By Tim Kowols
With over 150 million tax returns filed in 2016, tax preparers are beginning to hit their busiest time of the year. With forms such as W-2s and W-4s being exchanged and 401Ks and IRAs being cashed out, many people are hoping not to have any surprises when they do file. Gay Pustaver from Money Management Counselors advises those getting ready to prepare their taxes l to make sure they understand the financial ramifications their decision in the past year may have had.
Pustaver recommends talking to certified public accountants or investment strategists if you have any questions on where your money might be heading in advance of the tax filing deadline on April 17. Taxpayers get an extra two days due to April 15 occurring on a Saturday and Washington D.C.’s Emancipation Day on the following Monday.