• Follow some helpful tips for preparing your income taxes.TAX TIME image by brelsbil from Fotolia.com
  
  Because most people only prepare income taxes once each year, they sometimes forget the basics. For some, it may be the first time they've had to prepare income tax returns at all. Either way, there are likely some basics that you will need help remembering in order to get the required information submitted on time. Follow these basic tips for income tax preparation to help ensure the job is done properly.
  
  

Getting the Right Forms

• The first thing you'll need to have in order to prepare your taxes properly will be the proper IRS forms. You will determine which forms you need by evaluating your situation from the previous tax year.
  
  Form 1040EZ is the simplest of the forms, meant for those with no dependents and taxable income of less than $100,000 who do not wish to itemize deductions or claim any tax credits. The 1040A is for taxpayers with less than $100,000 in taxable income without itemized deductions and who are claiming limited credits or common deductions such as student loan interest, child and dependent care credits. Those who have more than $100,000 in taxable income use Form 1040. Also, those who have less common forms of income such as self-employment, unreported tips or trust benefits use this form. The 1040 is also used for those who plan to itemize. These forms are available from your local U.S. post office or online at irs.gov.
  
  

Gather all Information Ahead of Time

• You will need to organize your tax information before preparing your taxes.
  
  Generally, there are some basics to remember that most tax filers will need in order to properly prepare, according to DebtSteps.com.
  
  Get a copy of last year's tax return if available. Also gather all of the Social Security cards for anyone who is included as a dependent on the return. You'll need the Social Security number for yourself, a spouse, children or any other qualifying dependents.
  
  Make sure you have all W-2 forms from employers you've worked for in the previous year or 1099 forms for any contract or freelance work you've completed in the previous year. You'll need statements from other sources, such as Social Security benefits, unemployment, royalties, rental properties and any other form of income you received during the tax year. Gather any receipts you'll be using as deductible expenses, student loan information, mortgage information or other deductible items.
  
  

Verify Your Information

• Once you have filled out your tax forms, take the time to go back over your basic information. Check for the proper spelling of all names on the form. Double-check Social Security numbers against the actual cards. Make sure you have chosen the proper filing status, such as single, married or filing jointly.
  
  If you are using direct deposit to get your refund, the tax preparation website 1040.com recommends that you double-check bank account and routing numbers to avoid delays in getting your money.
  
  

Sign and Date

• Just like a check you write to pay your bills, a tax form is not valid without a signature and date. You may be delayed in getting a refund or have other complications without signing and dating the form in the proper place.