Avoiding Errors in Tax Filing

Last updated on October 1, 2022

Sometimes, unintentional errors such as a miscalculation on a tax return can lead to tax debt. To file an accurate tax return, taxpayers must double check all calculations and information provided in the form. Those taxpayers that get their tax return prepared by a preparer must also re-check the information to ensure it is correct.

Before filing the tax return, taxpayers must also check the Personal Tax Identification Number (PTIN) of the tax preparer. Without it, the IRS will not accept the return. To ensure that the information on the tax return is authentic, taxpayers must never sign the return before re-checking the information on it.

When filing taxes, taxpayers should only hire a legitimate tax preparer that has PTIN. The IRS has made it mandatory for every tax preparer to have a unique PTIN. It helps them to track tax preparers in cases of tax fraud.

Taxpayers must also check whether the tax credits and deductions they have claimed are correct. Many times, taxpayers claim tax credits and deductions that they do not qualify for. Although simple mathematical calculations are corrected by the IRS, in cases of incorrect claiming of tax credits and deductions, the IRS will ask the taxpayer to review and correct the information.

For correct filing of tax returns, taxpayers must keep themselves current with the tax laws and IRS policies even if they are using professional help to file tax returns.