Tax Tip: Common Errors To Avoid

The IRS recommends reviewing your entire tax return to be sure it is accurate and complete. Even a simple mistake can cause problems with your tax return, which might lead to delays in processing your return and receiving your refund.

Want to avoid frequent trouble spots? Check these areas, which can reduce problems:

  • Use the peel-off label. You may line through and make necessary corrections right on the label. Be sure to fill in your social security number in the box provided on the return. It is not on the label.
  • If you do not have a peel-off label, fill in all requested information clearly, including the social security numbers.
  • Check only one filing status on the tax return and check the appropriate exemption boxes. Enter the correct social security numbers for each of those exemptions.
  • Use the correct Tax Table column for your filing status.
  • Double check all figures on the return. Math errors are a common mistake.
  • Sign and date the return. If filing a joint return, both spouses must sign and date the return.
  • Attach all Forms W-2 and any Forms 1099 that reflect tax withheld. Attach all other necessary forms and schedules, in the order of the "Attachment Sequence No." in the upper right corner of each form.
  • Do you owe tax? If so, enclose a check or money order made payable to the "United States Treasury" with the return. You may choose to pay by credit card by contacting one of the two credit card service providers. If you file electronically, you may authorize the U.S. Treasury to withdraw the payment directly from your bank account.
  • For a complete checklist and a listing of some of the most common errors, see TeleTax Topic 303 under the "Taxpayer Help & Ed" section of the IRS Web site.

    View more tax tips!


    This daily Tax Tip has been provided by the IRS

    You may like these other stories...

    As anyone who's ever been through a divorce can attest, the pain of parting with your spouse isn't just emotional—the fallout from divorce can wreak financial havoc as well long after the dust in the courtroom...
    Former DOJ Tax Division head Kathryn Keneally joining DLA Piper in New YorkGlobal law firm DLA Piper announced on Thursday that Kathryn Keneally, the former head of the US Justice Department Tax Division, is joining the firm...
    OECD calls for coordinated fight against corporate tax avoidanceDavid Jolly of the New York Times reported that dozens of countries with the most advanced economies have agreed on principles for concrete action to prevent...

    Already a member? log in here.

    Upcoming CPE Webinars

    Sep 24
    In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
    Sep 30
    This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
    Oct 21
    Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
    Oct 23
    Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.