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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Apr 07, 2009
Page
3
This item outlines key facts about traditional IRAs including deduction potential tax credits, contribution deadlines, and limits for 2008. It notes eligibility, age limits, and the forms to use such as Form 8880 and the appropriate 1040 variant. It emphasizes contributions before the tax year deadline and tax deferral on earnings.
With the deadline near, these tips guide last minute filers. E-file to ensure accuracy. Check Social Security Numbers and all amounts from W2 or 1099. Sign and date, include both spouses on joint returns, and have preparers sign. For quicker refunds use Direct Deposit and pay by check to United States Treasury if sending a payment. Extend only if needed. extension to file does not extend payment. Review return again before sending to avoid delays.
The notice warns taxpayers about errors in Recovery Rebate Credit on 2009 returns and stresses verifying 2008 stimulus payments, correct SSNs and dependent names, proper filing status, and careful math on paper returns while software handles calculations.
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