Quickbooks, Bookkeeping and Accounting Blog

The IRS has a list of common errors people make when preparing their tax returns on their website. Check it out at http://www.irs.gov/taxtopics/tc303.html.

 Some of the most common errors people make are:

• Missing or incorrect social security numbers.
• Entering the wrong tax from the tables.
• Computation errors in calculating the earned income credit or the child and dependent care credit. Also, incorrect  or missing identification numbers for child care providers.
• Entering withholding and estimated tax payments on the wrong line.
• Math Errors. Check your addition and your subtraction.

Mistakes can significantly delay the processing of you tax return, so take the time to review your work!