Tuesday Tax Tips 4/9/13 @ 5pm

    E-file - this reduces chances of audit and math mistakes
    Be sure to put correct Social Security numbers on the return
    Double-check your math calculations
    Check the tax credits to make sure you got everything you are entitled to get.
    Child Tax Credit           
    Earned Income Credit
    College Tax Credit
    Elderly Tax Credit
    Energy Tax Credit
    Child Dependent Care Credit
    Schedule A Itemized Deductions such as Mortgage Interest, Home Equity Loan Interest. PMI Insurance Deductions, Property Tax, State income tax or State sales tax.
    Make IRA Contribution

    Hire a Licensed Tax Professional!!!  Hire an Enrolled Agent - American's Elite Tax Professionals.  In case of audit or simply needing copies of tax returns or you have a tax question in July an Enrolled Agent is here year round to answer your questions and take care of your tax problems. 

    Request an Extension of Time to File - But Pay on Time If the clock runs out, you can get an automatic six month extension of time to file to October 15. However, this extension of time to file does not give you more time to pay any taxes due. You will owe interest on any amount not paid by the April deadline, plus a late payment penalty.  You must file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income.  At Stadler's we will file you Extension for you for FREE.

    Failure to File --- Red Flags You for Penalties.  Failing to file your return is a whole lot worse than failing to pay. Failure to file puts you at risk for larger penalties and interest.

    IRS Has $1.9 Billion for People Who Have Not Filed a 2009 Tax Return  Unclaimed refunds totaling approximately $1.9 billion are awaiting over 1 million people who failed to file a federal income tax return for 2009.  To collect the money, a return for 2009 must be filed with an IRS office no later than Monday April 15, 2013.

    Beware of Turbo Tax and tax software that claim to be "FREE" it really not free, they have lots of hidden fees and charges.  After all they put on huge national advertising campaigns that cost multi-millions, they have to charge you. 

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