FIVE TIPS TO AVOID TAX TIME STRESS

  1. Don't Procrastinate.  Resist the temptation to put off your taxes until the very last minute.  Rushing to meet the filing deadline may cause you to overlook potential sources of tax savings and will likely increase your risk of making an error.
  2. Visit the IRS Website.  In 2009 more than 296million visits were made to IRS.gov.  They have numerous resources to assist you.
  3. File Your Return Electronically.  Last year, 2 out of 3 returns were filed electronically.  PAS offers electronic filings and rapid refunds for it's clients.
  4. Don't Panic If You Can't Pay.  If you cannot pay the full amount of taxes you owe by the April 15th deadline, you should still file your return and pay as much as you can to avoid as many penalties and interest as possible.  You can contact the IRS and make payment arrangements on the remaining amoiunt due.
  5. Request an Extension But Pay On Time.  You can qualify for an automatic 6 month extension period but you are required to pay the taxes due at the time of the extension.  We can give you a good idea of how much that will be.  Any overpayments will be refunded when we file your taxes.
 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.