
This week I have begun preparing my year end information to get ready for April 15th. How about you? One thing I've learned - either because of, or inspite of, my prior years of profound procrastination I am bound and determined this year to get my 1099s, mileage, retirement plan contributions, charitable, business and any other potential deductions together to be ready! I am pleased to report that so far, so good. Progress is being made.
Since I am still feeling in a giving mood I thought I'd share a few tax filing tips:
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FILE EARLY and you'll get the grinding process over sooner and receive a quicker refund.
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Get your records together BEFORE you start the filling out the forms. Get all your W-2s and 1099s and make certain to save copies for your own records.
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Get the RIGHT forms. They are FREE at the IRS web-site.
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Don't rush when you are a doing your taxes. Be careful. Doing your taxes in a flash can cost you some cash.
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Double-check your math and be sure to double-check all Social Security numbers too. These are two of the most common errors made by taxpayers and can slow down or cause even worse problems. Getting them correct can improve chances of avoiding a fearful looking form letter while simultaneously improving your opportunity for a quicker refun.
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Get the fastest refund by having it direct deposited. Don't wait for a check in the mail.
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File online and again save time. Not only will you save time but online filing helps reduce match problems. And again, it provides confirmation you have filed and helps speed up your refund. 68.5 million people E-filed in 2005 so get with the program and E-File!
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Don't pull the paper bag over your face when you begin to hyperventilate with anxiety. Instead, try the IRS web-site or calling the friendly folks at the Internal Revenue Service on their clever toll-free number 1-800-829-1040 to get the help you need.
Well, I've successfully procrastinated for about fifteen minutes now so I think I'd better get back to finding those darn receipts and making sure my mileage log is up to date. Good luck to you!
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