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Daily IRS Tax Tips Available For 2008 Filing Season
SPRINGFIELD - The Internal Revenue Service will again offer a daily series of tax tips for the 2008 federal tax-filing season. The tax tips will be available on the IRS Web site at www.irs. gov in "The Newsroom" section.
"IRS tax tips will offer concise, useful information on topics affecting millions of taxpayers," explained Gregg Semanick, IRS spokesperson in New Jersey. "These easy-to-read tips will cover a wide range of topics from recordkeeping and checking your refund status to avoiding problems at tax time."
Other sample topics include: common errors to avoid when preparing your taxes; free tax help from the IRS; e- file helps refunds, payments; choosing a tax preparer; how to avoid tax scams; what to do if you can't pay your tax; and what to do if you haven't received your Form W-2 timely. This tax season a tax tip will be available for each business day until the April 15 tax deadline and will be posted on www.irs.gov.
The following is a tax tip from the IRS encouraging filers to get a head start on tax preparation.
Earlier is better when it comes to working on your taxes. Taxpayers 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 seven easy ways to get a good jump on your taxes long before the April deadline is here:
1. Gather your records in advance. Make sure you have all the records you need, including W-2s and 1099s. Don't forget to save a copy for your files.
2. Get the right forms. They're available around the clock on the IRS Web site, IRS.gov.
3. Take your time. Don't forget to leave room for a coffee break when filling out your tax return, as rushing can mean making a mistake.
4. 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.
5. E-filing is easy. E-filing catches math errors and provides confirmation your return has been received and gives you a faster refund.
6. Get the fastest refund. When you e-file file early, you receive your refund faster. When you choose direct deposit, you receive your refund sooner than waiting for a check.
7. Don't panic. If you have a problem or a question, remember the IRS is there to help. Try the IRS Web site at IRS.gov or call the IRS customer service number at 800-829-1040.
Are you concerned that your efforts to get ready early may be affected by the Alternative Minimum Tax legislation passed by Congress in December? Most individuals will not be impacted, so it is still a good idea to get an early start on your preparations. Even if you are filing one of five forms affected by the recent legislation, the IRS expects to be ready for your return by February 11. You can review a list of the impacted forms and find out the latest news about when the IRS will be ready for your return at IRS.gov.
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