The Early Bird Gets the Worm – Er, the Refund

by admin

The Early Bird Gets the Worm – Er, the Refund

by admin

by admin

Here at La Familia Multiservices, we have one thing in mind: you. As a dedicated tax firm with a proven record of success, we pride ourselves on helping all of our customers – individuals, small-to-medium businesses and large corporations alike – get the biggest tax returns possible. (And we’re pretty proud of it, too.) From preparing and filing your tax returns, to handling any liabilities that might pop up along the way, we’re here to make the process both easy and effective. And with tax season already upon us, there’s no time like the present to get started.

While many taxpayers like to wait until the April 15th deadline to file their returns, waiting ‘til the last minute can often make life a little harder. Here are just some of the reasons why filing your 2016 tax returns now might actually benefit you later:

You could get your tax refund early.
Think about it. It’s common sense: filing your tax returns early means an early tax refund, as well. Paper returns can take weeks, so take our advice and e-file your taxes with a direct deposit to your bank. In most cases, you’ll see your refund as soon as 10 days from the time you filed online – which means you could go on that long-awaited shopping spree in February, and not April.

You’ll have more time to pay the IRS.
Many taxpayers will file their taxes and find that have a balance due to the IRS. These payments aren’t due until tax day, April 15th, so submitting your returns in January will give you roughly three months to save until you’re able to pay them off. That’s much less stressful than having, say… three days.

You’ll get the information you need to make important financial decisions.
Our taxes determine a lot of things: like what kind of mortgage we can get, how much money the government thinks we make, what financial aid we qualify for, and the list goes on and on. In fact, when you try to buy a house or apply for financial assistance for college tuition, one of the first things you’ll need to show are your tax returns from the previous year. If you anticipate a big financial decision in the near future, file your taxes early – it will give you a head start on that process.

Filing early helps prevent tax identity theft.
As much as we try to avoid it, tax fraud does happen, and it’s an absolute pain to deal with. When your tax identity gets stolen, that means that 1) someone is trying to steal your tax refund, and 2) you usually have to go through a long, drawn-out process that could delay your refund for weeks, or sometimes, even months. These scammers aren’t new to the game and often get the job done earlier in the season. By filing your taxes in January or February, you have a better chance of evading this issue, and as a result, getting your refund quickly and easily.

Got questions? We’ve got answers. For more information about filing early, or to find out how to get started, contact La Familia Multiservices at one of our locations.

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