2007 Tax Reminders

Here are some great tax reminders to help keep you safe and to help you with your taxes when it comes time to file.

1.) Write in your Social Security number if you do a paper return. If you use tax software, you will be asked to enter your number and it will be filled in the proper spot on the form. Make sure to enter your SS# properly, and always keep your number safe.

2.) Protect your tax records from identity theft. Keep your tax records in a safe place. Call the IRS at 1-800-829-1040 if you think your id has been used wrong for tax purposes.

3.) Look out for email phising scams. There are a few still going on out there. The IRS will NEVER ask for your information in an email.

4.) You can check the yes box to designate a third party to discuss your return with the IRS.

5.) If your address changes, notify the IRS

6.) If you choose direct deposit for your refund, you may be able to split the refund into 2 or 3 accounts.

7.) You can use form 4868 to get an automatic 6 month extension to file your return.

8.) If you expect to receive the earned income credit and a qualifying child lives with you, you may be able to get advance payments for some of it in 2008 through your employer.

9.) If you are over 70 1/2, you can make a qualifying charitable contribution directly from your IRA, and the distribution is not reported as income.

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