Follow the checklist:
- Make sure you have all the records you need, including W-2’s and 1099’s.
- Compare amounts on 1099’s and W-2’s with your records to make sure they agree.
- If the amounts don’t agree call the payor or use the amount you think it is by doing an adjustment on your tax return
- You must have receipts and back up information for everything that appears on your tax return. Using an income tax organizer that outlines everything you need will be very helpful.
- E-file your tax return. E-filing catches errors and provides confirmation your return has been received and gives a faster refund.
- Get the fastest refund. When you e-file early, you receive your refund sooner. When you choose direct deposit, you will receive your refund sooner than waiting for a check.
- If recently married or divorced and/or changed your last name including hyphenating your last name you will need to notify the social security administration.
- Every dependent claimed must have a social security number, even newborns.
This article has been presented by PBS Tax & Bookkeeping Service, a company which has been providing income tax and bookkeeping services to the trucking industry for over a quarter century. If you would like further information, please contact us at 800-697-5153. Visit our Web Site at www.pbstax.com .
“Everyone’s financial situation is different. This article does not give and is not intended to give specific accounting and/or tax advice. Please consult with your own tax or accounting professional.”
Comments - Tell us what you think below
No comments yet
