It’s time again to start thinking about getting your tax return prepared. Here are some quick tips you can use to help speed tax processing and avoid hassles.
- Gather all documents needed to prepare an accurate return, including W-2s, 1099 forms, statements of interest and dividends, and relevant receipts. Failure to provide certain information could mean an incomplete return, which may require additional processing and delay any refund due.
- Check names, Social Security numbers, and amounts for accuracy and correct spelling. Also, if you supply a bank account number, double-check it.
- Don’t wait to contact the office for a tax preparation appointment.
Yet there may be reasons filing separately is better even if the tax cost is higher, such as if one spouse has an income-sensitive repayment plan for student loans. Contact our office to weigh all the factors and determine the most advantageous strategy for your situation.