Here are some very important tax tips to follow before you file your return. While these might seem obvious it’s surprising that they aren’t always used or followed.
1. File an accurate return and use e-file and direct deposit. If you do these three simple things you could receive your refund in three weeks or less. Rember: be accurate, file online, and use direct deposit.
2. Make sure you have all your records and tax documents before you file. Remember if you forget a 1099 form you’ll face a delay because the IRS will have their copy and they’ll want to know why you didn’t include it. If you omit income not only could your refund be delayed but you may receive a bill from the IRS or even trigger an audit.
3. Be sure your stimulus payment and any advance Child Tax Credit information are correct. Look for letter 6419 that the IRS sent in December that gives you the information you need to file your return properly.
4. There’s also an IRS letter 6475 that will include information about economic impact payments you may have received.
5. Try to use the IRS.gov website to find information. Calling for information could take hours. And I mean hours.
Disclaimer: Alan Mendelson is a well-known TV consumer news reporter who reports on tax issues. You should seek professional advice if you have tax questions or issues.