Common Missing Tax Return Items

Want your tax return filed quickly and without error? Looking for a quick refund? Then double-check this list of items that are often overlooked. These missing items often cause delays in getting your tax return filed and your much anticipated refund into your hands.

PIC1

PIC2Missing W-2 or 1099. Using last year’s tax return, make sure all prior W-2s and 1099’s are received and applied to your tax return. Missing items will be caught by the IRS’s mismatch program.

PIC2

Missing 1095-A. If you have health insurance through an Exchange, you will need this form to file your tax return.

PIC2Missing or invalid Social Security Number. E-filed tax returns will come to a screeching halt with a missing or invalid number.

PIC2Dependent already claimed. Your return cannot be filed if there is a conflict in this area.

PIC2

Name mismatch. If recently married or divorced, make sure your last name on your tax return matches the one on file at Social Security.

PIC2Inconsistent information. Most tax software programs will check a tax return for inconsistencies. When one occurs, they must be resolved prior to filing your tax return.

PIC2No information for a common deduction. If you claim a deduction you will need to provide support to document the claim.

PIC2Missing cost information for transactions. Brokers will send you a statement of sales transactions. If you do not also provide your cost and purchase information, the tax return cannot be filed.

PIC2Not reviewing your return and signing your e-file approval. The sooner you review and approve your tax return, the sooner it can be filed.

PIC2Forms with no explanation. If you receive a tax form, but have no explanation for the form, questions could arise. For instance, if you receive a retirement account distribution form it may be deemed income. If it is part of a qualified rollover, no tax is due. An explanation is required to file your information correctly.

Hopefully, by knowing these commonly missed pieces of information you can prepare to have your tax filing experience be a smooth one.