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When preparing your tax forms, it is important to follow the correct order. Generally speaking, you should gather all necessary documents, such as income statements, deduction records, and other supporting paperwork. After organizing these documents, you can complete Form 1040 or any other necessary forms with information from your records. Finally, double-check that all forms have been correctly filled out and signed before submitting them to the IRS.

The direct deposit refund to the same bank account or on the same prepaid debit card has been limited, and they can not deposit to an account that does not belong to you.

You can round off cents to whole dollars on your return and schedules. If you do round to whole dollars, you must round all amounts. To round, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3.

Unless exempt under section 501, all domestic corporations (including corporaons in bankruptcy) must file an income tax return whether or not they have taxable income. Domestic corporationtis must file Form 1120 unless they are required or elect to file a special return.

When filing your individual tax return, you can either take standard deduction or itemized deductions. For most people, taking standard deduction is the best fit. Regardless, if you have a lot of deductible expenses and taxes such as medical and dental expenses, gifts to charity, etc., it would be better that you take itemized deductions if the total amount is higher.