The countdown to April 15th is underway. As we rush to complete our returns common errors are inevitable. A few extra minutes proofing your return can be invaluable. Todays Tax Tidbit discusses how to avoid typical tax return blunders.
1. Use correct social security numbers. Nowadays we commonly use our Social Security number for identification. We’re accustomed to regularly repeating the entire number or even the last four digits. Take your time when entering this number on your tax return. An error such as transposing numbers can cause massive delays in processing your returns.
2. Sign your returns. If you are not filing electronically, be sure to sign your tax returns. If you are filing electronically keep a copy of your e-file confirmation. If you’ve hired a tax professional, you’ll need to sign Form 8879 (e-file Authorization). Your preparer will keep that document on file in their office in case proof of your e-file authorization is required.
3. Mailing a hard copy? Use correct postage. Having your tax return mailed back to you for insufficient postage is frustrating. The USPS changes their postal rates frequently. Recently modified postage fees based on the size of the package you are sending. When in doubt, Read the rest of this entry »