“If you can’t get a copy before the due date of the return, file an extension to get additional time,” said Rob Burnette, CEO, financial advisor and professional tax preparer at Outlook Financial Center in Troy, Ohio.
“The returns these [free online filling] programs are good for are taxpayers that have a single or married filing joint status, W-2 income only and take the standard deduction,” says Rob Burnette, financial advisor and professional tax preparer at Outlook Financial Center.
There are several complicated situations in which you may struggle to file taxes — e.g., if you own a small business or rental properties. Rob Burnette, CEO at Outlook Financial Center, said tax professionals may offer assistance for those.
For starters, financial advisor Rob Burnette of Outlook Financial Center in Troy, Ohio points out that filing early can reduce your exposure to someone fraudulently filing a return using your identity.
"Tax planning should be a part of every financial advisor's approach to growing a client's investable assets and retirement income," says Rob Burnette, CEO, financial advisor and professional tax preparer at Outlook Financial Center.
“Many people will file extensions because they can’t pay a balance due, and some just don’t file at all,” said Rob Burnette, CEO, financial advisor and professional tax preparer at Outlook Financial Center.