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.