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Show Yips IF or R$umd The peel-off label on le Federal tax ackage, like a lousand-dollar bill, is a nail but important iece of paper. - If used, it speeds the processing of Federal tax returns which, in turn, means quicker refunds and saves taxpayers money. When a return is received at the Ogden Service Center - as some 10.5 million will be this year - they wind up in the hands of data transcribers who enter the taxpayer's name, address and social security number into the computer. The IRS encourages use of the label, even if part of the information is incorrect. "Just draw a line through the error and correct it right on the peel-off label," the IRS says. By the way, the peel-off peel-off label has nothing to do with who gets sleeted for an audit. Most audits are triggered by a computer process that screens income tax returns for unusual deductions, credits and other items which are out of proportion in comparison com-parison to returns of other taxpayers with similar income circumstances. |