Share:

With ready access to online tax preparation software, more and more people are choosing to do their own taxes. While many of these programs are adept at helping you find all of the deductions you qualify for and avoid mistakes, many taxpayers still make errors that can delay their returns and result in serious financial consequences later. Erie & Associates, P.C., one of Texarkana's leading CPA firms, lists some of the most common mistakes and how to avoid them.

When preparing your taxes, remember to:

tax preparation

  • Check Your Math: Simple arithmetic errors can lead to major trouble with the IRS, especially if they qualify you for credits you didn't actually earn or a bigger refund than you deserve. Before submitting your return, make sure your numbers are accurate.
  • Notify The IRS About Name Changes: If you've gotten married or divorced in the last year, make sure you notify the IRS of any name changes. If the name on the return doesn't match what they have on file, they may delay your return or reject it entirely.
  • Double-Check Your Account Information: Incorrectly entered direct deposit information can be a disaster. If the IRS deposits your refund into the wrong account, there may be nothing they can do to get it back.
  • Hire A Professional: You can avoid mistakes by hiring an accountant with updated knowledge of the most recent changes to the tax code. Erie & Associates, P.C. has an established reputation for high-quality service and expertise. With their help, you'll get every deduction you qualify for and the largest refund possible.

Avoid delays or penilization with the IRS. File your taxes right the first time with Erie & Associates, P.C. You can visit them online now to learn more information, or call (903) 792-6651 to make an appointment today.

tracking