Check The Details When Preparing Taxes
Warning by Florida Tax Attorney Highlights Importance of Checking Details When Preparing Taxes
Taxpayers should pay attention to every detail of their tax returns, according to Florida tax attorney Mary E. King.
That's because attorney Mary E. King said a variety of simple mistakes — including math errors, absentmindedness, inaccuracies as a result of rushing to complete returns, etc. — can all lead to nightmare scenarios if the Internal Revenue Service (IRS) targets them for an audit.
"Taxpayers should prepare their returns as if they were interviewing for a job,"Mary E. King said. "Like a job applicant wanting to make a favorable impression and be honest about their background, taxpayers should prepare returns that are complete and that they know are correct."
Attorney Mary E. King suggested several tips that taxpayers should remember to assure their returns are free of mistakes that include:
- Always using a calculator when preparing returns. This is important even for the simplest of additions or subtractions because a minor mistake can snowball into a larger one in terms of the final amount reported on a return.
- Taxpayers should never complete returns when they are tired or rushed. Attorney Mary E. King said that doing so can result in mistakes that may be minor but, as with math problems, IRS tax problems can worsen later as a result of their initial error.
- Don't begin a return until all information is available. This includes documentation such as W2 forms, collection of sales receipts, cancelled checks, etc. Beginning a return before all needed information is available leads to unintentionally omitting it.
"Preparing a tax return that is detailed isn't difficult," Attorney Mary E. King said. "But the process involves organization and avoiding simple mistakes such as math errors."
If you have questions about an IRS issue or are facing an IRS audit, please call attorney Mary E. King to schedule a free consultation to learn more about your legal rights at (941) 906-7585.
June 16, 2010 by Mary E King Florida Tax Attorney...
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posted by Mary E. King on Wed., Jun 16th, 2010 in A Tax Expert Matters Florida IRS Tax Attorney Florida Tax Attorney Income Tax Legal Services Tax Law Tax Solutions |
