Combine procrastination with rushing to meet deadlines, and you’re likely to make costly mistakes on your income tax returns. Errors can cause a delay of a much-anticipated refund or worse, trigger an IRS letter asking for more information. Tax service agents share here the most common errors.

The 4 Most Repeated Tax Filing Mishaps

1. Using the Wrong Filing Status

Listing the incorrect one on your return may result in a higher tax bill or an underpayment, which can carry interest and penalties. If you’re unsure or a life change has occurred that may affect your filing status, an experienced tax service agent will offer guidance. There are five filing categories: head of household, qualifying widow or widower with a dependent child, single, married but filing separately, and married and filing jointly.

2. Forgetting to Sign

The IRS only considers tax returns to be completed and submitted if they are signed. When signatures are forgotten, the documents are invalid. If you’re married, both spouses must sign the returns. Neglecting to include your John Hancock can trigger late submission penalties if the returns were sent close to the federal and state filing deadlines.

3. Listing Mismatched Social Security Numbers

Tax service agents say entering the wrong Social Security numbers continues to be a common issue. If these important identification figures don’t match up with what the IRS has on file, your return will bounce back. Take the time to check and double check all numbers — including your children’s, if applicable.

4. Entering Incorrect Bank Information

One of the benefits of filing your income tax return electronically is getting your refund direct deposited in your bank account. E-filing is also faster than paper returns sent through the mail. Unfortunately, taxpayers may cause serious delays if they fail to enter their bank or credit union’s routing and account numbers correctly. Worse, a refund may end up deposited into someone else’s account.

The office of Clark W. Terrell, CPA in Crossett, AR, understands how stressful tax season can be. That’s why the team of experienced tax service agents specialize in preparing meticulous and accurate returns. They always offer expert personalized attention as well as competitive rates and extensive knowledge of federal and tax codes. If you live in Ashley County or the Crossett, Hamburg, and Monticello areas, call (870) 364-5006 to schedule an appointment. You can also get details online about other services, including business tax preparation.