IRS Highlights Top Errors So Far
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The Internal Revenue Service is always looking for ways to assist tax preparers and has set up a web site highlighting the top errors paid preparers are making on this years tax returns.
The "Top Ten" list [1] covers paper returns for 1040's, 1040A's and 1040EZ's.
From the IRS' list, here are the Top Ten mistakes on 1040 returns so far this tax season:
- Taxpayer identification numbers or names for dependents didn't match IRS or SSA records. We didn't allow the exemptions.
- Taxpayer identification numbers or names for dependents didn't match IRS or SSA records. We didn't allow all or part of the child tax credit.
- Dependent's last name had to be corrected.
- Earned income credit was figured or entered incorrectly.
- Primary SSN was incorrect or illegible. We corrected it.
- SSN for child(ren) who qualify taxpayer for earned income credit didn't match SSA records. Earned income credit was changed.
- Didn't include nontaxable earned income from W-2's. Earned income credit was changed.
- Child tax credit was figured incorrectly.
- Based on information reported, we refigured the tax using the filing status for a single person.
- Name Line 1 was illegible or did not match our records. We corrected it.