Here again the time of the year has come. The season for filing tax returns began, and important tax documents will be sent by mail. Despite the fact that the deadline for submitting tax returns comes in April, early drafting of the decrees will facilitate their filing. Here the IRS provides 10 important tips to help you simplify the procedure for filing a tax return this year.
Begin collecting your documents
Collect all documents or forms that you need to fill out a tax return: receipts, canceled checks and other documents confirming income or deductions from tax that you specify in your tax return.
Follow incoming mail
Soon you will begin to receive Forms W-2 and 1099; They will need you to fill out a tax return.
Use the Free File system
Let the Free File system performs for you difficult work with the help of proprietary software for processing tax returns or filled in forms that are submitted via the Internet. Access to this system is available only from the IRS.gov link. Each taxpayer can prepare and file his tax return free of charge in electronic form (e-file). If your earnings are up to $ 57,000 inclusive, you are entitled to free software for filing tax returns provided through a partnership between the state and private manufacturing companies.
Try to file a tax return with the IRS in electronic form (e-file).The system of filing tax returns to the IRS in electronic form (e-file), created 21 years ago, has evolved over the years into a simple, safe and most frequently used means of filing tax returns. Last year, 70 percent of taxpayers – 99 million people – used the system of filing tax returns with the IRS in electronic form (e-file). Starting in 2011, many specialists in the preparation of tax returns will be required to use this system, and they will explain to you the possible options for filing tax returns. In form of Tax Collection this is an important matter.
Study other possible options for filing tax returns
At your disposal there are many options for filing tax returns. You can prepare it yourself or use the services of a specialist in the preparation of tax returns. You may be eligible for individual assistance in the IRS office or in the office of a specialist who works on a non-refundable basis. Take the time to analyze all the different options and choose the one that best suits your needs.
Consider receiving a refund by bank transfer. If you prefer to receive a refund of overpaid taxes by direct transfer to your bank account, and not as a printed check, you will receive a refund faster.
Frequently visit the IRS website. The official website of the IRS is a wonderful resource where you can find everything that you need to file a tax return: forms, publications, advice, answers to frequently asked questions, as well as updated information on changes in tax legislation.