Tax Lawyer St. Augustine, FL
If you need assistance with your tax return, you may want to consult a tax lawyer St. Augustine, FL residents trust from Crepeau Mourges. Tax laws can be complicated and it’s possible to make mistakes. Here are some common mistakes to avoid on your tax return.
Selecting the Wrong Filing Status
On your tax returns, you can choose from five filing statuses: single, married filing jointly, married filing separately, head of household and qualifying widower. Choosing the correct filing status is one of the most basic and important aspects of doing your tax return. However, some people get it wrong. If you select the wrong filing status, it could affect how much in taxes you pay and your tax credits.
Entering the Incorrect Routing or Account Number
Many people choose to have their tax refunds directly deposited into their bank accounts. However, if you enter the wrong routing or account number, you will be waiting much longer for your refund. To avoid delays, double check your routing and account numbers before submitting your tax return.
Forgetting to Claim Deductions
When filing your taxes, it’s always wise to consider all the deductions you may be eligible for. After all, you don’t want to miss out on getting money you’re entitled to. For example, if you have a home office in your house, you may be able to claim a home office deduction.
Missing the Deadline
Sometimes people’s lives may get busy and they may forget to file their taxes on time. Unfortunately, as a St. Augustine tax lawyer can confirm, the IRS may issue a fine if you miss the deadline.
Forgetting to Sign Your Tax Return
This is another common mistake people make when filing their taxes. They may rush through the paperwork and forget something simple, such as signing their name on the bottom of the return. If you send in your return without your signature, the IRS will return it to you and require you to return it with a signature. That is why you should double check everything before submitting your return.
Misspellings
If the names of the taxpayer, spouse or children don’t match the tax identification number that the Social Security Administration has, your tax return could get returned.
If you need help with your tax return, schedule a meeting with a tax lawyer in St. Augustine from Crepeau Mourges today.