The Most Common Tax Filing Mistakes

Forbes writer Kelly Phillips Erb has published a list of some of the most common mistakes made by those filing taxes and you may be surprised to see how easily avoidable some of these are!

  • Wrong or Missing Social Security Numbers. Transposing numbers can be as simple as typing faster than you think. And attempting to recall Social Security number (SSN) for your kids (I’ll be honest: I don’t know my kids’ SSNs by heart) can result in mistakes. Make sure you enter the correct numbers and then double-check them against the actual Social Security cards.
  • Wrong Names. It’s not terribly likely that you’ll get your own name wrong – but you’d be surprised at how many taxpayers misspell the names of their spouse and/or dependent.
  • Filing Status Errors. It’s important to choose the right filing status. There are five filing statuses to choose from: Single, Married Filing Jointly, Married Filing Separately, Head of Household and Qualifying Widow(er) With Dependent Child. Each has a specific definition for tax purposes: you need to select the one most appropriate for your circumstances.

For the full article and list of common mistakes please visit: http://www.forbes.com/sites/kellyphillipserb/2016/03/21/the-9-most-common-tax-filing-mistakes-and-how-to-avoid-them

Davis & Hodgdon Associates CPAs is a full-service public accounting firm with offices in Williston and Rutland Vermont. The firm is a member of Vermont Businesses for Social Responsibility (VBSR), Vermont Business Environmental Partnership (VBEP), Lake Champlain Regional Chamber of Commerce (LCRCC), Vermont Chamber of Commerce, and Women Business Owners Network (WBON).  The firm serves its clients by providing progressive, proactive services through expert staff, sophisticated technology, and unparalleled efficiency.

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