TAX TIME RELAX 2010

By
Real Estate Agent with Precision Real Estate Inc. SA535849000

TAX TIME RELAX 2010

1. Gather your records...now! It's never too early to start getting together any documents or forms you'll need when filing your taxes: receipts, canceled checks, and other documents that support an item of income or a deduction you're taking on your return. Also, be on the lookout for W-2s and 1099s, coming soon from your employer.

2. Find your forms.Whether you file a 1040 or 1040-EZ, you can download all IRS forms and publications on our Web site, IRS.gov.

3. Do a little research. Check out Publication 17 on IRS.gov. It's a comprehensive collection of information for taxpayers highlighting everything you'll need to know when filing your return. Review Pub 17 to ensure you're taking all credits and deductions for which you're eligible.

4. Think ahead to how you'll file.Will you prepare your return yourself or go to a preparer? Do you qualify to file at no cost using Free File on IRS.gov? Are you eligible for free help at an IRS office or volunteer site? Will you purchase tax preparation software or file online? There are many things to consider. So, give yourself time to weigh them all and find the option that best suits your needs.

5. Take your time. Rushing to get your return filed increases the chance you will make a mistake and not catch it.

6. Double-check your return. Mistakes will slow down the processing of your return. In particular, make sure all the Social Security Numbers and math calculations are correct as these are the most common errors made by taxpayers.

7. Consider e-file. When you file electronically, the computer will handle the math calculations for you, and you will get your refund in about half the time it takes when you file a paper return.

8. Think about Direct Deposit. If you elect to have your refund directly deposited into your bank account, you'll receive it faster than waiting for a check by mail.

9. Visit IRS.gov often. The official IRS Web site is a great place to find everything you'll need to file your tax return: forms, tips, FAQs and updates on tax law changes.

10. Relax. There's no need to panic. If you run into a problem, remember the IRS is here to help. Try IRS.gov or call our customer service number at 800-829-1040.

Cited http://www.irs.gov/newsroom/article/0,,id=118985,00.html

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Katiejo Franks 12/14/2009 08:16 AM
  2. Eric Villaverde 12/18/2009 08:59 PM
  3. Joyce Kelley 12/23/2009 11:04 PM
Topic:
Real Estate General Information
Location:
Arizona
Tags:
real estate mentor
real estate trainer

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Rainer
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Alexandria Virginia
Featuring Susan Craft, CRS, REALTORĀ® - McEnearney Associates - Alexandria, VA
Real Estate Editor

Thanks for the pointers.  Great stuff that we all need.

Dec 12, 2009 12:13 PM #1
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Harry F. D'Elia
Precision Real Estate Inc. - Phoenix, AZ
Investor , Mentor, CSSN, Radio Coach, REOs, ABR

We all need to share to get ahead

Dec 12, 2009 01:01 PM #2
Rainer
188,478
Eric Villaverde
DoubleTree Home Inspection Services L.L.C. - Phoenix, AZ

Here is another great post regarding information. Keep up the great work.

Dec 14, 2009 08:07 AM #3
Rainer
170,043
Katiejo Franks
Real Estate and Beyond, LLC - Scottsdale, AZ

Thanks for more information when it comes to this topic. Happy Holidays

Dec 14, 2009 08:16 AM #4
Rainer
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Stephanie D'Elia
Real Estate and Beyond LLC - Tempe, AZ

I really do appreciate your posts so I continually learn from you. Great post

Dec 21, 2009 04:59 AM #5
Rainmaker
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Joyce Kelley
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

Great stuff Harry and it is that time again. Looks and sounds like Christmas, comes once a year and making a list and checking it twice.

Dec 25, 2009 12:21 PM #6
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Harry F. D'Elia

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