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Better Business Bureau tax season tips
Source:
valleynewslive.com
- Jan 20, 2017
The IRS has announced they will begin accepting tax returns on January 23, with more than 153 million individual tax returns expected to be filed in 2017. The agency expects more than four out of five tax returns will be prepared electronically using tax preparation software. Better Business Bureau of Minnesota and North Dakota offers tips for the public as tax season looms into view.
“Many people aim to get their taxes done as soon as possible,” said Barb Grieman, Senior Vice President of Better Business Bureau of Minnesota and North Dakota. “If you have someone prepare your taxes, you always want to make sure they’re qualified and will have your best interests in mind.”
This year, a new law requires the IRS to hold refunds for returns that contain an Earned Income Tax Credit or an Additional Child Tax Credit until February 15th, to ensure the claims are accurate. Taxpayers who are changing tax software products this filing season will need their adjusted gross income from their 2015 tax return in order to file electronically.
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Category: General Business
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