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Tax tip: Don't file until you get all necessary documents

The article from MSN Money titled "Tax Tip: Don't File Until You Get All Necessary Documents" advises taxpayers to wait until they have all their tax-related documents before filing their returns. It highlights the importance of documents like W-2s, 1099s, and other forms that report income or deductions. Filing prematurely without these documents can lead to errors, potential audits, or the need to amend returns later. The piece also mentions that some documents might arrive late due to various reasons like postal delays or employer issues, and suggests using the IRS's "Get Transcript Online" tool to check for missing forms. It emphasizes patience to ensure accuracy and completeness in tax filings, thereby avoiding penalties and ensuring one receives all eligible refunds.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/personalfinance/tax-tip-don-t-file-until-you-get-all-necessary-documents/ar-AA1yaY6m ]