Tax season is just around the corner and now is the time to start making a plan for how you will handle the upcoming returns. In 2014, roughly 86% of individuals filed their taxes online. But with fears of audits on the rise, many of today’s small businesses and middle class families are skipping the free e-filing options to work with professional accountants and tax attorneys who specialize in audit protection services.
When you decide to work with a tax resolution agency, you get a full scale service that can handle everything from filing tax returns to representing you in the case of an audit. If you end up owing money at the end of the year, your tax resolution agency can help you negotiate an installment agreement with the IRS to make the tax bill a little more manageable. Let’s take a look at some of the ways a professional tax agency can assist you.
This professional is going to be able to help you with your individual tax return. Maybe you have tried to complete your taxes online but you were confused about what information needed to be entered. Maybe you did not know what deductions you were eligible for. No matter what the reasoning is for avoiding an online return, the tax resolution agency can complete an independent return without any problems. It will often take them a short amount of time to complete the return and then they can enter it online so that you receive your refund in no time.
A tax resolution agency can also help you navigate the complicated world of business taxes. These can become very difficult for those individuals that operate large companies with multiple employees. This is especially true if you have a lot of business deductions. It can be difficult to determine what deductions you are allowed to take. However, a professional accountant will know the laws and they will know what you are allowed to do and what you are not allowed to do. Having the correct information will make it very easy to file and avoid a possible audit down the road.
Now, what would happen if you filed your taxes on your own and you were pulled for an audit? Receiving this letter in the mail can be very frightening. That is why it is always best to have an accountant working for you. This professional will know exactly what to do. They are going to be able to understand the letter that you have received from the IRS and they will know how to respond. When you have a personal accountant and a tax resolution agency, they will be able to handle all of this for you. This definitely decreases any stress that you might be experiencing.
If you are considering hiring a tax resolution agency to help with your taxes, make sure you do your homework. Take time to read reviews online and find a company that has a proven track record of success.read more
So you have decided that you would like to find a tax attorney to handle your taxes and protect you from future audits. This may seem uncommon in today’s society since more than 120 million Americans opt to file their taxes online. But even with the flood of opportunities to file taxes using automated software, there is no substitute for working with a professional tax attorney.
These agencies are equipped with accountants, enrolled agents, and experienced IRS attorneys that know how to insure that you are following the laws and paying the minimum amount of taxes due to the IRS each year. Here are some tips to help you select the right tax agency to represent you.
Start by thinking about what you want the tax agency to do for you. Do you simply want someone to help you file your taxes, or do you need someone to help you with your business? When you know exactly what your needs are you will be better prepared to select a tax agency that has the knowledge and expertise that you desire. Some agencies have different specialties and you have to consider that as you complete your search.
Always check with your local chamber of commerce. Doing so is a great way to find out what professionals are available in your immediate area. This organization will have a list of the professionals, where they are located, and their contact information. Making one phone call to the chamber of commerce can guide you in the right direction and save you a great deal of time.
Use the Internet. You can search for anything on the Internet and that includes a tax accountant. What is really nice about using the internet for this search is that you will also be able to find out what individuals have to say about specific professionals. You can go online and read reviews that have been created about various tax defense agencies so you can decide which professional is the very best for your needs. After all, you never want to hire a professional that does not deliver on their promises. If they are not effective, and they have inaccurately served others then you will not want to use them.
When you believe that you may have found a professional to help you it will be very important for you to verify all of their credentials. Some companies will hire anyone during the tax season to prepare taxes. This is not appropriate for business owners. You never want to pay someone to complete your taxes if they do not know what they are doing. If you are not able to verify their credentials then you should not work with them.
If you still aren’t sure which tax professional is the best choice, try asking your friends and family or other local business owners. Ask them who they have used, what the professional charges, and what types of services they can provide to you. Sometimes you will be able to find a great accountant by word of mouth. All you have to do is ask around and see what you find out.