Weekly business rail, with job-search tips for senior-level seekers, the third in our series of tax tips and more.
Tip of the Week
You can save time and money by learning from the mistakes of taxpayers who have already filed. Here is the third set of tips in our series:
The error rate for federal e-filed returns is about 1 percent versus 20 percent for paper returns, because the software checks for math errors and missing information. In addition, e-filing allows you to receive your refund in about half the time as paper returns -- in as few as eight days combined with direct deposit. If you owe money, you have the option of paying electronically.
Rest assured your information is protected through encryption, and the IRS will notify you within 48 hours when your return has been accepted.
In order to e-file, you must have either your adjusted gross income (AGI) from last year (line 37 on Form 1040, line 21 on Form 1040A, and line 4 on Form 1040EZ) or your self-selected PIN from last year. If you can't locate your AGI or PIN, call the IRS at 800-829-1040 or go to IRS.gov.
Robert Half Management Resources offers these tips for job-seekers:
1. Be flexible. You may not find a job that is an exact match with the one you held before. Explore ways to apply your expertise in new areas and highlight your transferable skills.
2. Network effectively. Make sure your network includes people at varying experience levels as well as those outside your industry. Use social networking Web sites such as LinkedIn to extend your reach.
3. Know the company. The more you can uncover about a business’ strengths and weaknesses as well as its corporate culture, the better you can tailor your application materials to the firm’s exact needs.
4. Consider relocating. Be open to opportunities in other cities or states, particularly if your skills are highly specialized or few job openings exist locally.
BBB is alerting contractors and their employees to be aware of fraudulent letters re-circulating that appear to be sent from the U.S. Department of Transportation (DOT). The fraudulent letter is being distributed to businesses via fax. The letter indicates that your company is currently registered as a prospective contractor for procurements issued by the U.S. Department of Transportation. For more information, go to www.bbb.org.
Quote of Note
"I just wanted to find a way to save money. We have to sell ads for our yearbook, for our school newspaper. I don't think this small amount of advertising will change my classroom."
Teacher Jeb Harrison, as quoted by The Associated Press, on a plan to get much-needed supplies into his classroom – he found a pizzeria willing to supply the class with paper as long as it could put an ad on the bottom of the paper. The Pocatello, Idaho, school district said the sponsorship is against its rules, but it let the plan fly because it has no money.
Number to Know
$1,500: Amount of money won in the New York state lottery by a construction worker who decided to play part of Bernard Madoff’s prison number.
GateHouse News Service