Danielle Campoamor is an award-winning freelance writer covering mental health, reproductive justice, abortion access, maternal mental health, politics, and feminist issues. She has been published in The New York Times, Washington Post, CNN, NBC, Vogue, Harper's Bazaar, Marie Claire, InStyle, Playboy, Teen Vogue, Glamour, The Daily Beast, and more.
Whether you're laboriously looking over a year's worth of financial statements or carefully imputing deductions, it's relatively common for people to make more than a few mistakes when doing something as universally disliked as filing your taxes."And these mistakes can be costly," Alev adds."A mistake can lead to getting a smaller refund than what you’re owed, paying more than you owe, or a delayed refund.
"The IRS opens tax season in last January. If someone is using personal tax preparation software or the IRS Free File system, it may accept the return, but it won't be processed until the season opens,""Anyone with Earned Income Credits or Advanced Child Tax Credits will have refunds held up for extra processing until at least mid-February, due to laws requiring those to be held for longer," Flinton adds.
"You should definitely use a CPA when your tax situation becomes more complicated than you feel comfortable doing yourself," Flinton says."Those with gig jobs or small businesses should use a CPA, EA, or other tax professional to ensure all the gig or business activity is being appropriately recorded.
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