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Avoid these 10 common tax-return mistakes

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in Small Business Tax

Suppose you decide to prepare your own return. What are the most frequent errors? Here’s a list of 10 common boo-boos, according to H&R Block:

  1. Social Security number(s) are incorrect, missing or don’t match the name(s) on the return.
  2. Required documentation (W-2s, etc.) missing.
  3. No signature on the return.
  4. Filing status incorrectly marked.
  5. Return includes math errors or inaccurate numbers.
  6. Incorrect or missing forms and schedules.
  7. Taxpayer claims the standard deduction when itemizing would be more advantageous.
  8. Failure to complete the work sheet for taxable Social Security benefits.
  9. Filer fails to claim available credits (child-tax credit, earned-income credit, etc.) or figures credits incorrectly.
  10. Income items are omitted.

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