5 Common Tax Mistakes You Need to Avoid

There's a reason so many professionals make a living helping other people with their taxes. Though filing a return, in theory, isn't difficult, in practice, there's plenty of room for error. And if you make a mistake on your taxes, you could face a host of consequences, from having your return rejected to landing on the IRS audit list.

With that in mind, here are a few big tax blunders to steer clear of.

Including an incorrect Social Security number on your taxes is a good way to get your return rejected. Thankfully, it's an extremely easy error to avoid. Just verify each family member's Social Security number by checking it against his or her original card. Don't guess at those numbers if you're not sure.

Continue reading


Source Fool.com