You want your tax return as quickly as possible. What’s even more important is making sure you don’t get in trouble with the IRS.
As the tax filing deadline nears, many taxpayers decide to do their own taxes. Though it may seem like a good idea at the time, you need to watch out for tax filing mistakes that could delay your refund. Or worse, land you in tax debt or in trouble with the IRS.
4 Tax Return Mistakes That Could Delay Your Refund
- Misspelled Names
- Missing or incorrect Social Security Numbers
- Incorrect or missing income
- Deduction mistakes
Filing your tax return is not something to take lightly. You return must be accurate and match the information reported to the IRS by your employers. Any mistakes can cause delays or worse trouble with the IRS.
Why Tax Software Isn’t the Answer
Don’t rely on online tax software. While it can very helpful, it won’t make sure you entered names or numbers correctly, and it can’t catch missing information you don’t report.
Even an innocent mistake in underreporting income by transposing numbers or leaving off a W-2 if you’ve worked multiple jobs can look like intentional tax fraud.
The IRS gets notified of income you received throughout the year, and it doesn’t just include your W2 wages. You must keep track of all your income and report it to the IRS correctly to avoid any problems.
It also may be tempting to click a few extra boxes and input a few made up deductions to bring your tax liability down. DON’T EVEN THINK ABOUT IT. Just because the software lets you do this, does not mean you should.
Failing prey to these tax return mistakes is easy, but it’s also easy to avoid them by contacting Tax Resolution Group for professional tax preparation and tax resolution.
How Tax Resolution Group Can Help
We have the expertise to help you out of tax trouble. If you made a mistake on your tax return and end up on the receiving end of an IRS notice, or if you have years of unfiled tax returns, contact Tax Resolution Group today. Tax Resolution Group specializes in fixing tax problems. We offer proactive tax services including tax resolution, tax planning, tax preparation and audit support. We offer in person, virtual service or socially distanced service, and we are ready to help you. Call us for tax help today at 941-413-2799 or Request a Free Consultation.