01/27/2024
Filing taxes can get complicated when you're self-employed and had other jobs last year. Even if you only worked part of the year, wait until you have all your W2s before submitting your return. You might be surprised at how much your refund could increase by including all income sources. For example, your business may have earned $10,000, but after deducting expenses, the taxable income is lower. If you also have W2s totaling $8,000 from other jobs, your refund will likely be much larger when factoring those in. This doesn't apply to everyone, but it's crucial to have all tax documents before filing. I've seen many people submit returns early, only to later realize they forgot some paperwork. This leads to amended returns, extra fees from your tax preparer, and possible IRS scrutiny for the omission - all of which delay getting your refund. Let's avoid these problems by gathering all income documents first. That way we can maximize your refund and avoid any hassles down the road.
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