IRS Tax Filing Tips

IRS Tax Filing Tips:  Tax Day is Monday, April 17th

Double Check These 10 IRS Tax Filing Tips – One Last Time  – Before You File Your Taxes

USA tax filing day deadlines are April 17. The IRS Gives You these 10 IRS Tax Filing Tips to help you make the deadline timely and file your return  correctly.

 

1 – Double-Check Your Addition And Subtraction Figures:

If you are filing a paper return, double-check that you have correctly figured the refund or balance due.  Go back through your return and check your math – Add and subtract once more to make sure your return isn’t kicked out for hand sorting by an agent because of math errors – Over 1/3 of the returns filed are not double -checked for this simple ten minute exercise.

2 – Check Your Specific Tax Tables:

 If you e-file, the software does this already, but it will not hurt to know for certain which ones you need to use and review for correctness. For those using “Free File Fillable Forms,” or paper tax returns, double-check that you used correct figures from the correct filing status tax tables.  Also check that you are using the correct tax filing year to base your tax amount on.

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 3 – Double Check Your Identification Numbers:

Carefully check all ID numbers — normally Social Security numbers (business ID numbers) — for every person listed on your tax form. That means you, your spouse, any dependents and persons listed in relation to claims for your Child and Dependent Care Credit, or your Earned Income Tax Credit. Missing, wrong or not-legible Social Security numbers can reduce, delay, or eliminate your IRS tax refund.

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 4 – Sign Your Tax Return Form:

Both a signature and date must be filled out on your form.  Yes, both persons filing a return must sign – Income amount does not matter – for those of you who had no income you still must sign the form.   If you paid an accountant or tax preparer to complete your taxes, they are required to sign and date the form with their Preparer Tax ID Number. 

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5 – Follow Correct Instructions When Mailing Your Payment: 

People sending a payment need to make checks payable to, “United States Treasury,” and enclose with it, but not attach to it, your tax return or the Form 1040-V, Payment Voucher, if a voucher is used instead. Your check “Memo” line needs to include the Social Security number of the primary person listed first on the return, along with their daytime phone number, the current tax year and the type of or number of tax form being filed.

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 6 – Send Your Tax Return To The Correct IRS Mailing Address

If mailing your return, you’ll find the correct IRS mailing address at their site:  www.irs.gov. For Personal tax filing, Click “Individuals” tab and see: “Where to File” link, right under links selected for, “IRS Resources” on your left.

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7 – File Your Taxes Electronically:

Most taxpayers and accountants now file electronically. The IRS has processed more than 1 billion individual tax returns safely and securely since the electronic filing option began in 1990. Last Year, 77% total individual taxpayers filed with the IRS by e-file.

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 8 – Pay Taxes Due From Home – Pay Electronically: 

Electronic payment options are fast, secure and easy options for tax payments. Electronic payment options include: Authorization of an electronic funds withdrawal, Credit Card use, or Debit Card withdrawal. For additional information on paying your taxes electronically, visit www.irs.gov.

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 9 – File Or Request An Extension To File On Time:

By the April 17 due date, you should either file a return or request an extension of time to file. Remember, the extension of time to file is not an extension of time to pay.  Pay on time, or request a payment plan – See the Irs.gov website for additional payment options.

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 10 – Take A Tour Of The IRS.gov Website:

Forms, publications and other helpful information on multiple tax topics are always available at www.irs.gov.

To Get the most out of your IRS Tax Tips, you really need to consult a professional accountant.  Those people are significantly DIFFERENT than a tax preparer, like you see on the ads.  The people in the ads are NOT TRAINED to work in your best interests, like a good accountant is.  They are trained to process you as quickly as possible and they pass on some of the worst IRS Tips out there!  Don’t be fooled – Get professional tax help from a real accountant!