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Tips
for
Last
Minute Tax Filers
Posted 18 March
2010
With the April 15 tax
return deadline nearing, here are a few last-minute tips for those
taxpayers who haven’t filed yet.
File Electronically. Take advantage of e-filing which is fast,
accurate and easy. Most available tax preparation programs check for
errors and necessary information, increasing the accuracy of the return
and reducing the need for correspondence with the IRS to clarify errors
or omissions. With most programs taxpayers can usually file a state tax
return at the same time they electronically file their federal return.
Once the return is accepted for processing, the IRS electronically
acknowledges receipt of the return.
Generally, when someone files electronically, their refund will be
issued in about half the time it would take if they had filed a paper
return. Those who choose direct deposit will get their refund in even
less time.
Make Sure Your Paper Return is Error-Free. Those who file a paper
return can avoid most potential delays in processing the return and
avoid additional correspondence with the IRS to clarify errors should
make certain they: double-check their figures, sign their form,
attach all required schedules, send their return or request an
extension by the April 15 filing deadline.
Know Your Resources. The IRS website (www.irs.gov) offers a variety of
resources including forms, information on how to get a copy of a
previous years return, information on how to check the status of a
refund and more. You can also receive assistance by calling
1-800-829-1040 Monday through Friday, 7:00 a.m. – 10:00 p.m. The
Department of Iowa Revenue has a website with similar state resources
at www.iowa.gov/tax or by
calling 1-800-367-3388.
For more information, contact Erin Ludwig at 563-380-1475 or eludwig@iastate.edu.
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