Tax season is upon us. This means it is time to file your taxes. If you are a retiree and are planning on doing your own taxes there is one major thing you want to avoid; an audit. The IRS can be particularly picky when it comes to record keeping and other aspects of your finances. That is why there are some things that you should avoid doing on your tax return if you are planning on filing yourself.

Round Numbers

It can be very tempting to round off your numbers, particularly if you are estimating what an expense might be for the year. The trouble is, the IRS knows that you are rounding. They might see this as an indication that you are not accurately keeping track of your expenses. While you probably don’t need to keep track down to pennies, try to avoid estimating and round numbers.

Keep your Records and Receipts

The best defense against an audit is accurate records. This means that you might need to keep more than just a pile of receipts should the tax man come calling. Keep notes along with your expenditures so that not only is the money accounted for, but the purpose behind the spending.

Don’t Skip Lines

There are lots of lines to fill out on a tax return. Skipping over one that might seem like it doesn’t mean anything could be the difference between just another year and a messy audit. Complete your tax forms and make sure that all of the lines that should be filled out are filled out. Make sure to double check before submitting.

If you need assistance with elder law tax issues then consider speaking to the elder law experts at Stano Law group today.