10 Common Mistakes in Filing Online Tax Returns in USA
By jayita, Gaea News NetworkWednesday, April 7, 2010
CALIFORNIA (GaeaTimes.com) — Tax returns in USA is used for calculating income tax or other taxes. Tax returns are one type of reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency. The easiest and convenient way for tax returns is Efiling. But while filing tax returns online people make several mistakes. Some of these errors may delay the processing of your return and refund. Lets delve into what are the most common mistakes we commit while efiling.
1. Social security number(s) incorrect, missing or don’t match name(s)
2. Incorrect or missing forms and schedules
3. Return not signed
4. Failure to take into account new tax laws, such as the Making Work Pay Credit.
5. Failure to report and pay domestic payroll taxes (if you are employing a housecleaner, in-home caregiver, nanny, etc.)
6. Entering the wrong amount of taxable Social Security benefits
7. Mailing your return to the wrong address
8. Claiming ineligible dependents
9. Incorrect filing status recorded
10. Failing to claim credits (Child Tax Credit, Earned Income Credit, etc.) or figuring credits incorrectly (because of not understanding credit eligibility or incorrect calculations)
To avoid such mistakes you should be careful about following things.
Review your entire return.
Use the correct mailing address if you choose to mail a paper return.
Choose an alternative tax preparation method, and avoid the most common errors.
Note: For an easy efiling of tax returns you can use H&R Block At Home online or software tax programs or the services of an H&R Block tax professional.
