It’s Not Too Late: How to Fix Taxes Before You File

Practical Steps a Tax Accountant Uses to Fix Filing Errors

Tax season can be stressful, especially when you realize there might be mistakes or missing information on your return. The good news? It’s not too late to fix your taxes before you file. With careful review and strategic planning, you can avoid penalties, maximize deductions, and ensure your filing is accurate.

At LBS Tax & Accounting, we help individuals and businesses correct errors, optimize returns, and stay IRS-compliant. Here’s how you can act before your tax return is submitted.

For expert guidance before filing, trust a reliable tax accountant in Chandler AZ at LBS Tax to protect your financial future.

1. Review Your Income Documents Thoroughly

The first step is to double-check all your income statements:

• W-2s from employers
• 1099s from freelance work or investments
• Bank and brokerage statements

Errors in reporting income are common and can lead to IRS penalties if not corrected. Make sure every income source is accounted for and matches your records.

2. Identify and Correct Common Tax Mistakes

Some common mistakes include:

• Incorrect Social Security numbers or personal information
• Missed deductions or credits (such as education or home office)
• Misreported business expenses for freelancers or small businesses

Action: Review prior-year returns and cross-check with current documents. Small mistakes now can save you thousands in penalties later.

3. Maximize Deductions and Credits

Many taxpayers leave money on the table by overlooking deductions and credits. Examples include:

• Charitable donations
• Medical expenses
• Education credits

Proper documentation is key. Collect receipts and records for any deduction or credit you plan to claim.

4. Consider Professional Help

Even if you think your taxes are simple, a professional review can:

• Catch errors you may have missed
• Ensure all eligible deductions and credits are applied
• Help you avoid costly IRS penalties

At LBS Tax & Accounting, our team reviews returns carefully, making sure every client benefits from accurate filing and maximum tax savings.

5. Take Action Before Filing

Here’s a simple pre-filing checklist:

• Gather all income and expense documents
• Review last year’s tax return for carryover items
• Identify any deductions or credits you may have missed

Why Choosing LBS Tax & Accounting for Your Tax Needs is the Smartest Decision

When it comes to reliable tax preparation and comprehensive tax services in Chandler, AZ, LBS Tax & Accounting stands out as a full-service accounting firm dedicated to protecting your financial future. Our experienced tax professionals, including knowledgeable enrolled agents and certified public accountants, deliver personalized solutions for individual tax filings, complex business tax matters, and year-round tax planning. From accurate tax returns and compliant income taxes to detailed financial statements, payroll services, accounts payable, and accounts receivable, our team provides end-to-end accounting services designed to support long-term success. Whether you’re dealing with a challenging tax problem, managing cash flow, or aligning your finances with clear financial goals, LBS Tax & Accounting offers dependable financial services and tax preparation services you can trust. More than just an accounting provider, we act as your trusted advisor, helping individuals and businesses make confident, informed decisions every step of the way.