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Monday, February 3, 2014 - 12:10am
El Paso, TX (KDBC) — We have ten fewer days to file our taxes this year because of the government shutdown. But even with the late start, some El Pasoans rolled up their sleeves and got to filing.
Filing taxes is not a task most people enjoy but it's a job that needs to be done. Melissa decker tells us she files her taxes early, every year. "All the time, right when I get my W-2's I get right online and I file all my tax forms,” Melissa Decker, a West El Pasoan told us because she says she wants her refund ASAP "If you get them done early it's just one less thing you have to do throughout the year."
The IRS has reported the government shutdown forced them to delay this year's tax season and there are other changes that are taking place this year, too. For instance, the removal of some tax breaks including writing off $4,000 in education costs -- gone. If this is confusing, Some residents may reach out for help. Edgar Heop is a tax accountant who provides this kind of advice. "Cause I pretty much know how to file and what I need to do…the earlier you file the quicker you'll get the money,” Edgar Heop who is also a West El Pasoan said.
He advised to gather all receipts, W-2's and 1099's just in case you are audited. "I mean the likelihood of that happening is remote but in the event that it does happen you know the IRS will say hey where's your proof? And you should have that available."
As well as doing a little bit of your own homework, "Don't just go to somebody that's willing to offer turn around for free because there's a lot of traps out there."
And if you're like Decker, all you can do now is wait for your money to arrive. "Splurging maybe? Um. Maybe a little bit, just a little bit,” Decker said.
There are some instances, however, where it may be wise to wait. For instance if you've held more than one job and are waiting for those W-2's and if you've made investments and you're waiting for those documents you may want to wait to file.