Filing taxes can be complex, and even small mistakes can lead to audits or delayed refunds. Here
are the most common errors and how to avoid them.
- Incorrect Personal Information
Ensure your Social Security number, name spelling, and bank account details are accurate to
avoid processing issues. - Forgetting Income Sources
Report all income, including freelance gigs, rental earnings, and investment gains. Omitting
income can trigger IRS red flags. - Misclassifying Workers
Businesses often misclassify employees as independent contractors. Understand the IRS
guidelines to stay compliant and avoid penalties. - Missing the Deadline
File your return or an extension before the deadline to avoid interest and penalties. Set reminders
and work with a tax professional if needed.
