CARTHAGE, MO.--- The owner of A&S Bookkeeping says the I.R.S. won''t be processing your income tax returns until after January 30th, even if you've already filed. Tax season normally starts on January 22nd. Experts say the delay is because the fiscal cliff wasn't passed in time.
They offer a few tips for making your taxes easier to do.
Use last year's tax forms as a guide for what you need to file. Start preparing early because the I.R.S. has increased some of their fines this year. Also, be proactive and keep your paperwork like W-2 forms, medical records, and receipts organized in case you are itemizing.
"A lot of times, you do not have all your receipts but you can use your bank account statement as references," says Armando Salgado, Owner of A&S Bookkeeping, LLC.
Salgado says the biggest mistake people make is filing their children as dependents wrong. This can result in a fine of over $500, last year that error was only a $100 penalty. If you have any questions, you can go to the I.R.S. website by clicking here.
Use last year's tax forms as a guide for what you need to file. Start preparing early because the I.R.S. has increased some of their fines this year. Also, be proactive and keep your paperwork like W-2 forms, medical records, and receipts organized in case you are itemizing.
"A lot of times, you do not have all your receipts but you can use your bank account statement as references," says Armando Salgado, Owner of A&S Bookkeeping, LLC.
Salgado says the biggest mistake people make is filing their children as dependents wrong. This can result in a fine of over $500, last year that error was only a $100 penalty. If you have any questions, you can go to the I.R.S. website by clicking here.
