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Filing Tax: What Are You Doing Wrong?

Tips To Make Filing Tax Easier. (Photo: The Student Pocket Guide)

Tips To Make Filing Tax Easier. (Photo: ABC10)

In a 2023 tax survey of 1,002 Americans, respondents said they would instead do six things than file their taxes. But why is filing tax is such an arduous task to do?

What Makes Taxes So Difficult?

If you’ve ever been scared or nervous about filing taxes, you might wonder what’s causing your anxiety. Even if you are filing a simple return, you may feel anxious about the process.

Delagify Financial’s Robert Persichitte is a CPA and CFA. Taxes, according to Persichitte, combine boredom with fear. While the boredom factor is understandable, there are two specific reasons why we are afraid of filing tax:

  • If you make a mistake, the consequences could be severe.
  • It is very easy to make mistakes.

READ ALSO: Here’s How to Make Your Tax Filing Less Taxing

Tips To Make Filing Tax Easier. (Photo: CNBC)

Most people have a story about a relative, friend, or someone they know who received a surprise IRS bill. You could face serious financial consequences if you forget something or make a mistake.

Mistakes are fairly easy and common. People need to learn how to prepare their taxes in school. Most Americans only think about it once a year, widening the gap between filing periods and making even simple returns difficult to file.

How to Make Filing Tax Easier

You don’t have to wish for an excuse to avoid filing taxes every April. Here are a few pointers to help you avoid the stress and boredom of tax preparation.

Hire an Accountant

If you need help understanding what you’re doing or are unsure about filing on your own, the best approach is to seek the help of a professional accountant or CPA.

Be Honest.

Honesty is the best policy for filing taxes. While it may seem like common sense, taxpayers should be completely honest when filing their taxes.

Keep Good Records

Filing your taxes is easier when you have all the necessary documents.

Include taxes in your financial literacy.

Most Americans will file their taxes once a year and then forget about it. Persichitte suggests using the Volunteer Income Tax Assistance (VITA) program to learn more about filing tax.

READ ALSO: 6 Common Tax Mistakes People Do When Filing

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