Though the holidays are currently in full swing tax season is lurking around the corner. The IRS has just alerted the public that they expect refunds to be processed as quickly in 2013 as they were in 2012. In 2012, 90% of taxpayers received refunds in less than 21 days. The amount of the average refund was $3,000.
To see if you are going to get a refund you can use the new IRS system “Where’s My Refund?” on the IRS web page or click this link http://www.irs.gov/Refunds/Where’s-My-Refund-It’s-Quick,-Easy,-and-Secure. This is a new and improved system on the IRS web page that lets you check when your tax return has been received, when your refund has been approved and when it has been sent to you.
It may feel early but in reality tax season is only a month away! E-filing will officially open for business on Wednesday, January 23rd. The best way to begin tax season is to be prepared. It pays to plan ahead. Here are a few simple ways to be prepared for tax season.
- Have your records prepared and in order a head of time.
- Make a list of concerns and questions for your tax advisor.
- Double check the accuracy of your financial statements.
- Also, check with your advisor on any upcoming new tax laws for the year and how they may affect you.
In the next upcoming month we will give you helpful tips to help you prepare for the upcoming tax season. If you have tax questions or needs our tax preparation professionals are happy to discuss your tax questions free of charge. For more information about our services, visit us today at www.businesstaxpreparation.com. With over 16 years of tax preparation experience we look forward to the 2013 tax season.
For more information about our tax services visit us at www.businesstaxpreparation.com. Contact us by phone at 866.889.6527 to receive a free, no obligation consultation