Thursday, December 27, 2007

Simple Mistakes Can Be Costly.

Nobody wants to make a mistake on their tax return, we all know that small mistakes can make our taxes unnecessarily complicated. Small mistakes, like incorrect or missing social security numbers, can delay processing of your refund, cause you to pay more taxes than you should or lead to a letter from the IRS saying that the refund they sent you shouldn’t have been issued and they want it back (inevitably after you’ve bought that new big screen tv), oh and you owe them interest and penalties as well.

Below is a list of the 5 most common mistakes people make on their tax returns, according to our friends at the IRS:

Read the rest here.

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