Be Careful of Tax Mistakes


Although paying taxes is an unavoidable reality, you can take measures to ensure that you are not paying more than you should. The easiest and most safest method is to guard against making common mistakes while you are filling out your forms.

To avoid this situation it is wise to trim expenses and increase the amount of surplus money. A perfect opportunity to accomplish these goals comes around every year at tax time. Check for math errors and always make sure and double check your calculations. Make sure that your forms have the correct address since if the address is listed improperly the government would have no way of forwarding a refund check. If you move make sure and provide a forwarding address.

If you owe money, be sure to make the checks payable to the U.S. Treasury and provide accurate social security numbers, not only for you, but for your spouse and children. A failure to adequately provide the numbers in each requested location can result in confusion during processing. Make sure you sing and date the forms since failure to do so will result in a refusal by the government to process it. Apply the proper postage since failing to do so will result in the forms being returned to your home address. If you waited until the last minute to mail your returns this could end up causing late fees. Keep copies of all the information for your own files in case there is ever a question in the future.

Guarding against common tax mistakes will help ensure that you do not pay any more than you have to. In fact, these precautions may even help you receive a refund to increase savings.

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