The IRS encourages taxpayers to file an accurate tax return. If a taxpayer makes an error on their return, it will likely take longer for the IRS to process it. This could delay a refund. Avoid many common errors by filing electronically. IRS e-file is the most accurate way to file a tax return. All taxpayers can use IRS Free File at no cost.
Here are nine common errors to avoid when preparing a tax return:
Nobody’s perfect. Mistakes happen. But if you make a mistake on your tax return, it will likely take the IRS longer to process it. That could delay your refund. The best way to avoid errors is to use e-file. Paper filers are about 20 times more likely to make a mistake than e-filers. IRS e-file is the most accurate way to file your tax return.
With April 15 right around the corner, the IRS wants to make sure you get the help you need at tax time. Make things easier by not waiting until the last minute. Here are the top tax time tips:
The tax filing deadline is Tuesday, April 18 this year. This is because April 15 falls on a weekend and the following Monday is a holiday in the District of Columbia. Even with an extra three days, the IRS urges taxpayers to avoid waiting until the last minute to file their taxes.
Are you one of the few tax filers who still file a paper return? If so, now may be the best time to switch to e-file. Last year almost 129 million taxpayers filed their taxes electronically. They chose to e-file because it’s the fastest and safest way to file.
Here are the top six reasons why you should file electronically in 2016:
Importance of giving the correct information to the irsJames J. Grennen
Thinking about giving the IRS wrong or incomplete information about your tax return to save a few bucks? Contact Long Island Tax Resolution Service and know how to furnish correct tax information to the IRS and save yourself from severe IRS penalties.
Nobody’s perfect. Mistakes happen. But if you make a mistake on your tax return, it will likely take the IRS longer to process it. That could delay your refund. The best way to avoid errors is to use e-file. Paper filers are about 20 times more likely to make a mistake than e-filers. IRS e-file is the most accurate way to file your tax return.
With April 15 right around the corner, the IRS wants to make sure you get the help you need at tax time. Make things easier by not waiting until the last minute. Here are the top tax time tips:
The tax filing deadline is Tuesday, April 18 this year. This is because April 15 falls on a weekend and the following Monday is a holiday in the District of Columbia. Even with an extra three days, the IRS urges taxpayers to avoid waiting until the last minute to file their taxes.
Are you one of the few tax filers who still file a paper return? If so, now may be the best time to switch to e-file. Last year almost 129 million taxpayers filed their taxes electronically. They chose to e-file because it’s the fastest and safest way to file.
Here are the top six reasons why you should file electronically in 2016:
Importance of giving the correct information to the irsJames J. Grennen
Thinking about giving the IRS wrong or incomplete information about your tax return to save a few bucks? Contact Long Island Tax Resolution Service and know how to furnish correct tax information to the IRS and save yourself from severe IRS penalties.
You usually will have taxes withheld from your pay if you are an employee. However, if you don’t have taxes withheld, or you don’t have enough tax withheld, you may need to make estimated tax payments. If you are self-employed you normally have to pay your taxes this way. Here are five tips about making estimated tax payments:
If you get a tax bill from the IRS, don’t ignore it. Any procrastination may cost you more in the long run. The longer you wait, the more interest and penalties you may have to pay. Here are five tips to help you avoid those extra charges:
If you didn’t file for an extension and haven’t filed your taxes yet, it is important that you file soon. Here are some tips for taxpayers who missed the tax deadline.
April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If you are due a refund there is no penalty if you file a late tax return. If you owe tax, and you failed to file and pay on time, you will most likely owe interest and penalties on the tax you pay late. To keep interest and penalties to a minimum, you should file your tax return and pay the tax as soon as possible. Here are some facts that you should know.
Receiving a notice from the Internal Revenue Service is
usually no cause for alarm. Every year the IRS sends millions
of letters and notices to taxpayers. In the event one
shows up in your mailbox, here are ten things you should
know.
There are many reasons to keep a copy of a tax return from a prior year. The IRS urges all taxpayers to keep copies of their tax returns for at least three years.
Monday, April 18, was the tax deadline for most people in 2016. If you didn’t file a tax return or an extension to file but should have, take action now. If you missed the tax filing deadline:
All about taxes, forms and deductions -- Wayne Lippman CPAWayne Lippman
All about taxes, forms and deductions -- Wayne Lippman CPA
http://www.ptindirectory.com/tax-preparers/california/walnut-creek-ca/454953/lippman-and-associates-cpas-inc/wayne-b-lippman-cpa
An estimated seventy eight percent of all small business owners are self-employed. The business taxes are tied to the personal tax returns for most of the small businesses that are not corporations. That means, most of the small business owners pay their personal income taxes on their share of business profits.
Hass associates accounting 10 tax traps for 2014khyalethomson
Taxpayers in 2014 don't have to worry about a lot of tax surprises. The American Taxpayer Relief Act of 2012 enacted on Jan. 2, 2013, made many existing tax laws permanent and extended other provisions through 2013. But even in the most stable tax and political environments, there's always something to worry about when it comes to taxes. Here are 10 tax traps you need to watch out for in 2014.
Every individual earns an income for his living. From that earning, Government takes a share so that it can maintain the general utility facilities. This share is called income tax. Some philosophers also say Income Tax to be a compulsory extortion of money. Copy the link given below and paste it in new browser window to get more information on Income Tax Filing:- www.transtutors.com/homework-help/finance/income-tax-faling.aspx
Eight Issues to watch out for as-blog-ppt.pptxEnrolled Agent
Tax season comes with stress, and one could make mistakes. Some of these errors could be simple, but they can cost you a lot- you may lose out on a larger refund, incur interest and penalties, or an audit could show up! To prevent situations like this, you should avoid errors on your tax returns.
Five Tax Tips on Making Estimated Tax PaymentsAlexaGabriel1
Beginning in 2017, taxpayers using a software product for the first time may need their Adjusted Gross Income (AGI) amount from their prior-year tax return to verify their identity. Log on http://www.etservicesva.com/
You usually will have taxes withheld from your pay if you are an employee. However, if you don’t have taxes withheld, or you don’t have enough tax withheld, you may need to make estimated tax payments. If you are self-employed you normally have to pay your taxes this way. Here are five tips about making estimated tax payments:
If you get a tax bill from the IRS, don’t ignore it. Any procrastination may cost you more in the long run. The longer you wait, the more interest and penalties you may have to pay. Here are five tips to help you avoid those extra charges:
If you didn’t file for an extension and haven’t filed your taxes yet, it is important that you file soon. Here are some tips for taxpayers who missed the tax deadline.
April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If you are due a refund there is no penalty if you file a late tax return. If you owe tax, and you failed to file and pay on time, you will most likely owe interest and penalties on the tax you pay late. To keep interest and penalties to a minimum, you should file your tax return and pay the tax as soon as possible. Here are some facts that you should know.
Receiving a notice from the Internal Revenue Service is
usually no cause for alarm. Every year the IRS sends millions
of letters and notices to taxpayers. In the event one
shows up in your mailbox, here are ten things you should
know.
There are many reasons to keep a copy of a tax return from a prior year. The IRS urges all taxpayers to keep copies of their tax returns for at least three years.
Monday, April 18, was the tax deadline for most people in 2016. If you didn’t file a tax return or an extension to file but should have, take action now. If you missed the tax filing deadline:
All about taxes, forms and deductions -- Wayne Lippman CPAWayne Lippman
All about taxes, forms and deductions -- Wayne Lippman CPA
http://www.ptindirectory.com/tax-preparers/california/walnut-creek-ca/454953/lippman-and-associates-cpas-inc/wayne-b-lippman-cpa
An estimated seventy eight percent of all small business owners are self-employed. The business taxes are tied to the personal tax returns for most of the small businesses that are not corporations. That means, most of the small business owners pay their personal income taxes on their share of business profits.
Hass associates accounting 10 tax traps for 2014khyalethomson
Taxpayers in 2014 don't have to worry about a lot of tax surprises. The American Taxpayer Relief Act of 2012 enacted on Jan. 2, 2013, made many existing tax laws permanent and extended other provisions through 2013. But even in the most stable tax and political environments, there's always something to worry about when it comes to taxes. Here are 10 tax traps you need to watch out for in 2014.
Every individual earns an income for his living. From that earning, Government takes a share so that it can maintain the general utility facilities. This share is called income tax. Some philosophers also say Income Tax to be a compulsory extortion of money. Copy the link given below and paste it in new browser window to get more information on Income Tax Filing:- www.transtutors.com/homework-help/finance/income-tax-faling.aspx
Eight Issues to watch out for as-blog-ppt.pptxEnrolled Agent
Tax season comes with stress, and one could make mistakes. Some of these errors could be simple, but they can cost you a lot- you may lose out on a larger refund, incur interest and penalties, or an audit could show up! To prevent situations like this, you should avoid errors on your tax returns.
Five Tax Tips on Making Estimated Tax PaymentsAlexaGabriel1
Beginning in 2017, taxpayers using a software product for the first time may need their Adjusted Gross Income (AGI) amount from their prior-year tax return to verify their identity. Log on http://www.etservicesva.com/
If someone helps you do your taxes, you're not alone. The IRS asks you to choose your tax return preparer wisely – for good reason. You are responsible for the information on your income tax return. That’s true no matter who prepares your return. Here are ten tips to keep in mind when choosing a tax preparer:
We acquire many of our customers through referrals from
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our business, there are other reasons why we appreciate referrals.
When a client thinks enough of us to recommend
our services to a family member, friend, or co-worker, we
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more random marketing efforts.
Maximizing Your Tax Refund: Strategies to Boost Your ReturnsThe Kalculators
When tax season approaches, many individuals eagerly anticipate receiving a tax refund. A tax refund is the amount of money returned to you by the government when you've paid more in taxes than your actual tax liability. However, to make the most of this opportunity, it's crucial to understand effective strategies for maximizing your tax refund. In this blog post, we will explore several actionable tips that can help you boost your tax refund and put more money back in your pocket.
While paying income tax is essential, the filing of the income tax return is equally critical. The Income Tax Department has taken steps to simplify the process of e-filing of Income Tax Return (ITR).
5 Ways Your Small Business Could Incur The Wrath Of The IRS.pptxRalfHeyer
There isn’t a business owner out there who doesn’t know that by not paying their taxes, they’re going to attract the attention of the IRS. But what about those times when business owners are questioned by the IRS over tax issues they knew nothing about?
WZWU provides top-notch Audit services Singapore, delivering meticulous financial assessments and comprehensive reviews. With a team of skilled auditors and in-depth industry knowledge, we ensure accuracy and compliance with regulatory standards. Trust our expertise to analyze your financial records, identify potential risks, and offer valuable insights for optimal business decisions. For a seamless and efficient auditing process that boosts your confidence in your financial standing, partner with WZWU. Our tailored solutions cater to your unique needs, whether you're a large corporation or a small business. Explore our services today, whether for residential or commercial purposes.
In this Forbes Bankable webinar, tax attorney and Forbes senior editor Kelly Erb offers the tips and tools that you need to make tax season a lot less painful.
This presentation helps one to learn the process of e filing of Income Tax return in India. This learning can be utilise as profession as tax consultant to students of commerce field.
With the help of this presentation one can learn e filing of Income Tax Return and can start his/her own practice as agent for filing of income tax returns
Taxpayers who pay work-related expenses out of their own pocket may be able to deduct them. Generally, employee business expenses are deductible if they are more than two percent of adjusted gross income. In most cases, they go on IRS Schedule A, Itemized Deductions.
If you are looking for a job in the same line of work this year, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job:
A new federal law moves up the W-2 filing deadline for employers and small businesses to Jan. 31. The new law makes it easier for the IRS to find and stop refund fraud. It also delays some taxpayer refunds. Those taxpayers claiming the Earned Income Tax Credit or the Additional Child Tax Credit won’t see refunds until Feb.15, at the earliest.
Report any gambling winnings as income on your tax return. Be sure you itemize to deduct gambling losses up to the amount of your winnings. If you are a casual gambler, these tax tips can help:
Did you move due to a change in your job or business location? If so, you may be able to deduct your moving expenses, except for meals. Here are the top tax tips for moving expenses.
How you report the income from hobbies is different from how you report income from a business. There are special rules and limits for deductions you can claim for a hobby. Here are five basic tax tips you should know if you get income from your hobby:
With hurricane season underway, the IRS offers advice to those impacted by storms and other natural disasters. Here are some tips to help you prepare for such events:
With all the planning and preparation that goes into a wedding, taxes may not be high on your summer wedding checklist. However, you should be aware of the tax issues that come along with marriage. Here are some basic tips to help with your planning:
If you are in the U. S. Armed Forces, there are special tax breaks for you. For example, some types of pay are not taxable. Certain rules apply to deductions or credits that you may be able to claim that can lower your tax. In some cases, you may get more time to file your tax return. You may also get more time to pay your income tax. Here are some tips to keep in mind:
Tax scammers work year-round; they don’t take the summer off. The IRS urges you to stay vigilant against calls from scammers impersonating the IRS. Here are several tips from the IRS to help you avoid being a victim:
The Internal Revenue Service has some advice for taxpayers that may prevent them from being the victim of a tax scam: Don’t be fooled by scammers. Stay safe and be informed. Here are some of the most recent IRS-related scams to be on the lookout for:
You may be tempted to forget about your taxes once you’ve filed but some tax planning done now may benefit you later. Now is a good time to set up a system so you can keep your tax records safe and easy to find. Here are some IRS tips to give you a leg up on next year’s taxes:
If you get income from tips, you should know some things about tips and taxes. Here are a few tips from the IRS to help you file and report your tip income correctly:
Money you paid for higher education in 2015 can mean tax savings in 2016. If you, your spouse or your dependent took post-high school coursework last year, there may be a tax credit or deduction for you. Here are some facts from the IRS about key tax breaks for higher education.
The Child Tax Credit is an important tax credit that may save you up to $1,000 for each eligible qualifying child. Be sure you qualify before you claim it. Here are five useful facts from the IRS on the Child Tax Credit:
Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of the income tax you may have to pay. Here are a few key points to know about taking an early distribution:
A name change can have an impact on your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay your refund. Here’s what you should know if you changed your name:
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
1. Nine Common Filing Errors to Avoid
The IRS encourages taxpayers to
file an accurate tax return. If a
taxpayer makes an error on
their return, it will likely take
longer for the IRS to process it.
This could delay a refund.
Avoid many common errors by
filing electronically. IRS e-file is
the most accurate way to file
a tax return. All taxpayers can
use IRS Free File at no cost.
Here are nine common errors to
avoid when preparing
a tax return:
2. Missing or Inaccurate
Social Security
Numbers.
•Be sure to enter each SSN on
a tax return exactly as printed
on the Social Security card.
Misspelled Names.
•Spell all names listed on
a tax return exactly as listed
on that individual’s Social
Security card.
Filing Status Errors.
•Some people claim the wrong
filing status, such as Head of
Household instead of Single.
•The Interactive Tax Assistant
on IRS.gov can help taxpayers
choose the correct status. E-
file software also helps
prevent mistakes.
3. Math Mistakes.
•Math errors are common.
They range from simple
addition and subtraction to
more complex items.
Transactions like figuring the
taxable portion of a pension,
IRA distribution or Social
Security benefits are more
difficult and result in more
errors.
•Taxpayers should always
double check their math.
Better yet, tax preparation
software does it automatically,
so file electronically.
Errors in
Figuring Tax Credits or
Deductions.
•Filers can make mistakes
figuring their Earned
Income Tax Credit, Child and
Dependent Care Credit, the
standard deduction and
other items. Taxpayers need
to follow the instructions
carefully.
•For example, if a taxpayer is
age 65 or older, or blind,
they should be sure to claim
the correct, higher standard
deduction.
The IRS Interactive Tax
Assistant can help
determine if a taxpayer is
eligible for tax credits or
deductions.
Incorrect Bank Account
Numbers.
•The IRS strongly urges all
taxpayers who have a
refund due to choose direct
deposit. It’s easy and
convenient. Be careful to
use the right routing and
account numbers on
the tax return. The fastest
and safest way to get a
refund is to combine e-file
with direct deposit.
4. Forms Not Signed.
• An unsigned tax return
is like an unsigned
check – it’s not valid.
Both spouses must
sign a joint return.
Taxpayers can avoid
this error by filing
their return
electronically. Sign an
e-filed tax return
digitally before
sending it to the IRS.
Electronic Filing PIN
Errors.
• When e-filing, the taxpayer signs
and validates the tax return
electronically with a prior-year Self-
Select Personal Identification
Number. If they do not have or
know their PIN, they should enter
the Adjusted Gross Income from
their 2015 tax return originally filed
with the IRS. Taxpayers should keep
a copy of their tax return.
• Beginning in 2017, taxpayers using a
software product for the first time
may need their Adjusted Gross
Income (AGI) amount from their
prior-year tax return to verify their
identity. Taxpayers can learn more
about how to verify their identity
and electronically sign tax returns
at Validating Your Electronically
Filed Tax Return. Do not use the AGI
amount from an amended return or
a return that the IRS corrected.
Filing with an expired
ITIN.
•A tax return filed with an
expired Individual Tax
Identification Number (ITIN)
will be processed and treated
as timely filed, but will be
processed without any
exemptions or credits claimed.
Taxpayers will receive a notice
from the IRS explaining that an
ITIN must be current before
any refund is paid. Once the
ITIN is renewed, exemptions
and credits are processed and
any allowed refund paid.
ITIN expiration and
renewal information is
available on IRS.gov
5. Additional IRS Resources:
• Interactive Tax Assistant
• IRS Free File
• IRS Tax Map
• IRS Tax Trails
• Get Your Electronic Filing PIN
IRS YouTube Videos:
• Welcome to Free File – English
• Tax Return Errors – Tips to Avoid
Them – English | Spanish | ASL