Tax tip Tuesday: 2010 filing season - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Tax tip Tuesday: 2010 filing season

By Kevin Wheeler - bio | email 

HATTIESBURG, MS (WDAM) - It's the 2010 tax filing season and WDAM will have weekly tips that you should keep in mind before you get started, if you haven't already.

Make sure you have all of your records, including your W-2's, receipts, and paperwork on items you have purchased.

"Hopefully they (taxpayers) are keeping those documents for their home purchase, of the purchase of their vehicle, especially if they have a business and are purchasing equipment," said Dee Stepter with the IRS. "You need to maintain those documents as long as you own that item."

Consider e-filing, that's electronic filing. The IRS has several free programs that allow you to free file. There are also online forms, which allow people to file the traditional way online.

"This is for people who may be comfortable in preparing their returns, or maybe they prepare them on paper," said Stepter.

If you expect a return, e-filing with direct deposit will get you a quick return.

"If you choose direct deposit, you're giving us the bank account information, where you want that money deposited," Stepter said. "E-filing with direct deposit can get your refund in as little as ten days and it's secure and it's safe."

Finally, taxpayers should visit www.irs.gov.  There's plenty of information, forms, and tips on that website designed for tax payers. The IRS has even gotten into the social networking world to provide information.

"The website gives you the ability to have access around the clock without having to wait," Stepter said. "You can download forms; you can find answers to tax questions.  We are trying to make the information as user friendly as possible and the way that people like to receive their information."

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