1.
Nice guys finish last according to the IRS
Even if you pay for someone else's dinner on a business trip the IRS doesn't care. You only get to deduct your own expense.
1 point - added 1 year ago by JanetK -
2.
Asking a librarian or postal worker tax questions.
Just because they provide the tax forms they cannot give tax information. If they do; chances are good they will be wrong.
0 points - added 1 year ago by JanetK -
3.
Filling out the wrong tax form
Check with the IRS website if you have questions.
0 points - added 1 year ago by JanetK -
4.
Not using an itemized form
Yes, I agree its a little more work but, you will get more back in your return.
0 points - added 1 year ago by JanetK -
5.
Not listing medical expenses
The IRS allows for some of this to be deducted.
0 points - added 1 year ago by JanetK -
6.
Taking off too much or not enough for business supplies.
0 points - added 1 year ago by JanetK -
7.
Deducting association or club fees
Some tax payers forget this altogether.
0 points - added 1 year ago by JanetK -
8.
Incorrect deductions for business related expenses.
Check with the tax code on what items are deductible.
0 points - added 1 year ago by JanetK -
9.
Missing information on donations made to charities.
The charities are supposed to have the same information that you do.
0 points - added 1 year ago by JanetK -
10.
Failing to provide information on change in marital status.
0 points - added 1 year ago by JanetK -
11.
Error on capital gains.
Selling stock or other investments needs to match up with what the bank has.
0 points - added 1 year ago by JanetK -
12.
Missing information on interest earned and dividends
0 points - added 1 year ago by JanetK -
13.
Caluclation Errors.
0 points - added 1 year ago by JanetK -
14.
Putting the wrong information in the wrong place.
Other than math mistakes this is the most common error.
0 points - added 1 year ago by JanetK -
15.
Missing information on child care providers.
If you happen to use more than one child care provider it is easy to get confused.
0 points - added 1 year ago by JanetK -
16.
Errors in calculating educational expenses
Colleges and Universities Should be able to answer all your questions here.
0 points - added 1 year ago by JanetK -
17.
Errors in calculating child care expenses.
Sometimes the day care center can make a mistake and mess things up for you.
0 points - added 1 year ago by JanetK -
18.
Using the wrong tax table.
0 points - added 1 year ago by JanetK -
19.
Not putting the social security numbers of your children when you list them as deductions.
The IRS has accused me of fabricating my children.
0 points - added 1 year ago by JanetK -
20.
Incorrect Social Security Numbers
0 points - added 1 year ago by JanetK -
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