Common Modern Tax Mistakes to Avoid This Year - The Daily Scroll

Are you making costly taxmistakes without even knowing it? In this episode of Gimme Some Truth, tax pros from WC Tax Services reveal common personal and bus... But a few commonmistakes can cost you big. Here's what I see every year, and what you should actually do instead: DO these things: 1. File early, even if you owe. Early filers are less vulnerable to tax identity theft. It’s that time of year again. Get ready to break out the calculator and pencils; dig out the enormous pile of receipts, tax forms and pay stubs, and get to work. Yet each year, loads of Americans do just that. Specifically, the IRS reports that filers commonly make the following mistakes: Entering the wrong Social Security number. Putting down an incorrect filing status. Here are the top 5 taxmistakestoavoidthisyearAt Lightening the Load, we’re committed to helping you avoidthesecommon errors and ensure your tax return is accurate and complete. The first commontaxmistaketoavoid is failing to keep accurate records. Keeping track of your income, expenses, and deductions throughout the year is crucial for accurately filing your taxes.Another commontaxmistaketoavoid is waiting until the last minute to file your taxes. Maximizing Tax Deductions 2017.