Preparing your tax return can be a daunting task.The most common mistakes people make on their federal tax returns are relatively simple. Unfortunately, simple mistakes can cause a lot of grief. A wrong identification number here, a misspelled name there, could cause a delayed refund . http://www.1accounting.com.sg/

1. Common Tax reTurns
errors

2. Tax mistakes can happen to anyone. Any
inaccurate or incomplete declaration in your tax return will be detected by the responsible
authority and for these errors or omissions in taxpayers’ returns, penalties will be
imposed. You don't need to be a tax accountant, however, to avoid some of the most
common mistakes. While most of these mistakes won't land you in a jail cell, they might
cause you a few headaches as you deal with delays in your refund check or pay penalties
and interest.

3. Some common tax mistakes are discussed here.

4. Forgetting the filing date isn't a justifiable explanation.
Filing date.

5. Tax evasion is a crime punishable by law. It may result in taut financial punishment and
maybe even jail time.
Not filing at all.

6. Math error is something which may occur commonly. Check it yourself to avoid a hassle.
Math error.

7. Always keep copies of your previous returns, print them out and keep it with you.
Failing to keep old copies of returns.

8. Keep your receipts somewhere safe, because financial authorities won't take credit card
statements for original receipts.
Losing receipts.

9. Many people forget to sign their returns every year. It is a common mistake seen among
the people. Avoid this error too.
Forgetting to sign and date.

10. Always remember the social security number. A missing or incorrect social security
number is the most common tax return error.
Missing social security number.

11. Tax returns are very important aspect of our life.
It's an obligation for each one of us to our country. The best way to avoid tax errors is to
outsource all the accounting works to a professional firm. 1 Accounting was set up with
the idea of assisting entrepreneurs accomplish their business needs and accounting needs,
despite the industry or size.
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