tax mistakes

Tax Season

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The holiday season is over and a whole new season is approaching.

It might be a new year but it's not quite time to forget the old one; at least when it comes to how much money you made. And as you prepare to haul out your receipts and file your tax return experts say there are some big mistakes that could cost you.

For example avoid using a pen and paper. Tax officers say it would be foolish not to efile. Not only is it faster but you avoid the possibility of making simple mistakes. And if you do bring in some outside help check their credentials. There are 800,000 people in the country who prepare tax returns and most of them are unregulated. That's because there's no licensing requirement for someone to call themselves a tax preparer.  read more »

Tax Time

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Tis the season for W2’s, audits and procrastination. So if you’re looking to get an early start on your taxes, file wisely.

To help you avoid costly mistakes MSN Money asked their readers and Facebook fans to describe their worst tax blunders. From those responses came eight common mistakes tax payers make and how lessons on how you can avoid them.  read more »

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