2023-01-24 14:30:01
These are the key tax forms you need to file your return and when to expect them
Key Points
- If you're expecting a refund this season, you may avoid processing delays by filing a complete and accurate return, according to the IRS.
- Before filing, it's critical to get organized with your tax forms to report activity such as income, deductions and credits.
- As a starting point, experts suggest reviewing last year's tax return "page-by-page" to make a checklist of the forms you'll need.
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If you're expecting a refund this season, it's critical to file a complete and accurate tax return to avoid "extensive processing" and delays, according to the IRS.
One of the keys to error-free filing is including all your required tax forms, known as information returns, which employers and financial institutions send yearly, with copies going to the IRS and taxpayer.
If you skip tax forms received by the agency, the IRS systems may flag your return and mail you a notice, explained Sheneya Wilson, a certified public accountant and founder of Fola Financial in New York.
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