20 THE QUEENS COURIER • APRIL 18, 2013 FOR BREAKING NEWS VISIT www.queenscourier.com tax tips What Happens After I File My Taxes? BY BARRY LISAK Barry Lisak, EA, is an IRS Enrolled Agent who has operated a tax preparation s offi ce for over 30 years. Any questions or comments, please contact mrbarrytax@aol.com or 516-829-7283. Now that the federal income tax deadline is in your rear-view mirror, what happens after you fi le? A lot of taxpayers have post tax-fi ling questions such as what records should I keep and for how long? The IRS has answers for you. What Records Should I Keep? Normally, tax records should be kept for three years. You should keep copies of tax returns you have fi led and the tax forms package as part of your records. They may be helpful in amending already fi led returns or preparing future returns. But some documents such as records relating to a home purchase or sale, stock transactions, IRAs and business or rental property should be kept much longer. If the IRS suspects you’ve underreported your income by 25 percent or more, it has up to six years to audit your return. Additionally, if you have written off a worthless investment, you should keep those records up to seven years. Address Change. If you move after you fi led your return, send Form 8822, Change of Address, to the Internal Revenue Service. If you are expecting a paper refund check, you should also fi le a change of address with the U.S. Postal Service. What If I Made a Mistake? Errors may delay your refund or result in notices being sent to you. If you discover an error on your return, you can correct your return by filing an amended return using Form 1040X, Amended U.S. Individual Tax Return. IRS Publication 552, Recordkeeping for Individuals, has more details on tax record keeping. “Two Decades Of Personalized Service” LJC@loucarino.com Call to schedule a FREE 3-Year Tax Return Review! We’ll search for missed deductions and try to get back more of your hard-earned money. Did you know that 75% of Americans overpay their taxes each year? Chances are pretty good that you are one of them. Call to schedule an appointment Queens Office: 35-30 Francis Lewis Blvd. Flushing, NY 11358 718-304-2035 www.gtax.com Jim Ciocia, Founder and Chairman We’re Waiting North Shore Animal League America Has Over 300 Dogs, Cats, Puppies And Kittens Available! 25 Davis Ave., Port Washington, NY AnimalLeague.org 125-10 Queens Blvd., Suite 14 Kew Gardens, NY 11415 Tel: (718) 520-1000 Fax: (718) 793-2522 For YOU Att: Dr. Irina Shamalava Fax: In The Index: Dentists Diad: #D4301008A OPEN EVERY DAY: Sun – Thurs: 10am – 9pm Fri – Sat: 10am – 10pm Home of the Mutt-i-gree® 516.883.7575 facebook.com/TheAnimalLeague 2011B, G4 Ad #1008A Please sign and send back or send notes for corrections mails are also acceptable. Customer’s Signature _________________ Thank You xhuud: ruptho-ahbhho JEWISH DIRECTORY & A COMPLETE JEWISH GUIDE http://www.jewishyellow.com Email: ko@dagmedia.com Family and Cosmetic Dentistry for Adults and Children Family and Cosmetic Dentistry for Adults and Children $150 OFF Zoom! Professional Teeth Whitening $1,000 OFF Clear Correct Invisible Braces ~ Smiles are a gift in any language ~ Cleaning • White Fillings (Bonding) • Crowns Porcelain Veneers • Fixed Bridges • Extractions Root Canals • Dentures • Dental Implants Periodontal Therapy (Bleeding Gums, Bad Breath) Pediatric Dentistry & More... FREE Consultation & Exam For New Patients Only cshev uhhgu. jhbo • yhpukh ahbhho fkkhho • yhpukh aura • njku, jbhfhho • ,u,cu, • darho ugus/// Irina Shamalova, DDS Experienced Dentist-Columbia University Graduate 247-09A Union Tpke., Bellerose, NY 11426 Call Us Today 718-506-3300 www.smile-in-style.com Sunday & Evening Appointments Also Available WE ACCEPT MOST DENTAL INSURANCE PLANS Like us on
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