PHOENIX — If you haven’t filed your taxes yet, one financial planner said that’s actually a good thing.
“Let April 15 come and go,” said Financial Planner Jason Vanclef, president and CEO of VFG Securities.
Vanclef said filing an extension provides peace of mind.
“1099s, partnership tax statements, come in late, they’ve become unreliable,” he said.
Another reason is the workload accountants and other tax professionals are carrying this time of year.
“From March to April, they are doing at least 50 returns a day,” said Vanclef. “Is that the really the state of mind of someone you want working on your return? We always suggest our clients to take a rough estimate of their income for the year, do a simple calculation, let your accountant know what that is, pay it and relax.”
Vanclef suggested returning at the later part of June, or first part of July when your accountant is refreshed, relaxed and has an open schedule. According to Vanclef, they are likely to focus 100 percent of their attention on you and less likely to make errors.
Finally, a theory floating around the financial industry suggests filing an extension is a great idea, if you want to avoid being audited.
“Just talking to hundreds of CPAs, it’s believed that IRS agents have quotas and they fill their quotas by April and they have potentially less incentive after that time,” Vanclef chuckled.
If you plan on filing an extension, do it by April 15. You’ll have six months to file.
- Celebrating Fourth of July is much cooler in these AZ towns
- Top ten road trip bathrooms in America
- Six things causing a pain in your neck
- 5 things to make your summer move easier
- Three elements of a strong timeshare exit guarantee
- Stretches and exercises for carpal tunnel syndrome
- The best Major League ballparks have their own personality
- Comparing the best regular seasons: The '96 Bulls and '16 Warriors
- 3 Arizona road trips and the vehicles to get you there
- Colon cancer is preventable. Check these signs and symptoms to stay healthy.
- 6 of the biggest skin cancer myths
- Affordable small home makeover ideas
- Locals helping locals: 6 success stories you need to know about
- Sunscreen facts that could save your life
- 6 energy saving hacks for your home
- 5 tips for choosing a company to end your timeshare
- Overlooked water tips to save you money
- 5 of the most adored gentlemen in professional sports today
- The real danger of sitting at your desk
- Most surprising NBA playoff performances of the last 40 years
- 11 classic baseball movies you must see again
- Finally getting rid of fat: 3 methods that actually work
- 4 reasons cancer survivors should focus on food
- 5 spring cleaning spots everyone forgets
- 5 reasons to look forward to watching the D-backs this season
- Common virus attributed to spike in head and neck cancers
- 5 signs it’s time to end your timeshare ownership
- 3 most overlooked ways to keep your home healthy
- 6 ways the air in your home could be making you sick
- CrossFit dangers: 5 common injuries and how to deal with them