April 15 is nearly here and if you are like about 25% of Americans, you still have yet to submit your 2014 tax return. With only a few days remaining before the deadline, MoneyTalksNews offers some tax tips to help you file your taxes accurately. Some of these include:
- Get Organized – Collect all required documents and information before you get started including W-2 forms, 1099 forms, social security numbers and your previous years tax return. Additionally, you will need form 1098 if you are itemizing your deductions.
- Pick a Preparer – You can either prepare your tax return yourself or choose a professional. Also determine if you are filing with paper forms or e-filing. There are a number of e-filing service providers such as TurboTax, TaxACT and H&R Block. For information or forms, visit IRS.gov.
- Don’t Rush – Taking your time can help you avoid mistakes. Some common errors include incorrect social security numbers, address, or filing status. Also, forgetting dividends or other income can result in costly errors.
Please read the entire article to learn all of the tax tips here.