For
taxpayers who requested an extension to file their 2011 income tax returns, the
deadline is fast approaching. Late filers should invest the time to make sure
they are getting the most of their tax returns. So what’s important to know?
First, it’s important to be organized and manage your time carefully. Rushing at the last minute can lead to
mistakes and overlooked tax deductions and credits. Remember, if you miss deductions or credits on your tax return,
no one will add them in for you.
Second, do not be hesitant use a professional tax preparer if you feel you
need help. Tax preparers can you accurately prepare,
double check for tax deductions and credits, and electronically you’re your
return.
Finally, review the past year for life changes. Getting married or having a
child are not the only life changes with tax implications; other events such as
starting your own small business, going back to school, or even being
unemployed all have potentially beneficial implications on a tax return, which can
increase your tax refund or reduce a tax liability.
For
additional information or for help filing your tax return, reach out to your
neighborhood Tax Pros
at Jackson Hewitt.