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GOBankingRates
GOBankingRates
Ashley Donohoe

I’m a CPA: Here’s Why ‘Close Enough’ Tax Math Can Cost You

IRS Math
pkstock / Getty Images/iStockphoto

Whether you’re feeling rushed, missing important tax documents or having trouble calculating exact numbers, using estimates or rounded numbers on your tax return can be tempting.

While it might not seem like a big deal, this practice can not only work against your goal of minimizing your tax bill but can also get you in trouble with the IRS.

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