More Reasons to Be the Early Bird When it Comes to Taxes
More Reasons to Be the Early Bird when it comes to Taxes
Tax season has already been in full swing for a couple of weeks now, but if you’re still on the fence trying to decide if you should file early or late, then perhaps some of these items will encourage you to get started as soon as possible. There are a lot of good reasons to file your tax refund early, including getting your refund sooner, but there are several others, as well.
If you fall into the category of those who owe taxes, by filing them early you will have more time to make arrangements to pay them off. That’s because you still get the full time until the deadline to reconcile with the IRS.
Although this doesn’t apply to everyone, anyone buying home will want their taxes done early, because lenders want to see several years of your tax returns in order to determine of you will be able to make your payments. Having your most-recent taxes done could help speed up the approval process.
Are you an early bird?
If you give yourself more time by starting early then you are more likely to catch mistakes or errors that you might miss later on because you are in a rush to get them done before the deadline. Plus, you won’t have to file for an extension.
Head Start on Taxes
By getting a head start on your taxes early you can beat the would be tax scammers that are out there trying to steal your refund and your identity. The quicker you file your return, the less time a scammer has to take your money. After you file, they can’t get your refund, so file as early as you can.
Lastly, the earlier you get your taxes done, the less time you’ll have to spend worrying about them. That’s a good enough reason for most people in and of itself.
We hope you found this article about “More Reasons to be the Early Bird when it comes to Taxes” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
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Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the s
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Tom Wheelwright sits down with Alan Olsen, Host of the American Dreams show to discuss tax free wealth. Transcript: Alan Olsen Welcome to America Dreams. My guest today is Tom wheelwright CPA, Tom, welcome to today’s show. Tom Wheelwright Thanks, Alan. It’s really always good to be with you. Alan Olsen I am really excited…
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