What are some good tax tips?
by 
- M.C.S. - Dave
ANSWERS: 6
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Have a good tax preparer. I just think they're worth their preparation fee.
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Keep a record of all business receipts is one -- + 5 -- Is this you M.C.S. ?
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Just be sure to file! And don't blow your refund all in one place!!!
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The better your records, the better your return.
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From the IRS itself: 1. Organize Tax Records. Tax preparation time can be significantly reduced for taxpayers who develop a system for organizing their records and receipts. Start with the income, deduction or tax credit items that were on last year’s return. 2. Don’t Procrastinate. Resist the temptation to put off doing taxes until the last minute. Hurrying to meet the filing deadline may cause a taxpayer to overlook potential sources of tax savings and could increase the risk of making an error. 3. Visit the IRS Online. Taxpayers accessed the IRS Web site at IRS.gov more than 3 billion times in 2002. Anyone with Internet access can download tax forms, instructions and publications as well as tax law information and answers to frequently asked tax questions. http://www.irs.gov/newsroom/article/0,,id=108507,00.html
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1. Don't F#@! with the IRS. 2. Dot all your I and cross all your T. 3. Use a calculator. 4. Don't try to get over on your taxes, they will catch up with you. 5. Don't get audited on your 7th year. 6. Interest is charged by the day. 7. If all else fails, check with the professionals.
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