New to the U.S.? 10 Tax Filing Mistakes Latinos Can Avoid

Filing taxes for the first time in the United States can be confusing, especially when the tax system works very differently from what we’re used to in our home countries. Many newly arrived Latinos make simple mistakes that can delay their refund, create unexpected tax debt, or even trigger IRS alerts. Here are the most common mistakes and how to avoid them from the start. 

• Not reporting cash income: The IRS requires all income to be reported, including cash-based jobs. 
  Avoid it: keep a daily or weekly record of your cash earnings. 
• Thinking they can’t file taxes with an ITIN: Many believe only those with a Social Security Number can file. 
  Avoid it: you can file with an ITIN and, in some cases, still qualify for credits. 
• Filing with unlicensed or uncertified preparers: This can lead to errors, penalties, or even tax fraud. 
  Avoid it: always work with registered and trustworthy tax professionals. 
• Not reporting cash tips: The IRS requires tips to be reported just like any other income. 
  Avoid it: track your tips daily or weekly to report them accurately. 
• Not checking who else is claiming the same dependents: Sometimes two family members attempt to claim the same child. 
  Avoid it: coordinate with your family before filing. 
• Signing the tax return without reviewing it: Simple errors can cost you money or delay your refund. 
  Avoid it: read every page carefully before signing. 
• Filing without all the required documents (W-2, 1099, etc.): Filing incomplete can delay your refund or trigger IRS corrections. 
  Avoid it: wait until you have all your tax documents before filing. 
• Not checking whether the employer reported your name and SSN correctly on the W-2: A mistake in the name or Social Security Number can cause an IRS rejection. 
  Avoid it: compare your W-2 to your Social Security card and request a correction if something doesn’t match. 
• Not understanding IRS deadlines: Filing late can lead to penalties. 
  Avoid it: remember that the regular deadline is generally April 15, or October 15 if you request an extension to file late. 

At Toro Taxes, we guide first-time filers step by step. We review your documents, evaluate your credits, and file your return correctly to avoid mistakes that can cost you time and money. In addition, we offer you the opportunity to become a business owner and help other families who, just like you, need reliable guidance. If you want to improve your future, increase your income, and serve your community, joining our franchise can be an important step forward. 

???? 800-867-6829 ext. 202 | www.torotaxes.com