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If the thought of filing your taxes fills you with dread, you aren't alone. Many people find dealing with W-2s and tax forms to be a stressful experience. Filing your taxes as a small business owner or an independent contractor can be even more daunting. Working with a tax consultant in Santa Ana, CA, is the best way to ease your tax season stress.
Nervous About Tax Season? Work With Experienced Tax Consultants Working with a consultant is the best way to guarantee that your taxes are completed correctly. A common misconception is that only extremely wealthy individuals work with tax professionals. However, a consultant can help you get the best possible outcome from your return regardless of your income level. Even if your financial situation is straightforward, having a tax consultant assist you in filing offers numerous benefits that you may not have considered.
When you trust a Tax Alliance professional to handle your taxes, they'll conduct any necessary communication with the IRS. In addition, they have advanced automation technology that enables them to contact the IRS as quickly as if they shared an office. You know how critical this feature is if you've ever found yourself on hold while calling the IRS. When dealing with your finances, you want to promptly handle any questions or issues without waiting for the next available representative.
When you employ a consultant, they will go over your finances diligently, looking for any deductions you may have missed. Talking with a consultant before filing season is also a wise move, as they can tell you what information is necessary to claim the most deductions. It's common for the amount of money you can claim in deductions to surpass the modest fee required to hire a professional.If you are a small business owner or an independent contractor, you will need to consult with a professional outside of filing season. In either of those scenarios, you will have dozens of possible deductions you can claim, but you'll need to be staying on top of your mileage and other business expenses during the year.
If you've tried using a software program to file your taxes, you likely know it's a frustrating experience. Chatbots preprogrammed to respond to your questions with generic answers aren't helpful, and the questions designed to help you determine what information to submit are often painfully vague. There's no substitution for working with a professional who knows the details of your financial situation.Unfortunately, most people's lives aren't simple enough to fit into a basic software program, which means, at best, a software program will miss out on saving you money, and at worst, it could cause you to be audited. Whether you have a unique financial situation, work in a different state than you reside, or are currently between jobs; a professional can ensure your taxes are filed correctly.
According to the IRS, it takes approximately 20 hours to finish a tax return with deductions. And that number is based on the assumption that everything goes smoothly and you don't hit any snags along the way. If you have complicated circumstances or something isn't adding up correctly, it's easy to double that amount of time.You can probably think of numerous things you'd prefer to do rather than plugging away at your taxes with a calculator and stack of receipts. Hiring a tax consultant allows you to reclaim that time and use it to benefit you, whether that's relaxing with your family or putting in some extra hours at work.
Since tax season comes just once a year for most people, it's easy to skip steps during filing or make innocent mistakes. If you're self-employed and file quarterly, you may pay your taxes more often, but there's also greater room for error since you have to calculate your estimated quarterly payments.A tax professional will submit your taxes free from errors and make sure no accidents draw attention. While penalties for small mistakes may be non-existent or minor, having even one number off can cause your return to be manually examined, which increases your chances of being audited.
Tax laws occasionally change, and while you may not keep up to date on the variations from one year to the next, your tax professional does. That means you can relax and know that they are current on any legislation affecting your finances and can offer you guidance about the best steps to take to maximize your return.
If you believe you might have missed opportunities to claim deductions or made an error when filing a previous year, your consultant can review prior returns. If they find something out of place, they can submit an amendment and help you claim the deduction you missed or fix the mistake.
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If you recently bought or sold a house, received money from investments, or withdrew funds from your 401K, you'll be dealing with a more challenging financial situation when filing season rolls around. In addition, factors such as having a child, getting married, or even relocating to a new state can impact your filing. A tax professional will know precisely how these changes affect your return and will do the legwork to make sure everything is filed appropriately.
Whether you've missed filing for one year or several, if you're submitting more than one tax return, it's prudent to work with a consultant. Completing tax returns for multiple years will be an extensive, intricate process. Even if you love math, you'll want to sit this one out and let a professional handle things. They have the knowledge and experience to handle the situation, and all you'll need to do is provide them with the necessary documents.
No matter how successful you've been at filing personal taxes, you'll need to work with a consultant to file taxes for your business. Since different regulations apply to business taxes, the data you'll need to input will be extensive compared to personal taxes. Additionally, if you make an error while filing your business taxes, the repercussions will be much more severe.
Go with your gut instinct. If you find yourself procrastinating completing your taxes or sitting down to work on them gives you anxiety, it's time to stop making yourself miserable. There's no shame in reaching out to a professional for tax help.Sometimes clients feel embarrassed to ask questions about their taxes, but there is no such thing as a useless question regarding your finances. If you have questions you need to be answered and are concerned about filing your taxes, the wisest thing you can do is reach out to a professional.Don't let the thought of tax season keep you awake at night. Our experienced consultants are ready to provide you with the help you need. Contact Tax Alliance in Santa Ana, CA, today, and discuss your questions and concerns with our skilled team.
Because of advancements in our technology, we are able to communicate with the IRS electronically, its as if we are in the same office! Faster service and more cost effective!
If you are not happy with our tax services within the initial 21 days, we will give you a 100% refund of services rendered, no questions asked!
You find it, we will match it! Tax Alliance will match and beat (by 10%) any competitive offer. Contact our office today and receive a free no obligation tax consultation.
Because of advancements in our technology, we are able to communicate with the IRS electronically, its as if we are in the same office! Faster service and more cost effective!
If you are not happy with our tax services within the initial 21 days, we will give you a 100% refund of services rendered, no questions asked! We help our clients nationwide!
You find it, we will match it! Tax Alliance will match and beat (by 10%) any competitive offer. Contact our office today and receive a free no obligation tax consultation.
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