Filing a complete and accurate return can save headaches later on

Although errors on a tax return may be rectified, taxpayers should try to file complete and accurate returns, to begin with, and there are multiple reasons for doing so.

To start, filing a tax return electronically assists the taxpayer in filing a complete and accurate return when it comes to arithmetic, common errors, and certain missing information.

Filing incomplete or inaccurate returns can lead to processing delays of the tax return form and refund, if applicable, and possibly the need to amend a return or respond to notices, etc.

Below are some common errors that taxpayers should be aware of:

·        Filing their return before they receive all their tax documents and information.

·        Incorrect social security numbers, names, filing status, or bank account details.

·        For taxpayers who prepare their tax returns manually should look out for math mistakes, credit, and deduction calculation errors, and unsigned paper tax returns.

Have a question about this or another tax-related matter? Feel free to reach out!

#shomercpa #tax