The IRS Is Now Warning You to Do This Before Filing Your Taxes — Best Life

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The IRS Is Now Warning You to Do This Before Filing Your Taxes — Best Life
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You don't want to put off your taxes, but you should do this first.

Alongside the two new letters, there are a number of other forms the IRS said taxpayers should wait to receive before they file their 2021 tax return. This includes, but is not limited to, W-2 forms from employers, as well as 1099 forms from banks, issuing agencies, and other payers. "Organized tax records make preparing a complete and accurate tax return easier and may help taxpayers find overlooked deductions or credits," the IRS said.

These forms are meant to prevent you from including errors on your return. Errors, especially those concerning the child tax credit or stimulus payment, can result in processing delays for your return which will prevent you from getting your refund in a timely manner."Taxpayers should review them carefully.

"[Taxpayers] can also now make and track payments and manage communication preferences, including the option to go paperless and request email notifications for certain notices available online," the agency noted."Taxpayers are encouraged to register for an online account, if they haven't already, or sign in to access this information and explore these new features."

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