For most filers, the tax deadline is April 18.
before filing your return. Companies send a copy of these forms to you and the IRS every year, making it easy for the agency to flag returns with missing information.
Typically, skipping these details triggers an automated notice from the IRS, which may delay processing or take time to resolve, he said.That's why Loyd targets a mid-March filing date, to make sure clients have all the necessary forms — including documents that may need corrections. For example, if someone discovers an error on their W-2 from work, it may take time to fix the mistake and reissue the form.
"For most of my clients, I'm really urging them to tap the brakes," he added. Of course, you'll still want to give yourself plenty of time to meet the April 18 deadline to avoid aThat said, there's no reason to wait once you have all your necessary forms. One reason to file promptly at that point is the risk of tax-related identity theft, said Eric Bronnenkant, a CFP and certified public accountant at Betterment, a digital investment advisor.
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