3 Common Tax Mistakes that Can Be Easily Avoided

Almost every year a large number of Americans make silly mistakes when filing their taxes and which can be avoided completely with a little more attention to detail.

So, here are 3 common tax mistakes that can be easily avoided:

#1: Not signing and dating the return

This is the simplest mistake that most people make and can be easily avoided. Do you think the IRS would miss a signature? Of course, not signing a form or dating it is actually the same as not filing your returns at all. If you are filing a joint return, both spouses have to sign and date the return. Forgetting this will not incur a penalty but also result in higher interests to be paid if certain amounts aren’t paid in full.

#2: Omitting or Using Wrong Social Security Number

If the Social Security numbers hand-written on your tax return don’t match that on the IRS database, and then this might result in the IRS rejecting all your debits and credits. Of course, bad handwriting is not the only culprit here as entering the correct data into machines at the IRS can get you in trouble just as much.

#3: Not Using Correct Forms and Schedules

It’s fair to consider the IRS to be a bureaucracy that uses outdated software to authorize audits of certain individuals for whatever reason. Failing to fill out the right forms will result in an audit that you can’t get out of even if it is totally unnecessary.

One example of this is when you forget to Form 2106 to Schedule A, and which will result in computer clicks which when added up for numerous mistakes will ensure that an audit on your finances will occur sooner rather than later. So, use the right forms and schedules in order to avoid this.