Here is a link to the IRS Podcast. The IRS reminds people that mistakes in a tax return can slow down the processing of your return. "Fewer mistakes means quicker refunds." Here is the list of items making the IRS' podcast:
- Incorrect social security numbers for filers or dependents. Double check your entry.
- Incorrect last names for filers or dependents. Make sure the names are as they appear on the social security cards.
- Incorrect filing status. There are 5 choices: Single, Married filing jointly, Married filing single, Head of household or Qualifying widow.
- Math errors. Tax software can eliminate this.
- Computational errors. If you're calculating any credits make sure you are using the correct amounts for things such as income as many credits are phased out for high-income earners.
- Incorrect bank account information. If you want direct deposit, make sure you have both the correct routing number and account number.
- Forgetting to sign the return. If you file by paper you and your spouse must sign. If you e-file, you must obtain a personal identification number to serve as the signature.
If you have any questions to this or any other entries, please leave a comment in the comment section.
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