As tax time runs out, the stress-level intensifies as we all
struggle to get those returns in before the deadline. The pressure can be too great and cause many
filers to make easily-avoidable errors. There’s 11 days left to file on time. Before you file, make sure you take advantage
of these tax tips so you can turn the chaos of tax season into a victory for
Stay organized -
This rule work every time whether it’s tax season or back-to-school time! Keeping all of your important documents that
pertain to a specific purpose organized and together will make preparing your
income taxes much easier. Even if this means taking one spreadsheet and adding
up all of your business deductions so you get a final number, keep all of that
information in one place so that it’s easy to find.
File online - Filing online has its benefits: Your
return is more likely to be accurate, you’ll get your refund faster, and you’ll
avoid the post office rush!
Look into Filing an
Extension - If circumstance prevent you from filing on time, know that you
have the option to file a Form 4868, an Application for Automatic Extension of
Time to File U.S. Individual Income Tax Return, which will give you until
October 15 to file. If you owe the government
any tax liability, be sure to pay it by April 15 because the Form 4868 does not
extend your time to pay.