IRS Names 16 Most Common Tax Return Mistakes

The 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