This is what could go wrong if you wait too long to file your taxes.
div > div.group > p:first-child"> That doesn't you mean should procrastinate. If you wait until the last minute, you could run into headaches, expenses and other problems."A lot of people are blindsided by their tax bill," said Greg McBride, chief financial analyst at Bankrate.com.The sooner you file, the sooner you'll know if and how much you owe the government.
"People who are trying to scam the system are getting their fake returns in very early," said Martin Davidoff, a certified public accountant and tax attorney based in Dayton, New Jersey."Getting it in earlier is a defense against identity theft."If you wait until the final days to work on your taxes, you might have to frantically hunt down 1099s or call a relative to ask the cost basis on stocks they gave you.
"As things come in, we put them in a queue, first in first out," Davidoff said."You'll get more attention from your tax preparer if you get it in in March than if you get it in in April." "When I work with clients, I'm also planning with them for 2018," Thompson said."It's the time of the year they're in our office."
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