« Child's Play | Main | Social Networking and the Law »

Don't cheap out when you bring your tax return to the post office!

An entrepreneur's tax return isn't necessarily cheap.  One relatively prominent entrepreneurial couple filed a 2005 tax return with three schedule Cs and from a bunch of partnerships.  Their return fee was a cool $16,535.

Maybe you spent hundreds of dollars to have a preparer do your business return. Or maybe you spent the 30.3 hours the 1040 instructions say is the average estimated time it takes to do your own return. Either way, your tax return represents a substantial investment in time and/or money.

200804101ibiz_2

Now isn't the time to cheap out. Unless you are filing electronically, you ought to spring for the extra $4.80 to file your return "certified mail, return receipt requested."

It's well worth the time and trouble of going to the post office to get that postmarked receipt. The tax law is full of sad stories of taxpayers who lost thousands of dollars because they didn't have a postmark to document that they filed on time. Don't let it happen to you!

If there's no post office open or handy, you can also use a mailing receipt from one of the designated private delivery services authorized by IRS for timely return shipment. As they don't use P.O. boxes, you'll want to refer to Russ Fox's handy list of service center street addresses.

And don't procrastinate, because Jiffy Express isn't a designated private delivery service.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83452ceb069e200e551d865068834

Listed below are links to weblogs that reference Don't cheap out when you bring your tax return to the post office!:

Comments

The comments to this entry are closed.

« Child's Play | Main | Social Networking and the Law »

Technorati Bookmark: Don't cheap out when you bring your tax return to the post office!

This site is intended for informational and conversational purposes, not to provide specific legal, investment, or tax advice.  Articles and opinions posted here are those of the author(s). Links to and from other sites are for informational purposes and are not an endorsement by this site’s sponsor.