What Does the IRS Do With Incorrect or Incomplete Tax Paperwork?
Incorrect tax paperwork can result in several actions by the Internal Revenue Services (IRS). These can vary according to each form you file, whether you owe money, or based on how the fault likely originated. In many cases the IRS has the ability to fine you for supplying them with incorrect tax paperwork, like leaving a social security number off a return. If you are owed money, the IRS may be more lenient and simply ask you to re-file your forms. It’s not uncommon for someone to make a mistake that results in incorrect tax paperwork. Math errors especially on personal income tax returns are quite common. Frequently, if the error is small one, the IRS will merely make the adjustment, and send you a statement showing the change. It’s important to keep copies of your tax return so you can be certain that the error was yours and not the IRS. There are usually no fines, fees or penalties that attach to incorrect tax paperwork where you still get a refund. The same may not hold true if yo