Every year tax season in the United States is a time when citizens have to fulfill their taxpayer obligations to the IRS. This means that all citizens need to file their tax return. The obligation to make the tax return is for almost all citizens, so do not forget to do it before the tax season is over. Otherwise, a delay in sending the tax return may result in a financial penalty.
Regardless of whether we do the tax return on time or not, there are other mistakes we can make. We can be in serious trouble with the IRS if we make one of these mistakes. While it is true that not all of the mistakes are very serious, a large portion of them are. And they all have a very easy solution, so avoid making them so you don’t run into very big problems in the future.
Don’t forget that in case you need help you can always hire an advisor to send the tax filing. What you do have to do is to make sure that this advisor works legally with the IRS. Have you already sent your tax return? Check first to make sure you have not made these mistakes.
Tax return errors that get you in trouble with the IRS
These mistakes can be corrected very easily, so pay attention not to make them. In case of making these mistakes when sending the tax return to the IRS, we could have an economic fine, an audit or some different penalty.
- Mistake when writing your name. If you write your name with mistakes you will have problems with the IRS. Pay attention when writing, either through a keyboard or handwriting.
- Misspelling the address. As with the name, misspelling the address can cause our tax return to get us into trouble.
- Making a mistake with the bank account. As for the data, you must watch out to write them all correctly. If we put the wrong bank account, the IRS could completely paralyze our tax return and even give us a financial penalty.
- Not signing the forms. This mistake is more common than it seems and can delay a lot our tax return with the IRS. If we do not sign the forms, they will not be valid, so we will have to do the tax return again.
- Incorrectly calculating taxes. Math errors are more common than we think. And unlike the previous mistakes, this type of error can be very serious. We may make a mistake unintentionally, but that can cause us to have an audit in the end. Check all the numbers very well before sending the tax return.
In general, the recommendation to avoid problems with the IRS is to check our tax return several times before sending it. Check that your data is complete, that your Social Security number has no errors and that the mathematical calculations are correct. All the information must be perfect to avoid an audit or a financial penalty.