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With
the backlog of tax return filing due to late changing tax laws, want to ensure
your refund gets to you in the shortest amount of time? More importantly, how
can you avoid receiving a letter from the IRS? Here are some of the most common
tax filing mistakes:
Forgetting
a W-2 or 1099: The IRS does an effective job in comparing W-2s and 1099s they
receive from organizations to the amounts you claim on your tax return. If they
do not match, rest assured you will receive a notice in the mail asking for
clarification.
Duplicate
dependent reporting: If more than one tax return claims the
same person as a dependent, the second return will be rejected. The IRS does
not try to determine which tax return is correct. They leave that up to you.
Forgetting
a name change: If you fail to change your name with Social Security after
marriage and you file a tax return with your "new" last name, be
prepared for either a rejected tax return or an adjusted tax return.
Other
missing information: When preparing your tax return, often the
return is held up because key information is missing. These missing items range
from property tax and mortgage interest statements, to 1099s and W-2s.
Signing the e-file
authorization form: Your tax return cannot be e-filed without proper
authorization. After reviewing your return, a properly signed Form 8879 must be
received.
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