Our own Rick Henderson, CPA, CFP®, AIF®, has provided his expert advice in a handful of publications recently. In an interview with NBC News BETTER, Rick shared tips to avoid tax fraud this season. His number one suggestion of filing early was picked up by a writer for Inc. in an article on beating scammers:
“Filing early lowers the chance that someone can get in front of you, which is essentially how fraudsters work,” Rick Henderson, principal at Atlanta Financial Associates, told NBC News. “Because what they do is file a fake tax return on the chance that they’re doing so before you. The faster you file, the less chance someone can try to get ahead of you.”
NBCNews.com came back to Rick for input on an article about how the new tax law may impact people’s paychecks. He was quoted alongside Jean Chatsky, NBC News financial editor:
“So many people get into debt because they have no cash reserves and can’t absorb the smallest emergency like their water heater going out,” says Rick Henderson, principal at Atlanta Financial Associates. “If you have any debt, pay it and then build up an emergency fund.”
The article went on to say that Rick also strongly recommends adding more to your 401(k) along with any other retirement plans, as he sees far too many taxpayers skimping in this area.
Great job, Rick!