These Mistakes Cost You Time and Money

By National Association of Enrolled Agents, Special for  USDR

A new survey conducted by the National Association of Enrolled Agents (NAEA) revealed some the most common mistakes made by individual filers and small businesses during tax season. Survey results show that when individuals and small businesses alike take it upon themselves to file their taxes, opportunities for deductions are missed, inaccurate information is filed and the potential to leave money on the table  rises.

This survey comes at a critical time of year with the April 18 deadline looming and with countless returns that still need to be filed. According to the most current available data from the Internal Revenue Service (IRS), the number of individual returns reached upwards of 148 million in the 2015 filing  year.