Early Tax Return Filing for 2011, 2012

When considering whether to file your tax return early or not, you should consider the benefits for filing an early tax return and the benefits for waiting until the deadline.

Why filing your return early may benefit you:

• Get your refund faster – if you have overpaid your taxes and are expecting a refund you may get your refund faster not only because you have filed your tax return sooner but also because the IRS shouldn’t be as busy as they are in March and April.
• Get it over with – why procrastinate and anticipate April 17^th. Once your tax return is filed you will have peace of mind for the rest of the year.
• Avoid the possibility of missing the deadline and owing the IRS more money – You may think you have plenty of time before the deadline and some unforeseen circumstance may arise in your life and it could cost you in penalties.

Why filing Early may hurt you?

• Maximize your interest – If you owe the IRS money, why pay it to them sooner than you have to? If your money is in an interest bearing account, why not let your money earn you some interest.
• Avoid amending your return – Your employer, university, or Mortgage Company to name a few may make a mistake. If you receive a tax form from one of these institutions and file your return before it is corrected you may have to file an amended return.
• Updated tax forms - making sure the most up-to-date tax forms are available as tax forms change from year-to-year.

To determine whether or not filing your return early is right for you weigh the pros and cons and consider which option is best for your tax situation.

Filing your tax return can be a grueling process; here are some helpful ideas to help ease the process. Find a service that meets your needs, in most cases taxpayers are looking for a service that will give you a number of guarantees, such as:

• 100% accuracy
• Biggest refund possible
• Reduced risk of an audit

Visit TurboTax Online today to help answer your questions regarding filing your tax return early.