Benefits of Tax Planning in 2023

December 23, 2022

There's a lot to gain from starting your tax planning before December 31, the end of the current tax year. This remains true even if you still don't know when the next tax season is scheduled to start. Our certified tax preparers want to take this opportunity to tell you all about the benefits of planning your 2023 taxes, and how an early start can grant you tax credits and refunds.


Generally speaking, the Internal Revenue Service (IRS) notifies citizens about the beginning of the new tax season around the second week of January. That's why it's so important to get a head start on your tax planning: it will help you make the best of all the benefits of a timely process. Planning your taxes in advance also helps you reduce the risks of errors or omissions within your tax forms and provides the ideal timeframe to calculate all your data properly before scheduling your payments.

Where To Start?

Tax planning begins with rounding up all relevant documents and records. This includes fees, bills, payment receipts, and other documents that were issued during the year. You should also start singling out the tax forms that match your type of tax identification. If you're a dependent worker (employee), you need to request Form W-2 which records all the income you've obtained over the year and the withheld amount. If you worked for different companies during the same taxable year, you need to ask for the form in each place of employment. If you work independently, you need to request Form 1099 from the businesses or individuals that have hired your services in the past. This form lists the income corresponding to your professional fees.


Once you've gathered all the required tax-related information, you need to start entering the relevant forms so you can be among the first people to file your taxes. In turn, you can be among the first to obtain maximum tax refunds. If you're unsure about the right way to navigate the process, now is a good time to request the assistance of a professional tax preparer. Your tax preparer can help you fill out your forms, especially if you're still learning to master the English language. Having a professional with fluency in both English and your native language can help you a great deal when it comes to planning and preparing your taxes.

Filing Your Taxes on Time Leads to a Prompt Refund

We've stressed many times that a timely process in the presentation of your waxes will result in a convenient refund. Whether your file your tax return electronically or in person, it will take a week for the IRS to review your information and an additional twenty-one (21) day-period for the refunds to reach you.


We need to point out that your tax returns must have no errors, miscalculations, or omissions. Otherwise, it will take much longer for the information to be validated and your refund payments will also be delayed. For this reason, we always recommend the assistance of a professional tax preparer who can help you fill out your information accurately and efficiently. With a certified tax preparer on your side, you can make the best of your refunds and any other tax credit, if you qualify for them.

Are You an Undocumented Immigrant with Over 30 Days in the U.S.? It's Time to File Your Taxes

Many undocumented immigrants are unaware of this fact, but tax laws state that every person has the obligation to file taxes after they spend more than 30 days inside the country. It doesn't matter if the filing doesn't result in payment, and residency status doesn't exempt people from adhering to this law. Those who become familiar with tax-related laws tend to put off their tax-filing responsibilities out of fear of deportation. However, there's a tax information privacy law that protects all taxpayers regardless of their migration status.


If you're an undocumented immigrant and wish to prove upstanding conduct, you can start by getting an Individual Taxpayer Identification Number (ITIN). While this number will not guarantee legal residency, it will put your good character on record, and the federal government will take it into consideration when you request your American citizenship. An ITIN will allow you to file your taxes within the timeframe established by tax laws.

Our Certified Tax Preparers Help You Plan Your 2023 Tax Return

There's no better way to prepare for the upcoming tax season than by enlisting our preparer's professional assistance. Our specialists have all the credentials to help you with the planning, preparation, and filing of your 2023 taxes, and we offer the latest technology to monitor your tax credits. Our top-tier organization system and our team's professional history ensure the best assistance on everything pertaining to accounting and tax preparation.


United Tax & Accounting Group will tailor its services to meet each taxpayer's needs, including undocumented immigrants who wish to start filing their taxes as per the country's tax laws. Our services also extend to tax planning in Spanish, providing a smooth, stress-free process for those unfamiliar with the English language.

Don't miss this chance and start planning your tax returns today! To get in touch with our tax preparers, you can call (786) 214-2018 or fill out our website's contact form. You can also send us a message via our online chat, and we'll clear out all your doubts. Our specialists will be happy to assist you and your company.