Common Tax Errors
3/15/2007

We can all relate to the stress that comes with filing tax returns. It seems that no matter how hard you work to make sure everything is correct, there's always concern. Listed are the most common mistakes by taxpayers in filing returns. Number 1 by far is Math! The good news is the IRS does the math for you once they review your return. The bad news is you could wind up owing more because of mistakes. Tip 1: If you do your own returns, check it several times for errors and check all numbers transfered from schedules. Tip 2: Have someone else look over it as well. Tip 3: If you us an accountant, make sure you go over the return as carefully as possible. Remember, if your accountant makes a mistake, you are responsible for any additional tax that might be owed. Tax time is stressful enough. Please verify your figures and math so you have one less thing to worry about. All of us at Lake Insurance, Inc want you to have as little trouble with the IRS as possible.