A reliable corporate tax accounting firm can help in eliminating the risk of audits.

Here are a few mistakes that people make while preparing taxes:Making Small Errors that Can Prove CostlyEven a small mistake like making math errors, or giving incorrect Social Security Numbers, or omitting to attach important forms can lead to grave consequences.

However, the risk remains that these errors can flag your return, which can further lead to a manual examination by the IRS staff.Omitting Taxable IncomesThe IRS forms the basis of an automated system that is devised to process returns quickly and look for any discrepancies.

It shows that even though at the time of preparing taxes, it might seem harmless to omit a $20 bill, it could mean that your return will attract a closer look from the govt.Not Being Careful with DeductionsIf you are a wealthy person, the chances of your finances being audited go up.

However, when the income is more than $200,000, the rate has been observed to go up to 2%.

If your income is closer to the $200,000 mark, you must ensure that your contributions to HSA or a traditional 401(k) plan are maxed out.Inflating Donations to CharityIt is always better to be strategic with deductions.