Dollars & Sense
TAX TIP: Get a jump on your taxes
By Howard Abrams - PBS Tax and Bookkeeping Service
Mar 4, 2009 - 7:26:36 AM

To get a head start with your taxes this year, use the following checklist:

• Gather your records in advance. Make sure you have all the records you need, including W-2s and 1099s. Don’t forget to save a copy for your files.
• Compare amounts on 1099s and W-2s with your records to make sure they agree.
• If the amounts don’t agree, call the payer or use the amount you think it is by doing an adjustment on your tax return.
• You must have receipts and backup information for everything that appears on your tax return. Using an income tax organizer that outlines everything you need will be very helpful.
• E-filing is easy. E-filing catches math errors, provides confirmation that your return has been received, and generates a faster refund.
• Get the fastest refund. When you e-file early, you receive your refund faster. When you choose direct deposit, you receive your refund sooner.