Last year I wrote about several technical issues regarding tax return filing, primarily dealing with the requirement to file a tax return in order to become eligible for the Economic Stimulus Payment (ESP).
Unfortunately, this year is beginning with similar issues concerning tax returns.
Recovery Rebate Credit Confuses Taxpayers
First, the IRS is reporting preliminary information from early returns where 15% of filers are completing the Recovery Rebate Credit (RRC) incorrectly.
Click here to read IRS Offers Tips to Avoid Recovery Rebate Credit Confusion. Update: The Wall Street Journal picked up on these errors in a February 4 column; click here to read Early Filers Pile On Errors.