Tax Day isn’t anyone’s favorite holiday. Whether you own a corporation or started your first part-time job last year, the April deadline is stressful for the entire U.S. population. But if you’ve filed your taxes on time this spring (by April 17), it’s time to celebrate. Here’s how you can kick back and relax at the end of this tax season:
1) Put your tax documents in hibernation: Time for those W-2s and receipts to catch some Zzzs in a secure place. Don’t throw them away, though: you may need to reference them if the IRS alerts you of mistakes that need to be corrected on your tax return, or if the IRS audits you.
2) Thank your tax preparer: Give a shout-out to anyone who helped you file this tax season, including CPAs or even your spouse. This is their busiest season, after all. Tax professionals can help beyond the preparation by reviewing amended returns, protecting against audits, and addressing back taxes.
3) Look for your tax refund to hit your bank account: Expecting a federal tax refund? The average federal tax refund is $2,895, which could mean it’s time to get those new shoes you’ve been eyeing. Your bank statement will show the extra cash typically within 21 days of your filing date. You can check with the IRS “Where’s My Refund?” tool for more information on your expected refund.
4) Have a glass of wine: Sit back and relax – you’ve earned it. #Cheers
Not celebrating this Tax Day because of owed back taxes? Tax Defense Network can help find the best solution for your situation and negotiate with the IRS on your behalf. It’s easy and free to get started. Call to speak with a tax analyst for your no-cost, no-commitment consultation today at 877-588-1098.