Take these three steps to prevent any delay in your refund!

1) Obtain All Your Documents!

Don’t let your mail pile up on the counter for too long! This is the time of the year when Taxpayers start receiving their important tax documents. This includes the following:

• Employer issued W-2’s

• 1099 Forms from banks or other income sources

• 1095 Tax Forms for Health Care (1095-A, 1095-B, 1095-C)

• 1098-T Tuition Statement issued by post-secondary institutions and eligible colleges

Providing us these important tax documents ensures that we can accurately complete and file your tax return in a timely matter; getting you your refund on time!

2) File Early!

In 2017, more than 152 million filed their tax return. At this mass volume of individuals, it’s very easy to reason with the old adage of “the early bird gets the worm.”

You may think you have an easy tax return, but wait…..your preparer just noticed a mistake from last year and it’s close to the deadline date! Getting in early with a Professional Tax Preparer  not only keeps you from the edge of that “Penalties & Interest” pitfall, but it also helps you get your refund quickly!

Whether you got all your documents or not, you can register today and start your 2017 Tax Return. Click Here To Start

3) Go Paperless!

Electronically filing and direct deposit is a sure way to get your tax refund fast! The IRS estimates that taxpayers who efile and opt in for direct deposit can receive their refund within 21 days. However, they have noted that those who claim the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) cannot receive refunds before mid-February due to their processing system.

Heads Up: If you are one of those unfortunate individuals who wait too late to file and there are errors in your return, you may not receive your refund as quickly. So get a Professional Preparer and don’t worry about a delay in your refund!

If you have questions or want to start preparing your 2017 Tax Return, contact us at info@palazzotax.com or call us at (228) 396-8800. Our CPAs and Professional Advisors work with clients all over the world and can help you regardless of your location.