File electronically.
If you e-file, tax software will do the calculations, flag common errors and prompt you for missing information.
Remember Making Work Pay.
The Making Work Pay Tax Credit –– available in 2009 and 2010 –– is worth up to $400 for individuals and $800 for married couples. Most people got it as a reduction to their paycheck withholding. Form 1040 filers must complete Schedule M, attach it to their returns, and claim the credit to benefit from it. (Tax software handles these calculations automatically for e-filers.) Also, if you received the one-time Economic Recovery Payment, you need to reduce your Making Work Pay credit by that amount.
Claiming the Homebuyer Credit?
If you claim the first-time homebuyer credit, complete Form 5405, and include it along with the settlement document, such as a HUD-1. More information is available on the homebuyer page.
Check only one filing status.
Also, check the appropriate exemption boxes. When you enter Social Security numbers, make sure they are correct.
Double check all figures.
While software catches and prevents many errors on e-file returns, math errors remain common on paper returns.
Get the Right Routing and Account Numbers.
Make sure the financial institution routing and account numbers you have entered on the return for direct deposit of your refund are accurate.
Sign and date the return.
If you are filing a joint return, both you and your spouse must sign and date the return. E-filers can sign using a self-selected personal identification number (PIN).
Attach Forms To the Front of the Return.
Paper filers need to attach W-2s and other forms that reflect tax withholding, as well as other necessary forms and schedules, to the front of their returns.
Do you owe tax?
E-payment options are available or send a check or money order payable to the "United States Treasury."
Need assistance, call us today http://woodardaccounting.com/
Read the full article here http://www.taxact.com/reference/2010/nw-avoid-common-mistakes.asp
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