Tax Hive Featured in AOL on 3 Times Filing Taxes Early Can Actually Save You Money
Overview of the Article
This AOL article explains how filing taxes early can sometimes provide financial advantages for taxpayers, depending on their circumstances. While many people wait until the filing deadline approaches, the article highlights situations where preparing and submitting a return early can help individuals avoid complications later in the tax season.
The article discusses several scenarios in which filing early may be beneficial, including reducing the risk of tax identity theft, giving taxpayers more time to plan for a balance due, and helping ensure smoother communication with tax professionals during the busiest part of filing season. Gene Bott of Tax Hive was featured in the article to provide expert insight into how early filing can help taxpayers better manage potential tax obligations and avoid unnecessary stress during tax season.
Expert Commentary from Tax Hive
Primary Featured Quote
“If you know you're going to owe taxes, filing early gives you time to prepare for the payment before the deadline.”
— Gene Bott, Partner and Tax Advisor at Tax Hive
Additional Quoted Insights
The article explains that filing earlier in the season can also help taxpayers avoid delays caused by identity theft or fraudulent returns filed using stolen personal information. Submitting a legitimate return sooner can reduce the risk that a scammer files first and disrupts the taxpayer’s refund or filing process.