Yep, the holidays are over and it's now time to focus on your taxes. Are your returns out of shape? Don't fret.In anticipation for the 2010 tax season, we've assembled a few tips to battle that post-recession bulge. No weights or cardio work necessary.
So, what can you do to avoid mistakes and problems on this year's tax return?
Double check your numbers
Most importantly, make sure you got your social security numbers correct. Let's say you wrote down the wrong social security number for one of your children. The IRS will disallow the dependent, and send you a brand new tax bill. Do a thorough double check when you finish filling out the information. It's worth the extra time.
Round up your charitable contributions
You can't deduct your charitable contributions if you forget to document them. Deductions are allowed for political groups, foreign organizations, social clubs, donations to individuals, and for a mile driven in service for a charitable cause. So don't forget to document.File your taxes electronically
Want to avoid the paperwork? File your taxes on the computer this year. Filing through online services like TurboTax will speed up your return, and save you from many errors that might not have been caught on paper. The IRS will give you a chance to go back and fix any mistakes before your return is accepted and processed.
