CPAS MAKE MISTAKES ON YOUR TAX RETURNS AND HOW TO AVOID ERRORS

FINANCIAL FREEDOM COUNTDOWN Learn more

CPAs do make mistakes on tax returns inadvertently. Sometimes these errors are noticed by the IRS but often they do go unnoticed.

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How To Avoid Errors In Your Tax Returns

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1. Study the high-level details of what are the changes when a major tax change occurs; and identify in advance how it might impact you.

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2. Make sure you maintain a list of all your financial accounts so you can validate that you have at least received some tax document from each of them.

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3. Handover your documents to your CPA in advance so you have adequate time to validate the returns before they are filed.

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4. Validate your 1040, Schedule E and Schedule C.

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