TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Monday, March 26, 2007

IRS Names 16 Most Common Tax Return Mistakes

Irs_logoThe IRS today issued Notice 2007-35, 2007-15 I.R.B. ___ (4/9/07), which lists the most common mistakes taxpayers make in preparing their tax returns:

  1. Choosing the wrong filing status
  2. Failing to include or using incorrect Social Security numbers
  3. Failing to use the correct forms and schedules
  4. Failing to sign and date the return
  5. Claiming ineligible dependents
  6. Failing to file for the Earned Income Credit
  7. Improperly claiming the Earned Income Credit
  8. Failing to report and pay domestic payroll taxes
  9. Failing to report income because it was not included on a Form W-2, Form 1099, or other information return
  10. Treating employees as independent contractors
  11. Failing to file a return when due a refund
  12. Failing to check liability for the alternative minimum tax
  13. Failing to request federal telephone excise tax
  14. Failing to accurately use or compute the Schedule D Tax Worksheet or Qualified Dividends and Capital Gain Tax Worksheet
  15. Failing to enter the correct amount of taxable Social Security benefits
  16. Mailing a return to the wrong address

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The IRS yesterday issued a list of the most common tax filing errors. The Top Five are (courtesy of the... [Read More]

Tracked on Mar 27, 2007 5:55:38 AM