While you still have time before the tax filing deadline, that doesn’t mean you should procrastinate. Not only will taking care of your tax return preparation early eliminate most of the pressure, it can also lower your bill and even prevent some serious problems with the IRS. Below are just a few of the reasons to file your taxes as soon as possible.
4 Benefits of Early Tax Return Preparation
1. Prevent Fraud
If identity thieves get ahold of your Social Security number, they can file a fake tax return and steal your refund. Because the IRS will kick back any duplicate returns, filing your taxes early will reduce your chances of being a victim of fraud.
2. Maximize Your Deductions
People who put their tax return preparation off until the last minute often lose track of important paperwork documenting valuable deductions, or forget the purchase entirely. Making an appointment for your tax preparation early gives your tax preparer time to review your expenses and ensure you get every deduction for which you qualify.
3. Fix Any Issues
If your tax return preparation professional finds a problem the day before the filing deadline, you probably won’t have time to hunt down any missing paperwork in time. Starting the process as early as possible gives you the opportunity to correct any deficiencies without incurring penalties from the IRS.
4. Get the Help You Need
As the filing deadline approaches, most of the best tax preparation offices are unable to take on new clients. Booking your initial appointment before the rush starts ensures you get to work with the individual you choose, who will have more time to dedicate to your returns.
As Texarkana, TX’s go-to accountants, the staff at Young Hoy & Burnett CPA provides reliable and accurate tax return preparation for individuals and businesses throughout the area. When you hire their team to help with your taxes, rest assured you’ll receive personal service that exceeds all your expectations. Visit their website for more on their services, or call (903) 794-2211 to make an appointment today.