I’m amazed at how many of our virtual accounting clients are asking us to get everything to their CPA so they can file their tax returns right away! Hold on! Are you sure Congress is done passing laws that will impact last year’s tax returns? I’m not!  Historically Congress has passed laws after the first of the year (sometimes as late as March!) that retroactively impact the prior year’s tax returns. If you file before those changes are made, you may need to go through the hassle and expense of refiling your tax returns.

Most CPAs request that corporate clients have everything to them no later than February 15th to meet the March 15th filing deadline and that partnerships and individuals have everything to them no later than March 15th to meet the April 15th filing deadline.

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