10 things to watch for as you prepare your tax return.
- Incorrect Social Security numbers or misspelled names
- Using incorrect forms and schedules
- Wrong filing status
- Claiming ineligible dependents
- Misapplied Earned Income Credit and Child Tax Credit
- Lack of receipts
- Failure to report all income
- Not checking for Alternative Minimum Tax
- Not signing the return – note the taxpayer and the spouse must sign and date the tax return
- Not attaching Form W-2 and other forms that indicate taxes withheld during the year
Bonus items:
- Applying for a Refund Anticipation Loan (RAL) without W-2 Earned Income
- Omitting the Social Security Number or EIN of your caregiver for the Child and Dependent Care Credit
- Mailing the tax return to the wrong address. Here is where to mail tax forms.
- Making your check payable to the IRS. The correct payee on checks and money orders should be the United States Treasury.
- Misreading the income tax tables
- Failure to make a copy of the return for the taxpayer's records
- Computation errors
- Incorrect bank account numbers for Direct Deposit
- Insufficient postage on envelopes. Better yet, use registered mail so there is a record that IRS received your tax return especially if you are paying a balance due.
Here are some other suggestions to
avoid tax problems.
No comments:
Post a Comment