Most Common Tax Return Filing Problems and How To Solve Them in Houston, Texas
Many of the most common tax return filing problems are small keying errors that are very easily corrected. The big problem is, once you file your taxes with the IRS, these small problems cause (at minimum) a delay processing of your return and can ultimately cost you hard earned money. The IRS has outlined several of the most common filing problems they see year after year.
A few of the most common tax return problems are:
1. Inaccurate or missing social security numbers. Social security numbers on your return must match those in the Social Security Administration database. This is especially important for child tax credits. Also, be sure that you are using the correct identification numbers for child care providers.
2. Incorrect tax information entered based on taxable income and filing status. Choose the correct filing status for the year and make sure that it is consistent throughout your return.
3. Basic computation errors are very common mistakes. Double check your numbers and use online software when possible. Areas of your return that are particularly vulnerable to computation errors are taxable income, withholding and estimated tax payments, Earned Income Credit, Standard Deduction for age 65 or over, the taxable amount of social security benefits, and child and dependent care credit.
4. Withholding and estimated tax payments entered on the wrong line.
5. Forgetting to sign and date your return – you are required to sign your return even if you are submitting electronically. Thousands of returns are submitted to the IRS each year without signatures. Solving these problems is easy and straightforward and often just takes a little extra time and care. The IRS suggests reviewing your entire return once it is complete and before it is filed to minimize these simple errors and avoid a delay processing your return. In addition to this, we also suggest actually going back to your original tax documents (W-2s, 1099s, etc.) to double check that the numbers you have entered on your return (paper or electronic) are accurate. This may take an extra ½ hour, but could save you time, money and major headaches down the road. Completing and submitting your tax return online also prevents many of these small errors. Tax preparation software can catch many of these potential problems and prompt you for the correct information. In addition, there are many instances in which it is in your best interest to enlist the help of a tax firm for tax preparation, audit services, back taxes and when you have been contacted by the IRS about a serious tax problem.
Success Tax Relief is a tax firm dedicated to supporting clients in the Houston, TX area, as well as across the country. We are a leader in providing strong customer service and working with the IRS to provide solutions for our clients. We are located in the Houston, TX area but also have significant experience with providing tax relief to customers in all 50 states. Call us today at 877-825-1179 to speak with one of our experienced tax relief specialists.