Check the year-end information forms you receive
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.
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.
Kahn, CPA PLLC