Early Tax Preparation Services
Working on your annual tax return early is both the best and the most underutilized strategy for increasing the amount you owe the IRS, as well as decreasing your overall audit risk. Why do more people not take advantage? Well, we think there are two main reasons – procrastination and fear. Of course, you are very busy and you know that the tax deadline is not until April 15th each year. While you have good intentions about starting earlier than last year, something always gets in the way. It’s classic and happens to everyone. A more subtle reason behind our reluctance to act early is often the issue of fear. The IRS can be intimidating and the thought of being surprised with owing a lot of money come April 15th can be scary. So, many people end up putting off preparing for their taxes early despite all hopes that they will begin in plenty of time.
This year, we would like to change this! There are many, many reasons why people wait until the last minute to work on their taxes, but you may not be fully understanding the benefits of working on them early:
1. Data suggests procrastination leads to errors and overpayment
Experts believe that people who file at the last minute rush through their taxes, make more mistakes and overpay by as much as several hundred dollars.
2. Get your refund sooner
Your refund is YOUR money, so you should get it in your pocket as soon as possible. The earlier you file, the sooner you get your refund check. You should collect the interest on your money…not the IRS.
3. Method of filing
If you wait until the last minute to file, you limit your options for support and help with getting your taxes in. For example, you can partner with a tax firm if you begin work early enough and this often eliminates all errors in your return and saves you additional money.
4. Get it over with
Why worry for months about what you might owe, how you are going to pay and have worst case scenarios running through your head. It’s always best to know the facts so that you have time to come up with a plan to manage the issue.
Success Tax Relief can help you get started early this year
So, it’s never too early to start this year’s tax preparation. It will save you time, money and a lot of last minute headaches. If you think that it would be easier to jump start the process with some help and support, consider contacting Success Tax Relief for help. We have been working with clients just like you for more than 30 years and have extensive experience with tax preparation, audit prevention, as well as more complicated tax issues such as negotiation for installment agreements and offers in compromise when individuals cannot make full payments. Success Tax Relief can help alleviate the burden and nagging of routine tax preparation. A simple call to us at 1-877-825-1179 can get the process started now!