tax error

[/tæks ˈɛrər/]
nounpl: tax errors
erro fiscal
1. A mistake or inaccuracy in the calculation, reporting, or filing of taxes, whether intentional or unintentional
The accountant discovered a tax error in the company's quarterly return.
O contador descobriu um erro fiscal na declaração trimestral da empresa.
2. An omission or misrepresentation of financial information on a tax return that results in incorrect tax liability
Filing a tax error can result in penalties and interest charges.
Cometer um erro fiscal pode resultar em multas e juros.
3. A discrepancy between reported tax information and actual tax obligations as determined by tax authorities
The IRS audited the business due to a suspected tax error.
A Receita Federal auditou o negócio devido a um suspeito erro fiscal.
In Brazil, tax errors are taken seriously by the Receita Federal (Federal Tax Authority), and correcting them promptly through an amended return (Declaração Retificadora) is important to avoid penalties. In the USA, the IRS actively pursues tax errors through audits and examinations. Both countries allow for amendments and corrections, but unintentional errors are treated differently from deliberate tax evasion.
Synonyms / Sinônimos
tax mistaketax discrepancytax inaccuracyfiling errorcalculation error
Antonyms / Antônimos
tax complianceaccurate filingcorrect return

Regional Variations

General Brazilian
erro fiscal
Standard term used in tax and accounting contexts
Rio de Janeiro
erro na declaração de imposto
More detailed phrasing, sometimes preferred in formal contexts
São Paulo
erro fiscal
Preferred term in business and finance sectors
Portugal
erro fiscal
Same term used, though tax procedures differ from Brazil

Related Words

tax returnauditpenaltytax liabilitycorrectionamended returntax frauddeduction

Related Idioms & Phrases

catch a tax error
correct a tax error
amended return to fix tax errors
face consequences for tax errors
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