Agent gives advice on doing your taxes as tax season begins

Agent gives advice on doing your taxes as tax season begins

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If you are simply filing a W-2, then services like Turbo-Tax or other free online services are okay, but still use caution. If you are simply filing a W-2, then services like Turbo-Tax or other free online services are okay, but still use caution.
"If you get anything in advance, that truly is a loan," said tax agent Caryle Breeden. "That is not you getting your IRS refund back. There will be fees involved whether you realize it or not." "If you get anything in advance, that truly is a loan," said tax agent Caryle Breeden. "That is not you getting your IRS refund back. There will be fees involved whether you realize it or not."

By DREW GARDNER
6 News Reporter

KNOXVILLE (WATE) - Filing your taxes is already a daunting task for many people, but choosing the right place to file can be even harder.

Caryle Breeden is an enrolled agent at Breeden & Company Inc. in West Knoxville. She says while many places claim to be quick and easy, some returns aren't that simple.

"Depending upon the complexity of your return you may want to be able to look for someone who had a little more experience under their belt," said Breeden.

That's why Breeden says it's important to do your homework. If you do have a more complex return you want to look for a certified public accountant, an enrolled agent or a tax attorney.

If you are simply filing a W-2, then services like Turbo-Tax or other free online services are okay, but still use caution.

"So many times there are things that you're not going to know you're entitled to," said Breeden. "The software will ask you questions, but you're limited to those questions to know whether you're really getting everything you're entitled to credit and deduction-wise. "

You also want to be careful when it comes to how you receive your return.  Avoid any refunds that include words like advance, anticipation or instant.

"If you get anything in advance, that truly is a loan," said Breeden. "That is not you getting your IRS refund back. There will be fees involved whether you realize it or not."

Breeden says it is much better to get your refund by direct deposit into your own account.  Although it will take longer, she says if you make the right choices when filing an accurate refund will be well worth the wait  

The IRS began processing tax refunds January 31. Once processed most returns are sent out or deposited within 21 days.

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