Welcome Guest. Register Now!  


For 2011 Tax Tips For Year 2011


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-10-2012, 05:38 PM
Samatg's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 291
Post Ten Last-Minute Tips for Individuals Still Working on Their Tax Returns

The tax filing deadline is just around the corner. The IRS has 10 tips to help taxpayers still working on their tax returns:

1. File electronically Most taxpayers file electronically. If you haven’t tried it, now is the time! The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut of electronic filing in 1990. In fact, 112 million people — 77 percent of all individual taxpayers — used IRS e-file last year.
2. Check the identification numbers Carefully check identification numbers — usually Social Security numbers — for each person listed. This includes you, your spouse, dependents and persons listed in relation to claims for the Child and Dependent Care Credit or Earned Income Tax Credit. Missing, incorrect or illegible Social Security numbers can delay or reduce a tax refund.
3. Double-check your figures If you are filing a paper return, double-check that you have correctly figured the refund or balance due.
4. Check the tax tables If you e-file, the software will do this for you. If you are using Free File Fillable Forms or a paper return, double-check that you used the right figure from the tax table for your filing status.
5. Sign your form You must sign and date your return. Both spouses must sign a joint return, even if only one had income. Anyone paid to prepare a return must also sign it and enter their Preparer Tax Identification Number.
6. Send your return to the right address If you are mailing a return, find the correct mailing address at Internal Revenue Service. Click the Individuals tab and the “Where to File” link under IRS Resources on the left side.
7. Pay electronically Electronic payment options are convenient, safe and secure methods for paying taxes. You can authorize an electronic funds withdrawal, or use a credit or a debit card. For more information on electronic payment options, visit Internal Revenue Service.
8. Follow instructions when mailing a payment People sending a payment should make the check payable to the “United States Treasury” and should enclose it with, but not attach it to, the tax return or the Form 1040-V, Payment Voucher, if used. The check should include the Social Security number of the person listed first on the return, daytime phone number, the tax year and the type of form filed.
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.
10. Visit IRS.gov Forms, publications and helpful information on a variety of tax subjects are available at Internal Revenue Service.
Links:



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 11-01-2012, 10:54 PM
Banned
 
Join Date: Oct 2012
Posts: 6
Hello Friends,

A tax return is a form (paper or online) on which you:
1. Report details of your taxable income, and any capital gains if appropriate
2. Claim tax allowances and tax reliefs.
HM Revenue and Customs (HMRC) may issue a tax return to you each tax year. The tax year runs from 6 April one year to 5 April the next. If you receive a tax return, the law says you must fill it in.
HMRC uses the information on your tax return to work out your tax bill or work out whether you are due a tax refund.

Thanks and Regards
Tony Stevenson



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax Tips for Self-employed Individuals Samatg For 2010 0 01-25-2011 04:27 PM
Top Ten Tips for Last Minute Filers Samatg For 2009 0 03-30-2010 06:19 PM
Last Minute Tax Payment and Tax Filing Tips TaxGuru For 2008 0 04-06-2008 11:19 PM
Last Minute Payment and Filing Tips Samatg General 0 04-03-2007 02:15 PM
How about tips for self-employed individuals? gimini Sole-Proprietorship 1 03-14-2007 09:42 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.