It’s Tax Time!

It’s Tax Time!

The deadline to file your federal taxes was extended to July 15. It’s past time to think about gathering up all your tax documents and calculating your numbers.

If you’ve ever filed a tax return, you know it can be a challenge to understand the IRS language on its forms and schedules. Turning to the written instructions sometimes doesn’t help much. They’re quite comprehensive—so comprehensive, in fact, that it’s often hard to find the answer to your exact question. When you do find it, the language, again, can be difficult to decipher.

In-person tax preparers are great for those who don’t want to do the work themselves.

If you are not confident in your tax skills or don’t want to be bothered with preparing your own taxes, a tax preparer can save you some headaches.

Tax accountants

Tax accountants, including CPAs, can help you with tax planning.

Tax planning helps you minimize your future tax obligations. Planners can help you choose tax-sheltered investments, for example, or help you structure your debts to take advantage of tax laws. They can help self-employed individuals maximize their legal deductions.

Tax accountants also have the know-how to prepare complicated returns for businesses, corporations, partnerships, non-profits and trusts.

More Tax Help Needed?

Sometimes, though, a friendly, understandable user experience and clarification of the content displayed on screens isn’t enough. Contact 123 Income Tax Inc. should you have any questions.