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Showing posts with label 1040. Show all posts
Showing posts with label 1040. Show all posts

Monday, January 30, 2023

10 common mistakes made by taxpayers who self-prepare their returns

10 common mistakes made by taxpayers who self-prepare their returns

  1. Incorrect Social Security numbers: This can result in delayed processing and incorrect tax credits.

  2. Mismatched names and addresses: This can cause problems with mailing correspondence and matching with government records.

  3. Missing or incorrect forms: Failing to include required forms can result in incomplete returns and potential fines.

  4. Miscalculating deductions and credits: This can result in underpayment or overpayment of taxes.