10 Tax Errors to Avoid When Preparing Your Return

By John Persinos
March 02, 2011

The old expression "the Devil's in the details" especially applies to your taxes. Even if you ask the experts for their best tax tips and research the latest advice on tax topics, several all-too-common errors could still trip you up. Many of these mistakes are easily overlooked -- and could end up costing you both time and money in the long run.

Here are 10 of the most common mistakes people make when preparing and submitting their annual tax returns (in no particular order of importance). With a little research and careful attention, you can avoid turning one of these minor errors into a major mistake on Tax Day.