Filing your taxes is never easy and can be very time-consuming, especially when mistakes are discovered before the final process. When using an electronic filing system instead of hiring a local tax professional to assist you with your tax preparation, it’s easy to make a mistake. In this blog, you will find a list of common mistakes taxpayers make when filing their taxes, which is why our professionals at JLW Tax & Bookkeeping Services highly encourage every taxpayer to consider professional assistance for all of their tax preparation needs.
When tax time rolls around, people often hurry to file their taxes and forget where they placed their W-2 or 1099 forms. This can create inaccurate income information on your tax return without proper documentation. If you file incorrect income amounts, you could potentially face a penalty. JLW Tax & Bookkeeping Services offers skilled tax preparers who will take the time to go over what credentials you will need, provide you with information on how to replace any lost documents, and help file an extension if you are close to the tax deadline and still need to track down any forms.
Incorrect Filing Status
Some residents in Springfield, IL have filed their taxes in the wrong filing status. Unfortunately, an incorrect filing status can affect your tax bracket, credits, deductions, and the amount you pay in taxes. With JLW Tax & Bookkeeping Services, our professional tax preparers will take the time to make sure you file in the correct filing status, so you don’t have to worry about missing out on any potential benefits or possibly overpaying because you marked yourself under the wrong status.
One of the most common mistakes found on tax returns is mathematical errors. With the different income credits and deductions, it can be easy to miscalculate a number and mess up your tax return. A simple math error can lead you to possibly pay more money in taxes than what you truly owe or lead you to spend a lot of your time trying to get the issue corrected with the IRS. With expert tax services, tax preparers can assist you by carefully and accurately calculating your amounts so you don’t have to stress about missed calculations on your tax return.
Missing a Signature
When a resident of Springfield, IL files their taxes, they will often miss including their spouse’s signature or their signature on one of the pages. With so many papers, missing a page that needs to be signed can be easy. If you miss providing your signature, the IRS will reject your tax return and ask you to file again. This can be a simple mistake but can start to become a time-consuming process. When you contact JLW Tax & Bookkeeping Services by calling 217.679.1872, our professionals will ensure every page is signed appropriately so you don’t have to stress about refiling your taxes once they are completed.