Some easy ways to avoid mistakes are tofile electronically \u2013 the electronic system can immediately mark errors that would normally not be caught until reviewed a later date. In addition, using a reputable tax preparer \u2013 including knowledgeable tax lawyers at our offices \u2013 can also help avoid errors.<\/p>\n\n\n\n
Here are some common errors to avoid when preparing a tax return according to the IRS:<\/p>\n\n\n\n
Missing or inaccurate\nSocial Security numbers. Each SSN on a tax return should appear exactly as\nprinted on the Social Security card.<\/p>\n\n\n\n
Misspelled names. Likewise,\na name listed on a tax return should match the name on that person\u2019s Social\nSecurity card.<\/p>\n\n\n\n
Incorrect filing\nstatus. Some taxpayers choose the wrong filing status. The Interactive Tax\nAssistant on IRS.gov can help taxpayers choose the correct status especially if\nmore than one filing status applies. Tax software also helps prevent\nmistakes with filing status.<\/p>\n\n\n\n
Math mistakes. Math\nerrors are one of the most common mistakes. They range from simple addition and\nsubtraction to more complex calculations. Taxpayers should always double check\ntheir math. Better yet, tax prep software does it automatically.<\/p>\n\n\n\n
Figuring credits or\ndeductions. Taxpayers can make mistakes figuring things like their earned\nincome tax credit, child and dependent care credit, and the standard deduction.\nTaxpayers should always follow the instructions carefully. The Interactive Tax\nAssistant can help determine if a taxpayer is eligible for tax credits or\ndeductions. Attach any required forms and schedules.<\/p>\n\n\n\n
Incorrect bank account\nnumbers. Taxpayers who are due a refund – direct deposit is the fastest way for\na taxpayer to get their money. However, taxpayers need to make sure they use\nthe correct routing and account numbers on their tax return.<\/p>\n\n\n\n
Unsigned forms. An\nunsigned tax return isn\u2019t valid\u2026period. In most cases, both spouses must sign a\njoint return. Exceptions may apply for members of the armed forces or other\ntaxpayers who have a valid power of attorney Taxpayers can avoid this error by\nfiling their return electronically and digitally signing it before sending it\nto the IRS.<\/p>\n\n\n\n
Filing with an expired\nindividual tax identification number. If a taxpayer\u2019s ITIN is expired, they\nshould go ahead and file using the expired number. The IRS will process that\nreturn and treat it as a return filed on time. However, the IRS won\u2019t allow any\nexemptions or credits to a return filed with an expired ITIN. Taxpayers will\nreceive a notice telling the taxpayer to renew their number. Once the taxpayer\nrenews the ITIN, the IRS will process return normally.<\/p>\n\n\n\n
Is the IRS taxing your\nnerves? We can help! Contact our office at 816-524-4949 or visit our\nwebsite: www.hoorfarlaw.com<\/a> to schedule a consultation today!<\/p>\n","protected":false},"excerpt":{"rendered":" Mistakes can result in processing delays, which can mean it takes more time to get a refund. Some easy ways to avoid mistakes are tofile electronically \u2013 the electronic system can immediately mark errors that would normally not be caught … Continue reading