Attention procrastinators, time is almost up to file your taxes
Shana Rose Reporting
After delays for a lot of taxpayers due to Congress making last minute tax law changes, it's a last minute push for a lot of people this year to get their payments and forms into the IRS.
With just two weeks until the federal tax deadline of April 15, we have some tips from a member of the Certified Public Accountants Society of Louisiana. CPA John Theriot says remember to make sure you take the credit on your state return for Citizen's Insurance. "It's amazing how many people" don't do this, says Theriot, "There's a huge amount of money up in Baton Rouge that's not claimed every year."
There is also a deduction on the state form for private or parochial school that people often miss.
And he says it's not too late though to hire a tax professional, "It's just finding the right preparer. Someone that has a team that can handle your work and finding the right person for your kind of tax return too." The important thing he says is to look for a tax preparer who has experience with your type of return, especially if you own a business, rental property or have a lot of investments.
"What I'm advising clients and the general public, gather all your information. You've got to get together your W2s, your charitable donations, mortgage interest deduction, real estate taxes paid, and business expenses."
And he says if you're not sure just exactly what kind of information you need to collect, ask your preparer for a Client Organizer, a list of all the information you need to put together.