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.
Lori Gross, financial and investment advisor at Outlook Financial Center says credit cards bear the brunt and cause you to incur extra costs and fees, like sky-high interest rates.
“The reason the stimulus payments are included in the 2021 tax return is to ensure everyone received the correct amount,” says Rob Burnette, CEO, financial advisor and professional tax preparer at Outlook Financial Center.
“States with low or zero income tax are funding their government somehow,” says Rob Burnette, chief executive of Outlook Financial Center, an Ohio-based company that provides insurance services and asset protection solutions.