Tax Resolution Expert, Attorney Lance Drury Shares Checklist of Common Tax Return Mistakes to Avoid

Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, posts an edited list of common tax return mistakes that, if made could end up making tax time last longer and possibly lead to an audit.
 
March 30, 2015 - PRLog -- St Genevieve, MO, March 20, 2015:Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” posted a new article on the LANCE DRURY LAW website entitled “Keep this Checklist Handy to Avoid Making Common Tax Return Mistakes.” Just a month away from the April 15 tax return deadline seems like a good time to get a handy checklist.  And Lance Drury provides one he pulled and edited from U.S. News and World Report.


Drury advises, “Make a list and check it twice. Or print this out and keep it with you while doing and reviewing your taxes.” He then cautions readers, “Mistakes, especially these common ones are responsible for prolonging tax season and may lead to an audit. While not making these mistakes will not keep you immune from audit, tax returns without mistakes will get your refund more quickly and bring tax season to a speedier, uneventful close.”

According to Drury, the list includes, “the kinds of mistakes I hear from people and prospective clients all the time.” He cites the list origin, “This edited excerpt comes from a March 9th U.S. News and World Report online article. (www.news.yahoo.com/avoid-top-10-tax-mistakes-130629111.html)

Among the 10 reminders are the kinds of things people overlook and are considered to be “careless errors.” They include signing your tax return and making sure all social security numbers, names and addresses are correct.

Drury agrees that taxpayers need to understand the new tax law changes each year. As the U.S. News article states, “I know this sounds like an ominous task. But most years, the tax requirements change a bit, and you are responsible for being aware of the changes. That means that if the standard deduction increases, and you don’t know about it, you could be leaving a lot of money on the table.”

Including all income and taking all deductions are separate items on the list. Another of the mistakes that can be considered careless is not forgetting to date the return. As the U.S. News article points out, “Your return must be postmarked or filed electronically by April 15. If you miss the deadline, you will owe penalties. If you fear you may not be able to make the filing deadline, there is an out. You can receive a six-month filing extension on your tax paperwork by completing Form 4868 by April 15. This will give you an extension to file until Oct. 15, but you still need to pay the full amount owed by April 15. The extension doesn’t apply to money owed, only to sending in your tax forms.”

Drury adds an important note, “If someone is preparing your taxes don’t forget to double-check their work. They are very busy human beings and can make mistakes that could end up costing you in the long run.”

The entire article can be found at http://www.lancedrurylaw.com/keep-this-checklist-handy-to-avoid-making-common-tax-return-mistakes/

About Lance Drury

Tax Attorney Lance Drury, founder of the Law Firm of Lance R. Drury, has been practicing law since 1984 and began representing individuals and businesses in disputes with the Internal Revenue Service in 2006.  With offices located in Ste. Genevieve and Columbia, Missouri, Drury has positioned himself as a leading attorney in the state for IRS tax resolution issues.  He is able to evaluate the unique situation of clients and provide them with honest answers and a specific plan to best resolve their tax problems

About The Lance Drury Law Firm

Since 2006, the Law Firm of Lance R. Drury has been representing individuals and businesses in disputes with the Internal Revenue Service and State of Missouri Tax Commission. With offices located in Ste. Genevieve and Columbia, Missouri, we’re proud to be your local choice for Missouri tax services.
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