last-minute-tax-fileThis year the federal tax filing deadline is Monday, April 15, 2013. File now to avoid any possible IRS late penalty fees and interest. The following tips have been compiled to help taxpayers still working on their tax returns: 1. File electronically - Most taxpayers file electronically. If you haven’t tried it, now is the time! The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut of electronic filing in 1990. Create a free account on Taxbrain to e-file your return today. 2. Check the identification numbers - Carefully check identification numbers – usually Social Security numbers – for each person listed. This includes you, your spouse, dependents and persons listed in relation to claims for the Child and Dependent Care Credit or Earned Income Tax Credit. Missing, incorrect or illegible Social Security numbers can delay or reduce a tax refund. 3. Double-check your figures - If you are filing a paper return, double-check that you have correctly figured the refund or balance due. Tax preparation software programs such as Taxbrain will accurately calculate the figures for you. 4. Check the tax tables - If you are filing a paper return, double-check that you used the right figure from the tax table for your filing status. Why not make it easy on yourself and prepare your return online? Tax preparation software such as Taxbrain knows the correct figures for your filing status. 5. Sign your form - You must sign and date your return. Both spouses must sign a joint return, even if only one had income. Anyone paid to prepare a return must also sign it and enter their Preparer Tax Identification Number. 6. Send your return to the right address - If you are mailing a return, find the correct mailing address at Click the Individuals tab and the “Where to File” link under IRS Resources on the left side. 7. Pay electronically – If you owe, electronic payment options are convenient, safe and secure methods for paying taxes. You can authorize an electronic funds withdrawal, or use a credit or a debit card. For more information on electronic payment options, visit 8. Follow instructions when mailing a payment - People sending a payment should make the check payable to the “United States Treasury” and should enclose it with, but not attach it to, the tax return or the Form 1040-V, Payment Voucher, if used. The check should include the Social Security number of the person listed first on the return, daytime phone number, the tax year and the type of form filed. 9. File or request an extension to file on time - By the April 15 due date, you should either file a return or request an extension of time to file. Remember, the extension of time to file is not an extension of time to pay. Don’t think you can file your taxes by the deadline? Taxbrain offers free tax extension forms. You can apply for an automatic extension to your federal tax return by filing form 4868 by April 15, 2013. Using this form extends your tax filing deadline to October 15, 2013. Note: you are still required to pay any taxes due by April 15 in order to avoid possible penalties and interest. 10. Visit - Forms, publications and helpful information on a variety of tax subjects are available at With a Taxbrain account, you can get all the free technical support you need to prepare your own taxes. Learn more, visit today. Source: IRS Tax Tip 2012-69