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Show Tax hints provided "Taxpayers who round off money entries on their Federal income tax returns should be consistent con-sistent and follow the correct procedure," Acting Salt Lake Director Paul R. Dickey said recently. A taxpayer should either round off all entries en-tries on the return or report the exact amount of dollars and cents for each entry, Dickey stressed. To, round off correctly, a taxpayer should drop all amounts under 50 cents and increase in-crease amounts from 50 tti 99 cents to the next dollar. "The advantage of rounding off figures," according to Dickey, "is that the taxpayer is less' apt to make a mathematical , error, having two less columns of figuring to be concerned con-cerned with." Taxpayers who round off entries should remember to place a decimal point after the dollar amount to help eliminate questions or problems, advised the Utah Director for IRS. |