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Missing W-2 or 1099. Using last year’s tax return, make sure all prior W-2s and 1099’s are received and applied to your tax return. |
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Incorrect information on a W-2 or 1099. If you fail to confirm the accuracy of your tax forms, you will be faced with a choice. Either try to get the form corrected or delay filing your tax return. |
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Missing or invalid Social Security Number. E-filed tax returns will come to a screeching halt with a missing or invalid number. |
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Dependent Already Claimed. Your return cannot be filed if there is a conflict in this area. |
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Name mismatch. If recently married or divorced, make sure your last name on your tax return matches the one on file at Social Security. |
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Inconsistent information. Most tax programs will check a tax return for inconsistencies. When one occurs, they must be resolved prior to filing your tax return. An example might be you filing Married Filing Separate, while your ex-spouse files as Married Filing Joint or Single. |
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No information for a common deduction. If you claim a deduction you will need to provide support to document the claim. |
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Missing Cost information for transactions. Brokers will send you a statement of sales transactions. If you do not also provide your cost and purchase information, the tax return cannot be filed. |
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Missing K-1. As an owner of a partnership, Sub Chapter S or LLC, you will need to receive a Form K-1 that reports your share of the profit or loss from the business activity. Without this, you cannot file your tax return. |
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Forms with no explanation. If you receive a tax form, but have no explanation for the form, questions could arise. For instance, if you receive a retirement account distribution form it may be deemed income. If it is part of a qualified rollover, no tax is due. An explanation is required to file your information correctly. |
