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 12 years 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 12 years ago by JanetK -
3.
Filling out the wrong tax form
Check with the IRS website if you have questions.
0 points - added 12 years 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 12 years ago by JanetK -
5.
Not listing medical expenses
The IRS allows for some of this to be deducted.
0 points - added 12 years ago by JanetK -
6.
Taking off too much or not enough for business supplies.
0 points - added 12 years ago by JanetK -
7.
Deducting association or club fees
Some tax payers forget this altogether.
0 points - added 12 years ago by JanetK -
8.
Incorrect deductions for business related expenses.
Check with the tax code on what items are deductible.
0 points - added 12 years 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 12 years ago by JanetK -
10.
Failing to provide information on change in marital status.
0 points - added 12 years 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 12 years ago by JanetK -
12.
Missing information on interest earned and dividends
0 points - added 12 years ago by JanetK -
13.
Caluclation Errors.
0 points - added 12 years 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 12 years 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 12 years ago by JanetK -
16.
Errors in calculating educational expenses
Colleges and Universities Should be able to answer all your questions here.
0 points - added 12 years 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 12 years ago by JanetK -
18.
Using the wrong tax table.
0 points - added 12 years 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 12 years ago by JanetK -
20.
Incorrect Social Security Numbers
0 points - added 12 years ago by JanetK -
Similar Top lists
| Category | Ranked | Added by | |
|---|---|---|---|
| Best Iranian Girl Names | People | 161 items | Mina |
| Biggest US Cities | People | 21 items | JBernier |
| Top Weirdest Traditions | People | 20 items | Titania |
ShareRanks is about ranking things that are top, most, greatest, or even worst in all categories.
Use arrows to rank one item in Biggest Tax Preparation Mistakes vs another.
Use arrows to rank one item in Biggest Tax Preparation Mistakes vs another.
Top 10 Biggest Tax Preparation Mistakes are especially marked