Free Site Registration


IRS's Top Tax Mistakes of 2012

The Internal Revenue Service's list of the most common errors it sees from taxpayers and paid preparers on tax returns is a sobering reminder that nobody is perfect. Here's what the IRS had to do to fix the most prevalent mistakes.

Social Security Benefits Social Security Benefits

The IRS needed to change the amount of taxable Social Security benefits because there was an error in the taxable amount.
Image: Shutterstock

Capital Gains Tax Rates on Dividends Capital Gains Tax Rates on Dividends

The IRS had to change the amount of tax because the tax rates on qualified dividends and capital gains are generally lower than the standard rates.
Image: Shutterstock

Tax Mismatch Tax Mismatch

The amount of tax entered was incorrect based on the taxable income and filing status.
Image: Shutterstock

Computation Error Computation Error

The IRS needed to change the amount of total income because there was an error in the computation.
Image: Shutterstock

Advertisement
Self-Employed Self-Employed

The IRS needed to change the adjusted gross income section because the entry for one half of self-employment tax was missing or incorrect.
Image: Shutterstock

Wrong Age to Claim the EITC Wrong Age to Claim the EITC

The IRS didn't allow the amount claimed as Earned Income Tax Credit because the taxpayer or spouse must be at least 25, but less than 65 years old, on December 31st of the tax year for which the tax return is being filed.
Image: Shutterstock

Incorrect Amount on Business Income or Loss Incorrect Amount on Business Income or Loss

The IRS had to change the amount of business income or loss because there was an error on Schedule C/C-EZ.
Image: Shutterstock

Repayment Installment for First-Time Homebuyer Credit Repayment Installment for First-Time Homebuyer Credit

The IRS has needed to calculate the amount of the repayment installment for the First-Time Homebuyer Credit that is due and added it to the total tax.
Image: Shutterstock

Advertisement
Health Savings Account Deduction Health Savings Account Deduction

The IRS had to change the amount of the health savings account deduction because there was an error on Form 8889.
Image: Shutterstock

Too Many Dependents Too Many Dependents

The IRS didn't allow one or more of the claimed exemptions because for one or more dependents, the SSN or ITIN was missing.
Image: Shutterstock



The Top 10 Retirement Issues

Critical challenges facing Americans and their advisors

View the slideshow >>



10 Best Practices for Accounting Firm Online Content

BKR International hosted a panel of some of the best accounting marketers in the country in conjunction with the Association for Accounting Marketing Annual Summit in Austin, Texas. Putting their smart brains together, they agreed on 10 best practices for building the reputation and visibility of accounting firms in a high technology, but still high touch industry.

View the slideshow >>


Worst Things the Boss Asked Me to Do

When it comes to day-to-day projects, some workers at accounting firms and other types of businesses feel assignments from the boss fall outside of their job description. Workers provided the following real-life examples to CareerBuilder of the most unusual requests they received from their bosses.

View the slideshow >>


Top Regulatory Changes for Businesses in 2014

Paychex has a list of the top regulatory issues facing small businesses this year.

View the slideshow >>


Don’t Get Sued!

7 ways to protect yourself from your clients

View the slideshow >>


Our Favorite Tax Tweeters

A list of tax-focused handles worth following

View the slideshow >>


More Taxpayer Misconceptions

Apparently, there’s no end to the ridiculous things taxpayers believe

View the slideshow >>


Dumbest Employee Excuses for Being Late

Running a little late could have big repercussions, especially at a firm in the midst of busy season. From escaped zebras to must-see TV, employers told CareerBuilder some of the most memorable excuses they've heard from tardy employees.

View the slideshow >>


Common Taxpayer Misconceptions

The NAEA’s collection of ridiculous things tax clients believe

View the slideshow >>



Advertisement

Advertisement

Advertisement

Advertisement