**Today’s guest post is contributed by Money Crashers.**
Did you file your taxes early this year hoping to receive a refund in the mail pronto, only to be disappointed?
Many people filed early and were unable to receive their refunds before February due to recent tax law changes forcing the IRS to update their systems at the beginning of the year.
Maybe it’s the death of the rapid return option; I’m not sure. But I do know that I watched many of my friends and co-workers become wide-eyed with panic because they weren’t getting their refund as quickly as expected. Perhaps they had already spent their estimated tax return money with the expectation that they would receive the reimbursement early in 2011. Or maybe they had it earmarked for a bill or other expense.
If this happened to you and you missed a payment of some sort because you didn’t have access to your refund as soon as you would have liked, the silver lining are these three lessons:
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April 15th is fast approaching and there is a lot of information out there. Don’t procrastinate! In order to get everyone into the tax spirit, I wanted to share a few of my favorite sites for helpful tax tips. One of the best places to start is Bankrate’s Tax Guide. Bankrate offers a wealth of […]
As an American facing the economy today, you may be one of the many facing a tax debt with the Internal Revenue Service. Facing a large bill resulting from back taxes and old returns, is a huge problem that may seem very daunting. The IRS is a large agency, and there may be a number […]
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