Here are s few things to double-check before submitting your tax returns (electronic or paper) to avoid delays and errors –
1) There has been a new question on Page 1 of the federal Form 1040 (and Form 1040-SR) the past few years. It is under the name and address and before the Standard Deduction, Age and Blindness questions and list of Dependents. It reads - “At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency?” Be sure to check this box. I expect for most taxpayers the answer is “no”.
2) Obviously double-check all math on the return – and all the carryforward of numbers to other lines, schedules and forms. Beware of transpositions.
3) Double-check all the name and Social Security number entries on all pages. The name and Social Security number must match exactly the records of the Social Security Administration – the name must appear as it does on your current Social Security card.
4) Double-check the bank routing and account numbers you enter when requesting direct deposit (and, considering how FU-ed the IRS is, you should request direct deposit).
5) Don’t forget to attach COPY B of all W-2s and all 1099s that indicate tax withheld.
6) And, if filing a paper return be sure to sign it – both spouses if a joint return.