When do you file your tax return Kissimmee? Do you do this just before April 15 or do you do it a lot earlier than the deadline? The IRS has already started processing taxes since the 31st of January. If you are among the early filers, you can enjoy many tax advantages. Here is a look at the primary ones of these.
Have your money early rather than late
This is probably the best reason for filing your tax return Kissimmee at the earliest. Your refund will be processed earlier and there will be no delays as such. Consequently, you will get it more quickly than someone who files his tax return Kissimmee in March or April. Generally, if you file early, you can get your refund within just 21 days, but if your file it closer to the deadline, it will probably take up to 31 days or longer.
According to a representative from the IRS, asking an accountant to file your tax return Kissimmee is a good choice because you will be done with your taxes quickly and will be able to file in January or February. This is the time when the processing centers of IRS are not that busy and your refund will be processed faster. This should take around three weeks, but if you e-file your tax return Kissimmee, you can get it even earlier.
Filing early helps with financial aid
If any of your children are in college, you will have to sort out your taxes as quickly as possible so that you can get the maximum possible financial aid. You will not have to do this yourself, but IRS will do it on your behalf and send your tax details to the concerned authorities.
Quicker tax returns may be of help if you are divorced and have kids
Do you have kids and did you go through a divorce in the past? Yes, we know the situation is stressful, more so when you factor in your financial troubles. Obviously, if you claim your children as dependants, you will have to pay lower amounts on taxes. However, if you and your ex-spouse do not agree on who can claim the children as dependent, you should defiantly file at the earliest because the IRS lets the individual who files first claim the children.
There will be reduced chances of you become a victim
Cases related to identity thefts have become very common as other people try to cash out on returns that do not belong to them. File your tax return Kissimmee quicker, and there is a less chance that someone will file it under your name. Also make sure you check the direct deposit box for getting your refund do that you do not have to bear stolen checks.
You have plenty of time to deal with mistakes
If you file early, you will have enough time to sort out your taxes and ensure you make no mistakes in the process.
If you need more information about our Kissimmee accounting and tax services, please contact us at 407-502-2400. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, and Hunters Creek, FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin numbers, incorporations, and non profit 501c3 tax exempt status applications.