NORTH HIGHLANDS, CA, April 17, 2009
/24-7PressRelease/ -- To help the millions of taxpayers rushing to get their income tax returns prepared and filed before the deadline, Roni Deutch has published a set of tips for last minute filers.
"The April 15th tax deadline is just around the corner," claims Ms. Deutch. "With everything else going on in the country right now there are millions of taxpayers that still need to prepare and file their income tax returns. However, in this mad rush to get your returns in on time, it is more important than ever to be as careful as you can. When people rush, they tend to make mistakes. And when it comes to your tax returns those little mistakes can result in thousands of dollars in penalties and fees."
To help taxpayers avoid making costly mistakes, while still getting their returns in on time, Ms. Deutch has put together a set of last minute tax tips for the readers of her blog. You can check out a clip of the entry below, but to read the full text visit Roni Deutch: The Tax Lady Blog.
Make sure it is all there
Be sure you have attached all W-2's and all necessary documents to your return, and have completed them correctly. Your social security number is the most important identifying number, so check and double check that it is correct on all documents. It is also a good idea to put your social security number on the top of every form.
Check the IRS' website
New deductions and credits are created every year for your benefit. While we all like to think our tax preparers know everything, it never hurts to double check their work. The IRS updates their website frequently with new tax laws, credits, and deductions.
E-File
If you are running short on time and cash, you can e-file (electronically file) your taxes on your own online. All the information you need is on the IRS website, and there are multiple help lines you can call for assistance. However, the sooner the better as the IRS gets very busy this close to the tax deadline.
Be honest
The most important rule of filing your taxes is to always be honest. The repercussions you may receive for lying to get a deduction you do not qualify for could be a lot more than you would have saved. Check over your return one last time before sending it off to make sure you only claimed deductions and credits you qualify for.
Make copies of everything
Before you mail in that return, be sure to make a copy of every document you are sending. You may need a copy for various reasons, including, if you are audited or if the IRS claims to have never received the original set of documents that you mailed to them. You should also request a receipt from the post office so you have proof of post-mark. To be extra safe, you can mail your documents via certified mail, return receipt requested. This will provide proof of mailing as well as receipt by the IRS in the event that the IRS sends you a missing document letter or imposes penalties for failing to file or for late filing.
Use IRS mailing materials
The IRS sends you your own mailing materials for a reason - it makes the process easier for them. If you fail to use their documents to mail your return, you could be running the risk of receiving a later return. If details on the mailing materials are inaccurate, the IRS prefers you make changes right on the labels, in pen.
Not ready? File an extension.
If you are not quite ready to file, for any reason, definitely file for an automatic extension. There are numerous reasons you may feel the need to file an extension, but any reason is better than not filing your return at all. However, if you are going to owe the IRS money, then you still need to have your payment to them by the 15th.
About Roni Lynn Deutch
Through her years of practice, Roni Deutch saw that many of her clients' tax problems were caused by sloppy and unprofessional tax preparation. Roni decided it was time to put her experience to work for taxpayers across the country. Roni Deutch Tax Center is now filling the need for competent tax return preparation. In the February 2009 edition of the Entrepreneur Magazine, Roni Deutch Tax Center is in the top 2% of the fastest-growing franchises out of over 3,000 franchise concepts in the country. An affordable franchise opportunity, a Roni Deutch Tax Center franchisee can expect to invest between $26,500 (tax preparation business conversion) and $99,950 to open a tax center, with the average investment being about $65,000 for one location.
The Tax Lady's Guide To Beating The IRS And Saving Big Bucks On Your Taxes
(BenBella Books, February 15, 2009, Paperback Price: $16.95, ISBN 978-1-933771-77-9)
Contact:
Larry Miramontes
RDTC, Inc.
877-232-8477 Ext. 2410
http://www.rdtcfranchise.com
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