taxes

7 ways to get organized for the tax year

Taxes » Tax Filing » 7 Ways To Get Organized For The Tax Year

Filing by the (identification) numbers
Filing by the (identification) numbers

The IRS tracks every taxpayer through a Social Security number. When you file your own returns, this isn't a problem. But if you drop all your data off at your accountant's office, make sure your Social Security number is in there, as well as your spouse's if you file jointly.

Don't forget the ID numbers of your dependents. You'll need those numbers, too. This includes everyone you claim, from elderly parents to infants. If your kids don't have their numbers yet, contact the Social Security Administration immediately. And don't forget the tax identification number of the person or business that takes care of the children while you're at work. You'll need it if you file for the child care credit.

A missing Social Security number for any person listed on your return could cost you. The IRS could delay the processing of your return, slow down any tax refund or disallow a tax credit if you don't have the identification numbers to support it.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.28%  0.02 4.26%
15 year fixed, 0 point 3.30% --0.00 3.30%
5/1 ARM 3.35%  0.05 3.30%
 
View Rates in your area Search
Product Rate Change Last week
30K FICO-based HELOC 4.74%  0.01 4.75%
50K FICO-based HELOC 4.53%  0.02 4.51%
100K FICO-based HELOC 4.26%  0.02 4.24%
 
View Rates in your area Search
Product Rate Change Last week
60 month used car loan 2.86% --0.00 2.86%
48 month used car loan 2.79% --0.00 2.79%
60 month new car loan 2.94% --0.00 2.94%
 
View Rates in your area Search
Product Rate Change Last week
1 Year CD 0.89%  0.00 0.89%
2 Year CD 1.02% --0.01 1.01%
5 Year CD 1.59% --0.00 1.59%
 
View Rates in your area Search
Product Rate Change Last week
Balance Transfer Cards 15.67%  0.04 15.71%
Cash Back Cards 16.32%  0.04 16.36%
Low Interest Cards 10.91% --0.00 10.91%
 
Search
DAILY TAX TIP NEWSLETTER

Get expert advice during tax season on tax preparation and tips for cutting your tax bill.

advertisement

Connect with us