Avoid common tax return errors

Thursday, April 8, 2010

April 15 is almost here and even a simple mistake can cause problems that might delay the processing federal tax returns.

"The best way to avoid common errors on a tax return is to file electronically," IRS spokesman Michael Devine said. "E-file is easy, fast and accurate because many common errors are corrected by computer software."

Returns can be prepared and e-filed by a tax professional or by a volunteer at a local community site if eligible. More than 869,000 federal tax returns have been e-filed from Kansas and more than 1.75 million federal tax returns have been e-filed from Missouri. The IRS says returns can be e-filed by individuals from home using tax preparation software purchased separately or on the IRS.gov web site. In Kansas, more than 271,000 returns have been e-filed via a home computer and more than 525,000 returns have been e-filed via home computers from Missouri.

If choosing to mail a paper return the IRS has the following suggestions:

* Use the peel-off label. Necessary corrections can be made right on the label. Fill in all requested information clearly, including the Social Security numbers, if the peel-off label is not available.

* 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 the filing status.

* Arithmetic errors are common, so double check all figures.

* 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.

* Get the refund faster by using direct deposit. Make sure that the financial institution routing and account numbers are accurate. Incorrect numbers can cause the refund to be delayed or misdirected.

* If tax is owed, enclose a check or money order made payable to the "United States Treasury" and Form 1040-V, Payment Voucher, if used. Or pay by credit card by contacting one of the credit card service providers.