Mistakes to Avoid During Tax Season

Filing your taxes accurately is super important, but don't worry, we've got your back! The IRS isn't always the most forgiving, so we've put together some tips to help you avoid any mistakes when filing your taxes. Plus, following these tips might even help you save some money on your taxes!

Tip 1: Don't leave any blank spaces on your form. If you're not sure what to put in a section, take a moment to figure it out before submitting. Trust us, leaving a blank can be costly and time-consuming, so avoid it at all costs.

Tip 2: Make sure to only provide information that matches what the IRS already has on file. For instance, if you've recently moved and haven't updated your address with the IRS, avoid using your new address on your tax forms.

Tip 3: When indicating negative numbers, use brackets instead of the minus sign. This may seem like a small detail, but it's important because the machines that process your tax forms won't recognize the minus sign as representing a negative number.

Tip 4: Avoid filing your taxes late. This one's a no-brainer, but sometimes life can get in the way. Just remember that filing late can cost you a lot of money in the form of late fees, so it's worth making sure you get everything done on time.

We know that filing your taxes can be a little overwhelming, but we're here to help! Feel free to reach out to AMJ Bookkeeping at (919) 368-1877 for a free tax review and assistance with managing your bookkeeping needs.