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Quick Picks: Why you Should File your Income Taxes
Why you Should File your Income Taxes
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Part of the video series: Advice for Your Income Tax Deductions
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Summary: Learn all the important reasons why you should file your own income taxes in this free educational video on about understanding your income tax deductions.
Views: 911 | Tags: finances, income, incometaxes, incomedocuments, incometaxtips, incomereturns, personal finances
About the Expert
Tom Choisnet Tom Choisnet was born, raised, and educated in San
Bernardino, California where he has his practice today. He has been in self-employed tax practice fo... read more
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Why you Should File your Income TaxesQuit often I ask what happens I'm asked what happens if I don't file isn't it against the law that we have to file taxes. It's always a good argument but the congress does have the power to levy and collect taxes so you should always file your taxes return. If you don't and you don't respond on to the letters the government sends you they will file for you if you happen to have a profession they'll include it the gross income figures based on the average income for your particular profession. If your working person and your W2's are out there they will include all that income and will not allow you your personal exemptions. So you'll pay a lot more taxes by not filing in the long run you do if you file timely so it's very important that you file your taxes every year you'll be glad that you did, thank you.
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