Most of us don't like to think about filing our tax return, but it's one of those things we have to do.
Earlier is better when it comes to working on your taxes. You are encouraged to get a head start on tax preparation, especially since early filers avoid the last minute rush and get their refunds sooner.
Here are a few ways to get a good jump on your taxes long before the April deadline is here:
Gather your records in advance. Make sure you have all records you need, including W-2s and 1099s. Don't forget to save a copy for your files.
Get the right forms. They're available around the clock on the IRS website, you can also find them at your local Post Office.
Take your time. Don't forget to leave room for a coffee break when filling out your tax return as rushing can mean making mistakes.
Double-check your math and verify all social security numbers. These are among the most common errors found on tax returns. Taking care will reduce your chance of hearing from the IRS and speed up your refund.
Get the fastest refund. When you file early, you receive your refund faster. When you choose direct deposit, you receive your refund sooner than waiting for a check.
E-filing is easy. E-filing catches math problems, provides confirmation your return has been received and gives you a faster refund.
Don't panic. If you have a problem or a question, remember the IRS is there to help.
If you are recently married or divorced make sure the name on your tax return matches the name registered with the Social Security Administration. It's easy to inform social security of a name change by filing form SS-5. It usually takes 2-weeks to have a name change verified.
If you have a consumer question or comment, give us a call at 450-8881.
You can also check out www.irs.gov for more help on your taxes.