Health & Safety

March 27, 2012

Six Tips for Reducing Tax-Time Stress

Tags: ,
Written by: Staff
More articles by »
taxes

Tax preparation doesn’t need to give you a headache. There are several ways to make it easier on yourself. The IRS offers six tips to help make your tax-filing experience a breeze this year.

1. Don’t procrastinate. Resist the temptation to put off your taxes until the very last minute. Rushing to meet the filing deadline may cause you to overlook potential sources of tax savings and will likely increase your risk of making an error.

2. Visit the IRS website. More than 322 million visits were made to www.irs.gov  in 2011. Make “1040 Central” your first stop to check for the latest news and find answers to your questions about tax filing.

3. Use Free File. Let the MARCH ARB VITA center do the hard work for you. We’re available at Bldg. 417. Our hours of operation are 10:00 a.m. to 4:00 p.m. Mon-Fri and UTA weekends

4. Try IRS e-file. Last year, 79 percent of taxpayers “” 106 million people “” used IRS e-file, which is the safest, easiest and most common way to file a tax return. If you owe taxes, you can file immediately and pay later (by the April 17 tax deadline). Best of all, when you combine e-file with direct deposit the IRS can generally issue your refund in as few as 10 days.

5. Don’t panic if you can’t pay. If you can’t pay the full amount of taxes you owe by the mid-April deadline, you should still file your return by the deadline and pay as much as you can to avoid penalties and interest. More than 75 percent of taxpayers eligible for an Installment Agreement can apply using the web-based Online Payment Agreement application available at www.irs.gov. To find out more about this simple and convenient process, type “Online Payment Agreement” in the search box at www.irs.gov. You can also contact the IRS to discuss your payment options.

6. Request an extension of time to file “” but pay on time. If the deadline clock is ticking, you can get an automatic six-month extension through Oct. 15. However, this extension of time to file, which must be filed or postmarked by the April 17 deadline, does not give you more time to pay any taxes due. If you have not paid at least 90 percent of the total tax due by the April deadline you may also be subject to an estimated tax penalty. You can obtain an extension through Free File at www.irs.gov/freefile. Or, file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, available for downloading at www.irs.gov or by calling 800-TAX-FORM (800-829-3676) to have a paper form mailed to you. Allow at least 10 days for mailed forms and publications.

As always your March VITA Tax Center is here for you. We offer free tax retruns for military, retirees, and DOD employees. Our hours of operation are Mon-Fri 10:00 a.m. to 4:00 p.m., UTA weekends 10:00 a.m. to 4:00 p.m. We are located at Bldg. 417. If you have any questions please call 655-3659 or e-mail us at MarchVITA@yahoo.com.




All of this week's top headlines to your email every Friday.


 
 

 

“Let go of the “fro”

When I was four years old, my mother would take me to my grandmother’s house every morning while she went to work. Now this was my mom’s mother, and she was one of those “no-nonsense, strong-willed, ’Homey don’t play that” type of woman. I’m talking about the kind of woman whose presence was so dominant...
 
 

Kicking Butts for Points launches at six Healthy Base Initiative sites

It may not be a patch or a pill that helps you quit using tobacco, but your smartphone instead. The Department of Defense Healthy Base Initiative is piloting an innovative approach to improve knowledge and change attitudes towards tobacco to support tobacco-free living in the military. Through a partnership with the National Institutes of Health,...
 
 
Facebook-Banner-Brain-Injury-Awareness-Mar-2015

March marks Brain Injury Awareness Month

WASHINGTON (AFNS) — Often called one of the “invisible wounds of war,” traumatic brain injury (TBI) is the result of a blow or jolt to the head that disrupts the normal function of the brain. Anyone can suffer a TBI, ...
 

 

National Colorectal Cancer Awareness Month

(compiled by Linda Welz from www.Cancer.gov) Colon cancer is a disease in which malignant (cancer) cells form in the tissues of the colon. The colon is part of the body’s digestive system. The digestive system removes and processes nutrients (vitamins, minerals, carbohydrates, fats, proteins, and water) from foods and helps pass waste material out of...
 
 

Build a healthy meal

A healthy meal starts with more vegetables and fruits and smaller portions of protein and grains. Think about how you can adjust the portions on your plate to get more of what you need without too many calories. And don’t forget dairy—make it the beverage with your meal or add fat-free or low-fat dairy products...
 
 

452 AMW QUARTERLY AWARD WINNERS

2nd Lt. Jim Lambert, 452nd Aeromedical Evacuation Squadron Company Grade Officer of the Quarter Senior Airman Anahi Ledezma, 452nd Communications Squadron Airman of the Quarter Staff Sgt. Paul Bugar, 729th Airlift Squadron NCO of the Quarter Master Sgt. John R. Hershey Jr., 752nd Aircraft Maintenance Squadron SNCO of the Quarter
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin