If the Internal Revenue Service suspects errors or requires proof of deductions, you may be asked to provide back-up documents to prove your numbers and amend the return. "If the IRS requires further information," advises Bill Symons, president of Computer Accounting Services in Oswego, N.Y., "You'll receive an official request by mail. Normally the situation is easily rectified, but it can delay refunds by up to 10 to 11 months."
A small mistake, such as entering a deduction on the wrong line, can be the difference between paying the IRS and getting a refund. Some common mistakes that taxpayers make include:
- The wrong amount for the deduction;
- Addition and subtraction errors;
- Forgetting dependent and child care credits.
Remember, when you use TurboTax to prepare your taxes, we handle all of the calculations and enter them into the proper forms for you. We also double-check your returns for errors before you file.