Most people assume their tax return is correct—especially if they used an accountant or tax software. But every year, we uncover mistakes that cost clients money, increase their audit risk, or leave them exposed to IRS penalties.

And the worst part? They had no idea.

At Polaris Tax & Accounting, we help individuals and business owners in Plantation, FL catch mistakes, file corrections, and avoid the long-term consequences of inaccurate returns.

The Real Cost of a Bad Tax Return

It doesn’t take fraud to get penalized by the IRS. Honest mistakes happen when returns are:

  • Rushed through by overworked staff during tax season
  • Filed based on incomplete or outdated bookkeeping
  • Auto-filled by software that doesn’t ask the right questions
  • Prepared by someone unfamiliar with your business or situation

And those errors can trigger:

  • IRS audits or letters (especially for income mismatches or deduction issues)
  • Missed deductions or credits worth thousands
  • Penalties and interest for underpayment or misreporting

We cover these risks in our blog:
The Truth About IRS Notices

Common Errors We Uncover During Reviews

Here are just a few of the issues we regularly find when reviewing prior returns:

  • Self-employed clients not claiming proper business deductions
  • S Corps failing to include required salary (reasonable compensation)
  • Capital gains misreported due to bad brokerage statements
  • Clients overpaying because of incorrect standard vs. itemized deductions
  • Foreign-owned corporations missing critical disclosures

Want to know what deductions you’re missing? Read:
Top Tax Deductions for Small Business Owners

The Power of a Second Opinion

We offer confidential second-opinion return reviews. Whether your return was prepared by a prior accountant or you used DIY software, we’ll:

  • Recalculate your tax liability
  • Identify red flags, missed deductions, and risks
  • Recommend an amended return, if needed

Clients are often shocked by what we find. And we’re happy to help fix it.

Explore how we keep clients protected year-round:
https://polaristaxandaccounting.com/services/tax-planning/

How to Move Forward

If you’re even slightly unsure about the accuracy of a return—especially one prepared by a firm that rushed it through or never explained it to you—it’s worth a second look.

📞 Call us at 954-423-3577
🌐 https://polaristaxandaccounting.com