Every tax season, thousands of people lose time, money, and peace of mind because of simple filing mistakes. At Ultimo Tax Pro, we’ve seen it all—and we’re here to help you avoid them. Whether you’re filing as an individual or a business, understanding these common pitfalls can save you from IRS delays and ensure you receive the maximum refund possible.

1. Missing or Incorrect Information

One of the most frequent issues is missing Social Security numbers, wrong addresses, or mismatched names. Even small typos can cause the IRS to flag your return. Always double-check your basic details before filing.

2. Forgetting to Report All Income

Many taxpayers forget about additional income like freelance work, side gigs, or investment earnings. The IRS receives copies of your 1099s and W-2s, so leaving income unreported could result in penalties or audits.

3. Claiming the Wrong Deductions

Deductions are powerful—but only if they’re valid. Common errors include claiming personal expenses as business write-offs or missing legitimate deductions like education or child care credits.

4. Filing Late (or Not at All)

Procrastination can be costly. Filing late without an extension can lead to penalties and interest on any balance owed. Even if you can’t pay immediately, file on time and arrange a payment plan.

5. Choosing the Wrong Filing Status

Your filing status affects your tax rate and credits. Many people select “Single” or “Head of Household” incorrectly, leading to missed savings. When unsure, consult a professional for guidance.

Conclusion
Tax filing doesn’t have to be stressful. By taking the time to double-check information and working with a professional, you can file with confidence and accuracy.