Why Waiting to the Last Minute to Do Your Taxes is a Bad Idea
Tax Day 2019 will be here before you know it! Tax Day will take place on April 15, which means you must file your taxes by then unless you plan to file for an extension. There are several reasons though, why you shouldn't be waiting until the last minute. Our Mid-Missouri tax accountants are here to tell you why you shouldn't wait until the last minute to do your taxes. If you still haven't got your taxes done, and would like a professional accounting firm in Central Missouri to take care of them for you before the 2019 deadline, call the Wilson Toellner CPA firm nearest to you. All of our phone numbers and locations can be found on our website at www.WTCPA.com.
The process can take a while.
The process of actually doing your taxes isn't always the quickest, especially if you are missing certain documents, receipts, or other information needs to complete them. What you thought would only take you an hour or so could end up taking much longer than that and you don't want to risk missing the deadline.
The longer you wait, the longer it can take to get your tax refund money.
Remember, the IRS is going to be extremely busy around this time of year, therefore, if you wait until the last minute, the odds are it will take longer to get your check back than if you would have done your taxes sooner.
You might have a problem doing your taxes and not have the time to ask for help.
The problem with waiting until the last minute is you aren't really giving yourself enough time to handle problems if something goes wrong. By not waiting until the last minute to do your taxes, you can ask a professional accountant in Mid-Missouri for help if you need it and they will probably have more time to respond.
You could run into penalties if you are late.
According to the IRS, "April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. By law, the IRS may assess penalties to taxpayers for both failing to file a tax return and for failing to pay taxes they owe by the deadline."
Our Central Missouri accounting firms prefer to take a proactive vs. reactive approach to tax services. We keep current on new tax laws and legislation, so we are in a position to identify KEY tax planning opportunities that minimize both your current and future tax liabilities. Wilson Toellner CPA provides our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services we offer include but are not limited to:
1. Tax planning & return preparation
2. Taxing authority representation
3. Divorce and support issues
4. Tax effects of buying/selling a business
Call today for your consultation.
Why Waiting to the Last Minute to Do Your Taxes is a Bad Idea
The process can take a while.
The process of actually doing your taxes isn't always the quickest, especially if you are missing certain documents, receipts, or other information needs to complete them. What you thought would only take you an hour or so could end up taking much longer than that and you don't want to risk missing the deadline.
The longer you wait, the longer it can take to get your tax refund money.
Remember, the IRS is going to be extremely busy around this time of year, therefore, if you wait until the last minute, the odds are it will take longer to get your check back than if you would have done your taxes sooner.
You might have a problem doing your taxes and not have the time to ask for help.
The problem with waiting until the last minute is you aren't really giving yourself enough time to handle problems if something goes wrong. By not waiting until the last minute to do your taxes, you can ask a professional accountant in Mid-Missouri for help if you need it and they will probably have more time to respond.
You could run into penalties if you are late.
According to the IRS, "April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. By law, the IRS may assess penalties to taxpayers for both failing to file a tax return and for failing to pay taxes they owe by the deadline."
Don't Wait Until the Last Minute for Your Taxes and Call Wilson Toellner CPA
Our Central Missouri accounting firms prefer to take a proactive vs. reactive approach to tax services. We keep current on new tax laws and legislation, so we are in a position to identify KEY tax planning opportunities that minimize both your current and future tax liabilities. Wilson Toellner CPA provides our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services we offer include but are not limited to:
1. Tax planning & return preparation
- Individuals
- Corporations
- Partnerships
- LLCs/LLPs
- Estates, trusts & gift
- Not-for-profit organizations
2. Taxing authority representation
3. Divorce and support issues
4. Tax effects of buying/selling a business
Call today for your consultation.
Our Success Stems From Your Success
For tax preparation services you can count on, call:
Sedalia -- (660) 827-4990
Marshall -- (660) 886-6815
Camdenton -- (573) 346-6822
Lake Ozark -- (573) 964-5739
Check out our website: www.WTCPA.com
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