The Internal Revenue Service recently announced that the nation's 2023 tax season will begin on Monday, Jan. 23, 2023. This means that individuals and businesses will soon be able to start filing returns and getting their refunds. To ensure that everything goes smoothly and quickly, there are a few tips to keep in mind as you prepare for the upcoming 2023 tax season.
Have the Right Information Before Filing
The IRS encourages everyone to have all the information they need before filing a complete and accurate return. This includes gathering Social Security numbers, Individual Taxpayer Identification Numbers, Adoption Taxpayer Identification Numbers, and this year's Identity Protection Personal Identification Numbers valid for calendar year 2023. It is important to make sure all of this information is correct so that your return can be processed without any problems or delays.
Speed Refunds by Filing Electronically and Choosing Direct Deposit
Another way to speed up your refund is by filing electronically rather than using paper forms. Not only is this faster and easier, but it also means you don't have to worry about making any errors while filling out paper forms. Additionally, opting for direct deposit into your bank account is much faster than receiving a check in the mail; plus it helps reduce paperwork.
Take Advantage of our Free Tax Estimate
At Supreme Financial Group, we want to help you beat tax season by getting ahead and signing up for our Free Tax Estimate. With this service, one of our dedicated tax professionals will review your tax documents and information, breaking down your available credits and deductions in order to maximize your return as much as possible. We will then provide an exact quote on the estimated refund you'll receive if you file with us, along with our fee structure so there are no surprises when it comes time to process the return. Best of all, there is no cost to you until you decide to file and no obligation to do so. As an added bonus, our payment options allow you to have the tax prep fees deducted from your refund meaning zero upfront cost. Taking advantage of these services can lend itself to a simpler process that saves you money and time in the long run without any risk at all.