Top Errors in 2007 Tax Returns by Tax Payers and Tax Professionals

The number one error on 1040 Forms submitted by Taxpayers and Tax Professionasl in 2007 was the following:

Form 1040

Error Count: 48,974
We changed the amount of tax shown on your return. The tax rates on qualified dividends and capital gains are generally lower than standard rates.

Second Top Error Count: 32,381
We changed the amount of taxable social security benefits on page 1 of your tax return because there was an error in the computation of the taxable amount.

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