A taxing time of year

A taxing time of year

Numerous changes made for 1040 filing form for this year’s tax season
Chuck Fredrick, left, who said the U.S. tax code is far too complicated for the average taxpayer to understand, gives a premier on tax preparation to members of Young Professionals of Durango at The Irish Embassy Pub. Sitting with Fredrick are fellow FredrickZink & Associates members Coelene O’Kane, center, and Melanie McLean, right, who also took part in the presentation.
Melanie McLean of FredrickZink & Associates talks about itemized deductions versus standard deductions during a primer on tax preparation at The Irish Embassy Pub.
Stem the stress

Here are some tips from the Internal Revenue service to reducing stress:
Don’t procrastinate. Get your paperwork together early and complete the forms carefully to avoid mistakes.
Visit IRS.org. The website can provide quick answers to unexpected questions.
Use Free File. If you earned less than $57,000 last year, you qualify for free tax software that will help you calculate your filing figures and complete the necessary forms.
e-file. The IRS indicates electronic filing is the safest, easiest and most common way to file taxes.
Don’t panic if you cannot pay. Taxpayers should file their taxes by the April 17 deadline regardless of ability to pay. Pay what you can when filing, then complete an installment agreement for the rest. The form is available at IRS.gov.
Ask for an extension if you cannot get the filing done on time. Taxpayers can get a six-month extension for filing their taxes, but that does not include more time to pay. To avoid penalties, pay more than 90 percent of the estimated tax obligation when requesting the extension.
herald staff

A taxing time of year

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Chuck Fredrick, left, who said the U.S. tax code is far too complicated for the average taxpayer to understand, gives a premier on tax preparation to members of Young Professionals of Durango at The Irish Embassy Pub. Sitting with Fredrick are fellow FredrickZink & Associates members Coelene O’Kane, center, and Melanie McLean, right, who also took part in the presentation.
Purchase
Melanie McLean of FredrickZink & Associates talks about itemized deductions versus standard deductions during a primer on tax preparation at The Irish Embassy Pub.
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