Tax Season -- What Does It Mean?

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For Americans, taxes and everything about them seem to be elusive. They know they have a certain period where they have to do their taxes and a date that they have to be done by, but everything else doesn’t make sense. Many Americans don’t even seem to know that the tax season officially starts on January 1st -- they could have their taxes done months before April 15th!

Each year, though, there are almost always reports of accountants and local tax groups being flooded in early April and working around the clock right to the deadline. Why don’t people know about this? Is it because their companies are vague about sending them tax returns, or is everyone a procrastinator when it comes to the amount of forms? There are so many tax refund companies out there willing to help that it just doesn’t seem to make sense. How can the general public be made aware of the four months they have to do their taxes?


It’s tempting to imagine some kind of commercial, and in fact, many tax companies do run commercials. They run on TV and on radio stations, and they’re beginning to pop up online. TV ads don’t always work well, because many people have the power to skip ads. In addition, it’s expensive to run commercials during the most popular shows! It’s not Super Bowl levels of expensive, but trying to run a commercial for taxes during a show like How To Get Away With Murder? Many tax companies are smaller, and can’t afford the costs, even if a lot of people would see that ad. The radio has similar issues, in that not a lot of people listen to radio stations these days, and trying to get an ad on streaming music like Spotify is tricky. The Internet seems to be the last place for advertisers to go, but if people are picky about their TV and radio, they’re downright snobs when it comes to companies on social media.

What can tax companies do? They rely on word of mouth and their websites. Even if people are coming in at the last minute, they’re going to help them as much as they can, and hopefully those people will remember to come in earlier next year. Tax season is always busy, but it can be made less stressful for companies and taxpayers alike by getting it done early.

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Tax Evasion? Better Not.

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Tax season is frustrating, we know. Getting together all your files and trying to figure out what forms go where and who to ask for help? It can definitely seem daunting at times -- and maybe even tempting just to make up a few details on the form.

Don’t do that.

It may seem like only rich businessmen with lots of money lie on their tax forms, but honestly, it doesn’t take a certain amount of money to do it. Yes, the more money you earn in a given year, the more you have to pay back (and the less you may get in a refund.) And all the movies may make it look cool, like The Wolf of Wall Street and The Big Short, for instance, but seriously, it’s not.

The real-life people in those fictionalized stories didn’t live happily ever after. They went to jail and left their families broke with no real way to make money. If the IRS convicts someone of evading taxes, they have no issues with seizing bank accounts. On top of jail time, there’s usually hefty fines to pay -- and depending on the severity of the evasion and how long it lasted, they can go back and demand money for each year’s worth of taxes.

It’s possible to make honest mistakes on your taxes, of course. It’s very hard to accidentally evade your taxes, and the IRS knows that. If you make a mistake, they’ll notify you and often, they’ll correct it themselves. Taxes are one of the fundamental cornerstones of our economy, and from the IRS down to the tax groups like us, we all want to make it work for you. 

That’s why, no matter your feelings on the government or our economy, it’s so important to pay taxes. Maybe it doesn’t seem like things are so great, but if we all stopped paying taxes, things would get a lot worse. To avoid even making the IRS wonder if you’re trying to evade your taxes, work with a trained group that can help you get everything exactly right -- like iRefund.

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