Prior to e-filing your tax return, you will need to review it.
Here are some suggestions to ensure everything looks right.
Adjusted Gross Income
Most tax returns will not have many lines entered in this area, but some might need special attention:
Taxes and Credits
Any other entries in this section should be understandable. If in doubt, ask for clarification.
The Balance of the 1040
Important: If asking for a direct deposit of your refund, double check the account number. Errors in this area are hard to correct once your tax return is processed.
Other Forms and Schedules
Review the supporting schedules. Pay special attention to any missing schedules and new ones required for this year's tax filings. As a final suggestion, pull out last year’s tax return and compare it with this year’s filing. Focus your questions and review on the areas with significant differences.
"Tax Tips" are published to provide current tax information, tax-cutting suggestions, and tax reminders. If you would like more information on anything in "Tax Tips," or if you'd like to be on our mailing list to receive other tax information from time to time, please contact our office.
The tax information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance.
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For more free resources, such as Tax Rates, Tax Organizers, and Record Retention Schedules, access our website www.monarchaccountinggroup.com.
Monarch Accounting Group, Inc
145 Tower Drive, Suite 4
Burr Ridge, IL 60527
Phone (630) 320-3720
To better serve our clients and friends, to keep you up-to-date and informed, our blog is a resource for tax tips and overall accounting related articles. We hope you find this useful!