Five Reasons to Get a Jump on Filing Your Taxes
#5 – The risk of identity theft is reduced
A more common crime in recent years has involved the filing of fraudulent tax returns. Scammers may be looking to collect a tax refund utilizing your Social Security number. If you file early, you’ll already have your tax return on record and it will alert tax agencies that a second, phony return has been filed in your name.
Starting your tax work now can also make the process less stressful. Begin gathering your income and expense records and contact your tax advisor.
Bennett C. Whitlock III, CRPC®, is a Private Wealth Advisor and Managing Director with Ameriprise Financial Services, Inc. or Whitlock Wealth Management, a private wealth advisory practice of Ameriprise Financial Services, Inc. in Lake Ridge, Virginia. He specializes in fee-based financial planning and asset management strategies and has been in practice for 25 years. To contact him, whitlockwealth.com[1], 703.492.7732 and 12848 Harbor Dr, Ste 101, Lake Ridge, VA 22192.
Ameriprise Financial Services, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation.
Investment advisory products and services are made available through Ameriprise Financial Services, Inc., a registered investment adviser.
Ameriprise Financial Services, Inc. Member FINRA and SIPC.
References
- ^ whitlockwealth.com (whitlockwealth.com)
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