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Most Common Tax Filing Errors Which Cost Taxpayers Extra Money

by Jazz Writer, Factoidz Writer

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File electronically. If you choose to e-file, many of the common errors are avoided or corrected by the computer software. If your income is under $52,000, you may be able to e-file for free using IRS Free File. Use the peel-off label if you choose to mail a paper return. You may line through and make necessary corrections right on the label.

Be sure to fill in your Social Security number in the box provided on the return. If you do not have a peel-off label, fill in all requested information clearly, including the Social Security numbers. Check only one filing status on the tax return and check the appropriate exemption boxes. Enter the correct Social Security numbers for each of those exemptions. Use the correct Tax Table column for your filing status. Double check all figures on the return.

Math errors are common mistakes. Sign and date the return. If filing a joint return, both spouses must sign and date the return. Attach all Forms W-2, Wage and Tax Statement, and other forms that reflect tax withheld to the front of the return. Attach all other necessary forms and schedules. Remember to request the Telephone Excise Tax Refund. Dont short-change yourself. Most households are eligible for a special, one-time only Telephone Tax Refund, typically between $30-$60, that you can request on your 2006 tax return. Do you owe tax? If so, enclose a check or money order made payable to the United States Treasury and Form 1040-V, Payment Voucher, if used. Or, you may choose to pay by credit card by contacting one of the credit card service providers.For a complete checklist and a listing of some of the most common errors, see Tax Topic 303,

Checklist of Common Errors When Preparing Your Tax Return, on the IRS Web site or call our TeleTax number, 800-829-4477. The IRS Web site also has information about e-file, Free File and the Telephone Tax Refund.

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