Biggest tax mistakes people make

Just one slip in filling out your forms could result in a larger tax bill, a smaller refund or even an audit.

 of 12
 of 12


Jan 9, 2014 9:33AM

Once again examples of the unecessary complexities in the tax code to allow politicians to be able to discriminate among US citizens.  It started in 1913 and the implementation of the "progressive" income tax. 


It should be an Equal tax.  Equal for every US citizen, regardless of age, sex, religion, marital status, income, etc.  Equal per head.


If not enough revenue is generated to fund those things in excess of what is explicitly called for by the constitution, then cut them until it does.  If it does not fund those things that are required by the constitution raise it until it does.


But quit using the tax code to allow politicians to pick the winners and losers in society and buy voting blocks.

Jan 9, 2014 9:38AM
Yes, everyone should update their filing status to EXEMPT, and stop financing our 2 criminal enterprises currently known as democrats and republicans.
Jan 14, 2014 4:33AM
H&R block charges as much and even more to prepare your taxes than a seasoned tax attorney.  It is a crying shame how much they sucker out of people.  Their preparers study tax codes for just weeks.
Jan 9, 2014 2:44PM
Biggest tax mistake? Not using enough lube!
Jan 9, 2014 1:05AM
fly under the radar....................................................if you are old and retired, you probably paid this government enough money throughout your life as I have.Be invisible to these people.
Jan 14, 2014 5:39AM
There was NOT one in the list that would save one ANY money. Pathetic.
Jan 14, 2014 11:01AM
Complicated tax codes provide a fertile environment for corrupt politicians to thrive in.
Jan 9, 2014 10:38AM
Un doubtedly the best example of our government  serving the people.
Take something that should be as simple as 10% of30k is ............................
and turning into something people with accounting degrees can't comprehend.
Well done.
Yup, been audited twice and paying two installment agreements.... while looking for work

Own my house (for now), 5yrs ago HAD 2 cars , Harley, 'round 20k in toys. Been working full time scince high school and highest income in past 30yrs was 35k. Livin' good !
Not anymore.
Point being you folks who assume you haven't got the kind of money the new army of IRS agents will be looking for, are WRONG. 
Jan 9, 2014 9:44AM

The worst thing anybody could possibly do, is elect liberal, POS demowits. Their motto is - borrow, tax, spend and redistribute the working mans money and give to the low-information idiots that vote for demowits.

Jan 9, 2014 12:36AM
My biggest tax mistakes...  Not buying what the government thinks I should buy, when I should buy it, and making too much money.  A home, a car, energy efficient appliances, no kids, no EIC...
Jan 14, 2014 8:22AM
For a change, here is something nice about the IRS.  Several years ago, I prepared my own return.  When my refund turned up in my account, it was for $200.00 more than I expected.  Then I got a letter from the IRS that I had made a math mistake (uh oh) and was actually owed more money.  Now that was a pleasant surprise.  I didn't know they would correct an amount in your favor!
Jan 14, 2014 7:34AM
If people submitted paper returns the IRS wouldn't be able to handle the volume.  They expect a certain percentage to be filed electronically.  They basically wouldn't have the man power to process all that paper.
Jan 14, 2014 11:34AM
Biggest mistake I've seen people make is letting mega-billion dollar companies like GE and Verizon pay "ZERO" taxes at the end of the year....
Jan 14, 2014 5:44AM
MSN: Failing to double-check your work.

Don't you mean 'daaaable check?'
Jan 14, 2014 11:16AM
Be careful and be sure you keep accurate records of all deductions and be sure everything is accurate when filing. All this mentioned in the article is already common knowledge to anyone who has enough sense to avoid these errors. I wished MSN would report something most people don't know about.
Every single piece of advice on this is a waste.  Seriously, been filing for years and have never come out above the standard deductible.  How is it that people cannot fill out a 1040EZ?  If you have to pay to have that done you deserve it.
Jan 14, 2014 11:57AM
Hey....Good God. Everyone Is Mad at the govenment or Democrats or Republicans the Left or Right. In the long run. People who want something for nothing. Get mad for the nothing they just got. And these other people who said my vote don't count will get nothing and less to say. Now your tax dollars are working hard to keep you wanting for more. More on who to blame while your paying more in taxes next year. Just look at how your money. Yes, Your money is being wasted everyday. If you care. VOTE. You Do Count. 
Jan 14, 2014 10:48AM
They're missing one of the most important tax advantaged plans: The HSA. It puts YOU in control of investments and your healthcare dollar. Unlike a conventional IRA it is not tax deferred, it is tax exempt, as long as you use it for medical purposes, which include a far broader definition than your regular insurance. When you retire, you can use it as an HSA or an IRA and you can will it to your family. Unlike an IRA, if you need it for medical expenses, you can access it easily before retirement. (Liberals hate this.)
Jan 14, 2014 9:28AM
avatar tiny slip up and you're toast....and to think "you" the jackass reader along with the people that printed this  story voted for these very same people that created this.
Jan 14, 2014 1:25PM
We all need to file exempt. It would only take a little while until they begged us to do anything we wanted then we can start to get rid of all the corruption. The federal government takes in plenty of money to fund welfare programs if we get all the bums off it. Any single male over the age of 18 and not in school should not receive any kind of help from the federal gov. get a job or starve I say. Single moms should be kicked off after 6 months. The problem is we let them stay on until it is a life style to them. Hay we get to stay up and party on your dime. Well I'm tired of it. Let's kick their butts off the government tit!
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.