6 tax terrors and how to overcome them1 of 8Admit it. You're afraid of your 1040. That's OK. A lot of us are. And our tax fears, sometimes irrational, sometimes warranted, cause us to do a lot of dumb things when it comes to our annual returns.Some people put off filing, some don't file at all. Neither of those choices is a wise tax move.But fear doesn't have to paralyze you. Here are six common tax terrors. Some are real. Some aren't nearly as terrifying as you might think.Regardless, you'll find out just how you can conquer your tax terrors, get your returns done in a timely manner and possibly save a few bucks once you've overcome your filing fears.<< Back to Bankrate's 2010 Tax guide table of contents. Related Articles:Eye on the IRS blog1040 tax calculatorTax talk Q & AWhat is your tax bracket?Related Links:Learn about the basics of tax2009 tax bracketsSome taxes can lower your IRS billHomebuyer tax credit questionsadvertisement
Admit it. You're afraid of your 1040. That's OK. A lot of us are. And our tax fears, sometimes irrational, sometimes warranted, cause us to do a lot of dumb things when it comes to our annual returns.
Some people put off filing, some don't file at all. Neither of those choices is a wise tax move.
But fear doesn't have to paralyze you. Here are six common tax terrors. Some are real. Some aren't nearly as terrifying as you might think.
Regardless, you'll find out just how you can conquer your tax terrors, get your returns done in a timely manner and possibly save a few bucks once you've overcome your filing fears.