Posts Tagged ‘avoiding mistakes’

Always Avoid Errors and Mistakes When Filing Any Tax Return!

Thursday, April 14th, 2011

Perhaps Pogo was years ahead of his time in 1970 when he said, “We have met the enemy and he is us!”   Technology has provided us with a vast array of  improvements in our lives, but it’s also a faster reminder that we are all human when it comes to identifying our mistakes.  The challenge for all of us who are living in the 21st century is to minimize those mistakes, especially when we are preparing and filing any report, especially a tax return.

When you file a tax return the data in the return is matched and compared with the information in a myriad of data bases at the Federal and State levels.  Many other Government agencies have information on your student loan delinquency or default, the Social Security Administration has different information from your account there, etc.   This article provides several tips and recommendations to avoid several common errors or mistakes, and perhaps some very unpleasant consequences.

  1. Your name is Mary Jones on your social security card and your account with the Social Security Administration.  You have been married for 15 years to Ed Smith but have never updated your records with the Social Security Administration.  Don’t use the name Mary Smith on your tax returns.  You’re still Mary Jones to the U.S. Government.
  2. The electronic filing system (e-file) is very accurate and responsive.  If there is an error you’ll be notified immediately.
  3. If you have either a complicated tax issue or one that you are not absolutely sure of the information that is required (or the reports that must be filed), contact the Federal or State agency that requires the report and request assistance. 
  4.  If you’re still not confident of yourself or have additional complexities in the situation, contact a reputable tax preparer or CPA who has knowledge and experience in the specific area of your problems.  Before you engage this person’s services, check their qualifications, reputation, and determine if there are any licensing issues with the state regulatory agencies.  Always ask for references.   (more…)