You Can Avoid The Inconvenience Of A Late Tax Refund

Once again tax refunds for early filers in 2014 will be delayed.  Refunds were delayed in 2013 and 2014 because Congress didn't enact it's 2012 or 2013 tax laws until the following January. This is going to happen again for 2014 returns filed in 2015.

But there a way to avoid this problem.  The work-around is to reduce your withholding for November and December.  This will put the refund dollars you would have expected to collect in the form of a refund in January or February 2015 when you file your return into your hands now.  The reduction in withholding puts the cash into your paychecks now, instead of into your refund later.

- Mark S Gleason CPA
 - www.lakes-cpa.com