As you can guess from our name, we at TaxCom, LLC specialize in all things taxes. Since founding our business in 2011, we have helped countless entrepreneurs, small business owners, and self-employed individuals of all kinds file their taxes, and we make sure that all the forms are in perfect order. Many of our clients seek us out after having experienced problems with their taxes in the past, and we have used our considerable experience to help them resolve their situations. Our team wants to help you avoid this kind of snag, so we have put together a list of three common tax problems and what to do about them.
- Information Errors- One of the most common tax problems is having wrong information. This error can happen more easily than you might think–many people mix up the order of the numbers in their social security number by typing too fast, for instance. To avoid this problem, we recommend getting someone else to look over your forms to double-check your information before you file.
- Math Errors- Another tax problem that plagues a significant number of people every year is errors in mathematics. If you’re still filing your taxes on paper, go slowly and check your calculations—or better yet, have someone else check too. For best results, it’s wise to consult a tax professional who will have the right software, tools, and experience to ensure that all the numbers are correct.
- Errors in Credits and Deductions- Lastly, the tax problem that seems to be the most prevalent is errors in mistakes in determining which credits and deductions apply to your particular situation. Tax regulations are highly complex, and it’s often difficult to figure out if you qualify for a certain credit or deduction. Fortunately, you don’t have to puzzle it out all by yourself, but can instead turn to our experienced team to get the expert advice you need.