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DEPARTMENT OF OOPS, PAPER-FILER CATEGORY
March 15, 2008
The IRS has posted a summary of errors on paper-filed tax returns through February 29. The report breaks the mistakes down between self-prepared returns and returns from paid preparers.
The frightening part? The 1,161 errors by paid preparers on 1040-EZ, including:
Tax amount wasn't the correct amount based on taxable income and filing status: 82Taxable income was figured incorrectly. There was an error in subtraction of exemption or of combined standard: 58
We figured the taxable income and taxpayer didn't owe any tax: 47
Amounts in the payments section was added incorrectly: 30
OK, the tax law is complicated, but these are 1040-EZ mistakes. If a paid preparer can't get that right, what happens when they see a return that's actually hard? Yikes.
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