Filing taxes can be a daunting task fraught with potential pitfalls that may lead to penalties, delays, or missed refunds. To ensure an accurate and smooth process, taxpayers must be aware of the most common mistakes and how to avoid them. The full version of this article is available at here Havenposts 1. Inadequate Document Preparation One of the primary errors is failing to gather all…

Missing the deadline for filing taxes can be frustrating, but a lot of individuals have to face it at one point or another. The key is not to panic and take immediate action to minimize penalties and interest. Following is a basic step-by-step guide on what to do in case you happen to be in such a situation: 1. File Your Tax Return As Early…