The Pros and Cons of a Big Tax Refund

Could a Tax Return Hurt Your Business#8217;s Bottom Line?

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Rating: 4.1 / 5 - 28 votes

Getting a big tax refund from the government each year has its pros and cons. On the one hand, youre getting an injection of cash which you can reinvest in your business, which seems nice. But you might actually be making a financial mistake if you are getting a big tax refund every April.

  • Is There a Downside to Receiving a Tax Refund?
  • Could a Tax Return Hurt Your Businesss Bottom Line?
  • People Like to Splurge on Their Tax Refund

Tax Refund Pros and Cons What Are the Downsides of Receiving

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Rating: 4 / 5 - 26 votes

tax refunds are awesome and therefore. the bigger your refund, the better. This industry has two major players: tax preparers and big-box retailers.. The magnitude of a tax refund can trick you to make poor decisions with at least a portion of it. Frequently Asked Questions.

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The Pros and Cons of Getting a Tax Extension AOL Finance

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Rating: 4.1 / 5 - 29 votes

One quirk of the tax laws is that if you converted a regular retirement account to a Roth IRA during 2013, you can undo that conversion at any time. The Cons of Getting an Extension. 1. You have to wait longer for your refund. If you're due a refund from the IRS, you can't claim it until you file your...

  • The Pros and Cons of Getting a Tax Extension
  • You have blocked notifications from
  • Your accountant might actually have time for you.
  • An extension isn't an automatic audit red-flag.

The Pros and Cons of Filing a Tax Extension

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Rating: 4.8 / 5 - 84 votes

It Preserves Your Tax Refunds. Some people end up filing several years late, and there's a three-year deadline for receiving a refund check from the. Before the enactment of the Tax Cuts and Jobs Act (TCJA), you could change the nature of your IRA by the October extended deadline as long as your...

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KMJ Financial Group, LLC Posts Facebook

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Rating: 4.8 / 5 - 83 votes

Is receiving a big tax refund a reason to celebrate?. With changes in federal--and sometimes state--tax treatment of 529 plans, it's important to keep up-to-date. Qualified withdrawals from most 529 plans are free from income tax at the federal level and sometimes even at the state level.

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Get a Bigger Tax Refund 5 Things You Must Deduct bankscom

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Rating: 4.8 / 5 - 81 votes

Pros And Cons Of Settling.. Want a Bigger Tax Refund? Here Are 5 Things Youre Forgetting to Deduct.. Make your life easier to calculate your tax refund by signing up to an app. Some offer a free trial period to check out their features before paying a cent.

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Tax filing extension pros and cons

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Rating: 4.7 / 5 - 75 votes

You still have to pay any tax that%27s due. If you are getting a refund%2C an extension is not a good idea. Many taxpayers are scrambling right now to meet the Monday, April 15. But there are pros and cons of asking the tax man for an extension, so make sure you know what you are getting into.

10 Pros and Cons of Consumption Tax BrandonGaillecom

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Rating: 3.9 / 5 - 19 votes

How we approach taxes on an individual level is often in a way to protect our best interests. One new approach to taxation, called a consumption tax, would allow individuals to control how much tax they pay each year by controlling how. Here are some of the pros and cons to consider for this idea.

  • Households could avoid paying most taxes every year.
  • No new taxes would be placed on investments.
  • To replace traditional tax structures, it would need to be quite high.
  • For a consumption tax to actually work, it must tax everything.

There are some pros that come along with a big tax refund

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Rating: 4.5 / 5 - 62 votes

What exactly is a tax refund and how does it work? When you start your new job, the HR department or your manager will likely hand you a form, called a. Theres no right or wrong answer when it comes to getting a tax refund. Consider the pros and cons and determine what is right for you: a big tax...

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Here's why that big tax refund isn't great news for you

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Rating: 4.7 / 5 - 76 votes

Many tax refund recipients are putting that money to work. About a third of taxpayers getting a refund expect to save or invest the money, while nearly three. Psychologically, it's not a terrible thing to have a little bit of a refund, said Jeffrey Levine, chief retirement strategist at Ed Slott and Co. in Rockville...

  • Here's why that big tax refund isn't great news for you