Common IRS Tax Problems Covina Taxpayers Should Avoid

By Essie Osborn


Technology has greatly improved the process of filing returns in many nations of the world. According to the IRS, since introduction of the tax preparation software there has been great improvement in accuracy. Many people do not make as many errors as before. However, some common issues remain and one ought to learn how to avoid them. By having knowledge of these IRS tax problems Covina taxpayers can work hard to avoid them thus making the filing process easier.

Some of the changes in taxes get many citizens off-guard. Without knowledge of these, one is bound to come up with returns that do meet the current regulations. This complicates the process. Nevertheless, special cases are not the only reason for problems with the IRS, as many people overlook simple tasks and end up in serious issues. Here are some more of the common mistakes taxpayers make and how to keep off them.

For instance, improper calculations may easily land you into problems. This is a common one year in year out even with the software. In any case, you have to fill initial values correctly for you to get correct results. Miscalculations can earn you different issues including reduction in levy refund, increase in taxes you owe, and urgent correction notice, among others.

Still on calculations, be keen about computation errors. These result when one does not treat some entries correctly. For example, one may not know how to calculate amount of money deductible for people over the age of 65 years or the blind, and others. Another entry that could complicate issues is Earned Income credit. Find help with a qualified professional if you are not competent to work out these on your own.

Other than the numbers, misspelling of names or giving wrong names will also land you into trouble. Your names, those of your spouse and children should match your levy identification number according to social security administration records. Such errors will slow the process of your taxes. You can avoid this by alerting the Social Security Administrations in good time when you change your names may be due to marriage or so.

It is also important to make sure your social security number is recorded correctly in the IRS database. Today, each taxpayer in Covina, CA has distinct levy identification numbers to curb issues around identity theft. However, this ID is attached to your social security details thus making it necessary to give the correct one. Otherwise, you may take long to have your returns filed successfully if any of these numbers do not show up.

If you are among the people who choose multiple accounts for refunds, then record the information correctly. This is a great way to save money on your refunds; however, a single error can cause you all your money. You could opt for the 8888 Form and make sure the details for each account are filled keenly.

Make sure you work within the deadline. Failure to meet deadline not only attracts fines, but also increases chances of committing all those mistakes mentioned above. This is because you are likely to work under pressure. An alternative is to file a 4868 form with the IRS requesting for more six months.




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