By now you should have received your information forms for 2004. These are the W-2s and 1099s you receive from employers, banks, and brokerage houses reporting wages, interest, dividends, and other types of income.

You should review these forms carefully before you file your tax return. Mistakes are more common than you think.

• Check that the numbers look reasonable. Compare information on the returns to year-end bank or brokerage statements or to your year-end pay stub.
• Check that the name and social security number are correct.
• Make sure you know what the information return is for and whether it is yours or not. In rare cases, forms can be issued to the wrong people.

If you find a mistake or think you have received an information form in error, don't ignore it. Immediately contact the issuer and ask them to issue a corrected Form 1099 or W-2. The IRS should receive a copy of the correction, and you'll avoid a red flag on your tax return. 

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• CHOOSING A TAX RETURN PREPARER
• CONSIDER YOUR TAX FILING STATUS WHEN PLANNING FOR DIVORCE
• TIMING MATTERS ON TAX LOSSES FOR WORTHLESS SECURITIES
• MAKE SURE YOU USE CORRECT SOCIAL SECURITY NUMBERS
• CHECK THE YEAR-END INFORMATION FORMS YOU RECEIVE 
• A TAX PROFESSIONAL GIVES YOU MORE THAN A TAX RETURN
• PROTECT YOURSELF WITH A TAX EXTENSION 
• ITEMIZING COULD SAVE YOU MONEY 
• PUT MORE DOLLARS INTO YOUR IRA
• PAY ATTENTION TO THE "NANNY TAX"
• GET A TAX CREDIT FOR CHILD CARE EXPENSES

Kahn, CPA PLLC
3343 Duke Street
Alexandria, VA 22314
703.370.0019
Fax: 703.997.4433
Information@KahnCPA.com