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When it comes to talking about tax returns, it never takes too long to come around to the concept of procrastination. It may be odd to speak of it this early in the season, but I think that these early days may be a big part of why it happens.
The seed of not wanting to deal with taxes sometimes can come from a feeling of being overwhelmed. Between just two spouses, never mind any children they may also have, a pair can easily get to 20 tax forms received in January. This doesn’t seem so bad when it comes to the first few, but if they’re just going into a pile, that mass ends up looking like it is going to take some time to conquer by the end of the month. This is when having someone else handle your filing can be very helpful. You don’t need to have received everything to do your part, and you don’t need to understand exactly what every form says. Instead, just be sure that you are starting to do something with them instead of letting them sit on the counter. For our clients, we have opened tax season on TaxDome, which is a portal that allows you to save your information as it comes in. We won’t begin the process of getting your tax return prepared until you let us know that everything is in and things are ready to go, but passing any forms along gets you that much further down the road. The key to defeating procrastination is to not be defeated by it, the more time goes on when you have done nothing, the more difficult it is to get started. While the weight of getting something done for your taxes is low now, that means it’s the best time to get started. So yes, you have received a lot of forms in the last month, it can look like a lot, but we promise that if you start on them soon, it won’t feel as bad as you fear and will only help as we move through the tax season. Warmly, Josh Bousquet Connect to Us ~ Facebook ~ X To ensure we don't make the folks at the IRS ornery, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.
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