___ It's that time of year again, and if you haven't yet filed, rest assured that you are definitely not alone! We asked Angela Garrett from our friends at Suncoast Tax & Accounting, Inc. to share some tips. Extensions are always an option, but be sure you understand exactly what one entails.

___ "You can request an automatic extension to file, but not to pay," says Garrett. "If you anticipate owing tax, an estimated check should accompany the extension request."

___ It's worth noting that an amended return is not a invitation for an audit, despite what people may think.

___ Starting a home based business can be exciting, but stressful -especially this time of year. How well you get through tax season may just coincide with your understanding of what you can claim. Take a hard look around your office for instance, you may be surprised what your tax preparer can help you claim. For many people, one of their biggest business expenses sits right in their garage.

___ "Some often overlooked business expenses are mileage and home office expenses. The mileage rate for 2004 is 37.5 cents per mile, plus auto loan interest, tolls and parking," she added. Keeping track of your auto expenses is a must. Imagine a business owner who legitimately uses their vehicle for their day to day operation. A little over 50 miles of travel a day, every work day, could add up to a $5,000 mileage deduction.

___ Your home office size can be just as important as what you put in it, according to Garrett. Also think about what it takes to keep your office and home operational.

___ "Home office expenses are based on the square footage ratio of the room vs the total home square footage. Home office expenses include a percentage of property tax, mortgage interest, house insurance, utilities, maintenance and repair, etc."

___ Like amended tax returns, know that claiming home office expenses will not trigger an audit.

___ Expenses for a self-employed person are very important, as they not only lower the business profit thus lowering the income tax, they also lower the exposure to social security tax. This "self-employment tax" is 15.3% of the business profit.

___ Always check with your tax preparer for the latest details and advice. Thank you Angela Garrett and Suncoast Tax & Accounting, Inc. for their input. Click HERE to learn more about their services.

___ "We at Suncoast Tax & Accounting, Inc. have been preparing personal and business tax returns for 32 years.  We are aggresive, and will strive to provide the taxpayer with all the tax advantages available to them."