Tax Day is fast approaching! Fox Business anchor Lori Rothman has five easy ways to make filing a breeze
1. If you can’t file your federal tax return by April 18, this year’s deadline, you can get a reprieve until Oct. 17, no questions asked. With the deadline looming, filing for an extension could provide you with extra time to avoid last-minute mistakes. Those mistakes could cost you money in the long run. To request an extension, file IRS Form 4868 before April 18.
2. Check to see if you can file for free. The IRS offers a free e-filing program to people who have an adjusted gross income of $58,000 or less. Check IRS.gov for all the details
3. Don’t rely on your memory. Triple- and quadruple- check basic information like Social Security numbers, addresses, birthdays of any one that is filing with you (children, spouse, dependents). If the numbers don’t match up, the IRS will reject it.
4. Double-check to make sure you included all the necessary tax documents. If you misplaced documents or think some haven’t arrived yet — and that could sometimes be the case, depending on the type and size of investments you have — file for an extension.
5. This may seem silly, but pay attention to the postage. Filing on time won’t do you any good if it comes back to you with a “Return to Sender” sticker. Postage rates are set to increase on April 17, so be careful.
Lori Rothman joined FOX Business Network (FBN) in September 2010 as an anchor.
Previously, she served as a dayside anchor at Bloomberg Television covering markets, corporate earnings, and the global economic recession; as a morning news anchor at NBC affiliate WPTZ-TV Burlington/Plattsburgh; and as a weekend anchor for CBS affiliate KREX-TV in Grand Junction, Colorado.