Tag Archives: Mistakes

5 Common Tax Mistakes To Avoid

Tax season is one of the most stressful times of the year. No one enjoys it, but If you’re doing everything right, then you shouldn’t have anything to worry about.

Here are the five most common tax mistakes that you should avoid when using Taxfyle.

  • Know important dates

It isn’t just about filing taxes, but also knowing deadlines for requesting extensions and paying quarterly taxes.  

If not done on time, it can result in you being surprised by tax penalties and interest, says the blog at Taxfyle.

Taxfyle is a software that connects you to a professional so you can file your taxes on time, efficiently and with no stress.

  • Incorrectly reporting income

The IRS audits your personal finance and finds that you under-reported income, you could face some hefty charges. But the IRS understands that mathematical errors can happen when it comes to reporting your business payments …