2014 was supposed to be different for you. Winter
is almost over (hopefully), and it looks as though your New Year’s resolution
of being on time has gone out of the window. You’re racing towards the April 15
deadline for filing your taxes, and now you just don’t know what to do!
Stop panicking; here are some good tips to get
the ball rolling and get you started:
- Go to a
Professional. Gather your important paperwork and head to your nearest
Liberty Tax. Your tax preparer will handle the tedious work for you and
submit your return on time. They will double check to make sure that numbers
are accurate, getting you the highest possible refund or lowest amount owed. Your
return can be fully processed in a matter of minutes, which leads me to my next
- Opt for
direct deposit. Why wait for a check in the mail? This safe and secure option
gets your refund into your hands faster so you can use that money for the
things that matter most.
- Can’t pay?
File anyway. The IRS allows you to make payments towards what you owe and doing
this minimizes your penalties. If you have questions, your tax preparer can
give you a rundown of your payment options. You can also find more information
on the IRS’s website.
- Request an
extension, if necessary. Remember, this gives you more time to submit your
paperwork, not extra time to pay taxes. Submit Form 4868 to the
IRS electronically or through the mail. Once you are approved, the IRS gives
you an extra 6 months to submit your paperwork. You can also request an automatic
extension by paying a portion or all of your
estimated income tax upfront.
for next year. Avoid the stress and headache by not waiting until the last
minute. Procrastination is not your friend! Instead, prepare ahead of time,
keep all your important documents handy, and know what questions you want to
ask your tax preparer regarding tax credits and other deductions.
has been a confusing tax season for us all. Select a filing option that works
best for you to avoid unnecessary penalties this year. The deadline is
approaching, so act fast and hurry into your neighborhood Liberty Tax. We’re here ready to help you!
Disclaimer: Every effort has been taken to provide
the most accurate and honest analysis of the tax information provided in this
blog. Please use your discretion before making any decisions based on the
information provided. This blog is not intended to be a substitute for seeking
professional tax advice based on your individual needs.