TaxSlayer Blog is your source for tax preparation news, tips and advice.
Even though Tax Day is over, you may still have some things to do in order to keep things square with the IRS and to stay on top of your income tax refund.
1. Check on your refund. You can check the status of your income tax refund 72 hours after the IRS accepts it. Here is how: (1) Go to TaxSlayer.com and click on the link ‘Where’s My Refund’ located at the bottom of the home page. (2) call (800) 829-4477 anytime, day or night; (3) call (800) 829-1954.
2. File your 2010 tax records. You will need to keep a copy of your tax return and other records for at least three years after you e-file. Put them in a safe place where you can get to them easily – preferably a filing cabinet and/or an external hard drive. Make sure you have backups. Tax software helps a lot, but it can’t compensate for good recordkeeping.
3. Start keeping records for next year’s taxes. This includes itemized deductions, mileage, charitable donations– everything you do that will have an impact on your taxes so that you don’t forget important income tax deductions next year. You should try TaxSlayer.com’s My Deductions. You can access My Deductions once you log into your account. It will be found under ‘Other Items’ and it will keep track of your deductions throughout the year and they will pull into your return when you are ready to file next year!
4. Let the IRS know where you will be. If you move after filing, send them a Form 8822.
5. Fix mistakes on your return. If your return is rejected by the IRS, fix any errors and e-file it again. Remember to use TaxSlayer’s list of reject codes found in our Help Center if you need further assistance. If it is accepted, you will need to file an amended return. To do this with TaxSlayer.com tax software, click ‘File an Amended Return’ on the Main Menu. The first item on the menu will be step-by-step directions for filing an amended return. You will want to read those first before you begin.