Are you still scrambling to finish up your taxes on time?  Or did you file for an extension?

In your rush to file on time , make sure that you don’t make one of these common (and easily avoidable) mistakes!

Firstly, here are some of the documents and information you’ll need:

• Last year’s tax return

• Your social security card and official business docs

• All your tax documents from 2021

• Your bank account information

Now grab your tax return for this year and double-check these 7 common mistakes:

(𝟭) Is everything spelled correctly?

(𝟮) Do all the numbers match?

Make sure your numbers on your tax return match the numbers on your 2021 tax documents.

(𝟯) Are all the ID numbers written correctly?

Think SSN, bank account numbers, etc.

(𝟰) Is everything signed?

(𝟱) Is the math correct?

Don’t skip over this one, even if you used auto-calculating tax software!

(𝟲) Is everything in the right spot?

(𝟳) Did I correctly calculate my credits and deductions?

If you double-check those 7 things, you’ll be protecting yourself from some of the most common mistakes, and if want to go beyond this short post and do a little more detailed reading on this, I have attached a helpful article from Forbes in the comments below .

The 9 Most Common Tax Filing Mistakes And How To Avoid Them (forbes.com) 

Now, what about you?  Have you already filed your taxes, or are you still finishing them up with an extension?

Of course, if you feel overwhelmed and have any questions about your business finances, then just reach out. 

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