Tax Return Errors

Did you know that if there’s a mistake on your tax return, it usually takes the IRS longer to process it? If you’re getting a refund, it’ll take longer for you to see the money. Fewer mistakes mean quicker refunds.

Here’s a list of the most common mistakes and how to avoid them:

1) Incorrect or missing Social Security Numbers – needs to match your Social Security card exactly

2) Incorrect or misspelled names for you or your dependents – needs to match your Social Security card exactly

3) Filing status errors – determine whether you should file as single, married filing jointly, married filing separately, head of household, or qualified widow/widower with dependent child

4) Math errors – doublecheck your math

5) Computation issues – avoid errors in issues like figuring out the Earned Income Tax Credit, Child Care credit, special standard deduction for blind people or senior citizens, and the taxable part of Social Security benefits

6) Incorrect bank account numbers – must be correct for direct deposit

7) Missing signatures and dates – both spouses must sign

If you e-file, you must use a personal PIN.

Find out all you need at IRS.gov.

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About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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