By Thalia Sevilla
Any error when filling out and filing a return can result in a repair, delaying the entire process including the refund that could apply to you. To prevent this, it is important to check that your return does not have any type of error. Here we remind you of some of the most common and easy to avoid mistakes on the income tax return.
- Errors in the data
Some common data errors made include entering the wrong number or letter in the name, entering the wrong mailing address, not reporting all the correct income, choosing the wrong marital status, and entering data on the wrong lines. Filling out your form online can be extremely easy, but you must be careful that you fill out the information correctly in all the boxes that you have to fill out.
- Computational errors
Errors in the amount of taxes withheld, estimated taxes paid, or the increased standard deduction for certain taxpayers often result in calculation errors on the Individuals Return. Programs like Taxmania calculate the data automatically, but they will only calculate the data that you enter, so it is very important to validate that the information you enter into the system is correct in order to avoid mathematical errors.
- Credit claims or deductions that do not apply
Check carefully the requirements of the credits you plan to claim and the deductions that you think may apply to you. If you have doubts about whether a credit or deduction applies to you on the Individual Income Tax Return, also known as the PR Return, you should read the instructions of the return or visit the Department of the Treasury page.
There are other credits, such as the Child Credit, which is requested on the 1040-PR form that you can also fill out through Taxmania. If you want to know more about the credit and how to claim it, visit our blog about the CTC.
- A discrepancy of social security number or name
Part of the process of verifying the tax return information is to make sure that the social security number and name combination matches the information in the database in SURI. Make sure the numbers and names match. Sometimes, it may be that the Department of the Treasury has your name incorrectly in the system. If this happens to you, you can find out the steps to follow in our article "What should I do if my information appears incorrect in SURI?".
- Incorrect direct deposit information
The fastest way to receive a refund is to electronically file a correct return and request a direct deposit of the amount refunded. If you entered your bank information incorrectly, you will have a delay. Once you are in the process of filing in Taxmania, you can enter your bank account information so that the refund reaches your account directly. If you put the wrong information, you must contact the Department of the Treasury at one of the following numbers: 787-622-0123 and 787-722-0123.
The most common errors occur when entering your information into the system. For that reason, it is essential that you validate all the data before filing. Taxmania gives you the option of printing a Draft where you can see all the information you have entered and review the form before filing to avoid possible errors.
If you discover that you have filed your return with errors, it is important to fix it as soon as possible. In some cases, you must contact the Department of the Treasury and in others, you must amend your return.
Do you want to know when you should amend a return? Read our article here.
An easy, fast and secure way to fill out your forms is the new Taxmania option that allows you to prepare the form by answering a few simple questions and the form is automatically filled out. Take advantage and fill out your form today at Taxmania.com.