moneywatch Feature Package
Sure, you’d like to get your 2008 tax returns behind you. But while you have time — albeit, not much — make sure you aren’t paying a penny more than you should. It’s easy to overlook some tax deductions and credits, especially new ones you’ve never seen before. You might be able to make some truly last-minute moves to lower your ’08 tax bill. And be sure you haven’t made any silly mistakes on your returns that will cause the IRS to hit you with tax penalties or interest.
Once you think you’re good to go, review your 2008 returns to see what you can learn from them to lower your 2009 taxes. Then start taking steps to shave your next tax bill. If you find yourself short on the cash needed for your 2008 taxes, look into alternative payment plans with the IRS. You just might be able to get an extension or an installment agreement.
