Mistakes to Avoid When Filing Taxes this Year

The time has come to start thinking about that dreaded April deadline. Mistakes happen every year and the IRS punishes people for these mistakes. Certain mistakes are much more common than others. Let’s go through some of the main mistakes you must be sure to avoid when filing taxes this year.MonopolyIncomeTax

Not Filing at All

Don’t miss the deadline. A huge number of people do it every year. Mark down the deadline and complete as much of the work in advance as possible. If you are struggling, hand the responsibility to a tax professional.

Enter All Information Correctly

Avoiding a mistake when it comes to your social security number is critical because that is the number that connects you to your taxes. Get it wrong and your whole return goes out of the window.

Errors in Calculating Figures

The most common errors occur when it comes to making basic calculations. These math mistakes can be either intentional or accidental. Of course, if they are intentional this is tax fraud. Accidental mistakes are easily avoided by checking your figures more than once.

The Wrong Deductions

Deductions can make the issue even more complicated. If you make the wrong deductions, or you deduct an incorrect amount, you will have the IRS on your back. They may give you a refund, only to uncover something during an audit that could require a further unexpected payment to the IRS.

Mistakes are Easily Avoided

It’s easy to avoid mistakes if you’re careful. The solution is to check your figures repeatedly before submitting them. We recommend getting a professional to examine your calculations. They will soon be able to tell you if you have made any mistakes.

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johnAbout john
Seattle CPA+John Huddleston has written extensively on tax related subjects of interest to small business owners. He is a graduate of Washington State University and the University of Washington School of Law.

Huddleston Tax CPAs of Seattle & Bellevue
Certified Public Accountants Focused on Small Business

(800) 376-1785
40 Lake Bellevue Suite 100, Bellevue, WA 98005

Huddleston Tax CPAs & accountants provide tax preparation, tax planning, business coaching, Quickbooks consulting, bookkeeping, payroll and business valuation services for small business. We serve Seattle, Bellevue, Redmond, Tacoma, Everett, Kent, Kirkland, Bothell, Lynnwood, Mill Creek, Shoreline, Kenmore, Lake Forest Park, Mountlake Terrace, Renton, Tukwila, Federal Way, Burien, Seatac, Mercer Island, West Seattle, Auburn, Snohomish and Mukilteo. We have a few meeting locations. Call to meet John Huddleston, J.D., LL.M., CPA, Tawni Berg, CPA, Jennifer Zhou, CPA, Jessica Chisholm, CPA or Chuck McClure, CPA. Member WSCPA.