Taking Care of Tax Mistakes

POSTED BY: Nichole Hannahs
Tuesday, February 11, 2014 - 09:21 AM
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Taking Care of Tax Mistakes

As many prepare to put together their taxes for this season there's some things to keep in mind.

A spokesperson for the Internal Revenue Service said that besides miscalculation mistakes on forms the other mistake people often make is not taking advantage of deductions and tax credits.

One is the Earned Income Tax Credit which can save someone up to $6,000.

"Folks who's income is $51-52,000 or less should check it out and see if they might be eligible for the Earned Income Tax Credit.," said IRS Spokesperson Jennifer Jenkins. "You may be eligible if you are single with no kids or if your working and you got up to 3 children you may be eligible for the Earned Income Tax Credit."

To make sure you hang on to your money Jenkins said to also watch out for scammers that pop up claiming their from the IRS and that you owe money and must pay immediately or suffer penalties.

"Call your local law enforcement. Let them know that somebody is trying to pull that scam in your area, but the IRS does not contact taxpayers over the phone, via e-mail, text message, Facebook and so forth to ask for immediate wiring of funds or prepaid cards to send us money," said Jenkins.

Jenkins said if you do owe the IRS money and you can't pay it all they will work with you to create a payment plan.


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