Because of the end-of-the-year “fiscal cliff” negotiations, the IRS delayed the start of tax filing season until Jan. 30 this year. Some taxpayers faced further delays in filing, including those who claimed residential energy credits or whose returns involved property depreciation or general business credits. With or without delays, there are always those who end up filing their taxes at the last minute. The Pennsylvania Institute of Certified Public Accountants (PICPA) offers these tips for people who scramble to get their returns in by the April deadline.
1. Don’t panic
Even if you’ve been putting off filing your return, you can still get it in on time. Take that important first step: locate all the documents you need and organize your paperwork. Sometimes that can be the hardest part.
2. Check your facts
It’s much more stressful to get your return done in a hurry, and errors may creep in if you’re rushing. Take extra care to double check your figures and confirm that your Social Security number and other data on your return are correct.