Friday, February 3, 2012

Fool Proof Your Taxes | Financial Newsline

April is just around the corner, and that means people are literally screaming for tax relief. However, there is one type of relief you can get without having to call the IRS or your accountant. The government reports that almost 8 percent of all tax returns contain simple errors that delay a refund or cause taxpayers to file a late return. A few of the errors that can kick a return out of the system, and back to you for correction, are things like a missing signature, wrong filing status, incorrect number of dependents, and many others. Most often, the IRS says, these mistakes involve blank spaces on a return, where there should be an entry. To prevent this situation, and obtain tax relief, make sure to have someone double-check your return before you send it in. If you are uncomfortable having anyone else look at the return, make a list of items based on this article and do the checking yourself.

Don?t forget, you can always go to an IRS office in your locality and ask for help filling out the return. This might take some time, but if you really want to cover all the bases, and get tax relief, then it is a wise thing to do. Typical errors, besides those mentioned above, include the omission of a decimal place in an important income box, wrong address on the envelope, wrong social security number for you or your spouse, and missing pages.

These mistakes do not mean you are trying to cheat or defraud the government. Simple errors are human, and the IRS understands that. But why court attention from the Internal Revenue Service? To get tax relief, and avoid a delay in your refund, make sure to avoid simple errors.

In order to get tax relief, be certain that you have signed your return and used the proper postage, along with the correct IRS mailing address on the envelope. If you e-file, you will still need to electronically sign your form. If mailing a hard-copy return, you will also want to put your return address on the envelope.

As for the return itself, tax relief is just around the corner if you double-check that you have avoided mistakes which the IRS says are most common. Therefore, make sure to indicate the proper filing status. If you are married, do not mark the ?single? box. The IRS has extremely clear directions for what category is appropriate. In addition, the IRS often sees returns that have incorrect dependent listings. Husbands and wives may not claim each other. It sounds ridiculous, but literally thousands of tax returns each year show up at government offices with spouses claiming each other as dependents. Read the IRS guidelines on dependents in order to understand this concept more fully. Lastly, put your correct social security number on the form. This is the first thing the IRS looks at on a tax return. Tax relief is easy if you follow these simple rules.

Seeking tax relief from the IRS? Contact Guardian Tax Resolutions. The Guardian will help you resolve your tax issues and get you the piece of mind that you deserve.

Source: http://www.financialnewsline.com/finance/fool-proof-your-taxes/

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