When does tax season start
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When are taxes due with extension
Deadline for employers to mail w-2s to their employees!
How long should you wait before filing taxes? Surprise! Later can sometimes be better
Tax preparers and the IRS encourage you to file taxes early.
Irs due date postmarked or receivedBut there are times you may want to consider filing later, closer to the tax deadline, or even request an extension.
What are those times and how would you know if you should?
Some are easy calls, like if you had an account at the bankrupt, scandal-ridden cryptocurrency exchange and crypto hedge fund FTX.
With alleged wide-reaching fraud and more than a million creditors and investors, it might take a while to untangle the schemes and see if anything is recoverable and know how to handle the outcome on your tax return.
However, there are other good reasons to wait on your tax return, including making sure you have all the proper tax documents, accountants say.
It’s true if your income streams are few and straightforward like work or savings accounts, you’ll likely be able to file your taxes right away.
Those forms must all be sent to you by the end of January and are usually correct.
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