Return To Blog

Denver Tax Service Offers Solution to Common Filing Mistakes

December 11, 2019

The abundance of new tax computer programs and apps available for individuals to file their taxes seems to be increasing yearly but is something so important worth taking that risk? You’ve worked hard for an entire year and now are responsible for reporting the income tied to either yourself or your family but not everyone may be comfortable with the risks associated with filing a return themselves.

It may be that you attempt to complete a return but find the results are not favorable. Perhaps you owe a large amount to the Internal Revenue Service (IRS) or are maybe getting a giant refund but aren’t too confident in your reporting. Unfortunately, there are many common tax filing mistakes individuals become subject to when trusting only one set of eyes on his/her return but these can be avoidable miscues. Instead of falling victim to one of these issues, consider having a professional assist with the process.

Account Numbers

If you are receiving a refund then ensuring the account numbers filed within a return are correct is extremely important. Wherever the refund is generated from, whether federal or state, it will be sent to the account corresponding with the numbers entered on the return. If you happen to miskey an entry then your funds could land elsewhere, creating a hassle to get them back and appropriately received.

Missing Deadlines

If your return isn’t filed before the set deadline, then expect to be assessed a penalty fee. Depending on how long after the initial filing was due that something is turned in could also play into account. A tax extension may be your best bet.

Tax Code

Keeping up with the changes to tax brackets and many other intricacies associated with filings can be overwhelming - especially following changes in the Washington D.C. leadership. Ensuring that you are reporting correctly and taking the right tax breaks without missing any possible deductions can be extremely difficult. 

If you aren’t confident in filing without the assistance of a professional or have endured some changes in the past year which could affect your filings, then let the tax and financial experts at Bloch Rothman and Associates assist you or your business today. In addition, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits from other entities besides the IRS, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete tax returns or answer any other factors associated with financial issues or concerns you may have. Serving in Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate or any other filings, don’t hesitate to contact us today. Available for all of your tax needs in Denver, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and serving whatever your needs may be soon!