How to file your income tax return correctly

January 1st. Another year starts and for many of us it means tax filing time! It may drive many of us crazy, but we still have to do it. Keep these tips in mind to keep things easy and to not make any mistakes.

Instructions

Difficulty: Moderately Easy

Things You’ll Need:

• Any receipts for the past year
• Form 1040 or other appropriate forms

1. Make sure you have all documents handy. If you don't this is the time to get them. Remember that any deductions you claim must have documented proof, otherwise the IRS just won't trust you enough to take them.
2. Will you file by hand or online? Many tax softwares are free, like TurboTax.com if your income qualifies. Remember that if you file by hand, you must write very legibly.
3. What was your marital status as of Dec. 31st of last year? Will you file as a single person or jointly? Make sure that if you are the head of the household that you qualify according to the rules set by the IRS to file as such. You should be able to find that on their website.
4. Pay attention to all Social Security numbers you include. The IRS computers link the name to the number, and any mistake could result in your tax return not being filed. You do not want the IRS rejecting your credits and deductions.
5. Do not use the wrong forms. Consult the IRS website and see if the forms you are using apply to you. Again, a tax filing software may help you with that.

Tips & Warnings

• Do not under any circumstances claim anything that you cannot prove.
• Do not lie or omit any earnings. The IRS will audit you and put you in a big mess.