Income Tax Preparation
Income Taxes Simplified
Income tax preparation does not have to be difficult. Every year millions of Americans are required to file their income taxes using an 1040ez, 1040 or 1040A form. Depending on your amount of deductions, filing status or income level this will determine what forms you will need to use during the process. Whether your tax situation is simple or complex we can help you make sense of it all.
Why Do I Need to Hire a Tax Preparer?
It helps to pay someone to professionally do your taxes due to their extensive knowledge of changing tax
rates and laws. By knowing this information it allows the tax professional to assist in finding additional deductions that you may or may not have been aware of to help lower your tax liability.
Using this data can help you on your current years taxes as well as planning ahead in the future. In some cases you may need to file an amended return for previous tax years that you did not file. We can help sort it all out for you. Contact Us today!
Income Tax Preparation Filing Need to Knows
The Affordable Care Act otherwise known as ObamaCare is in full effect. If you do not have the proper health coverage throughout the year then each individual will pay a penalty to the IRS. If you presently have health insurance then it is possible you can receive an ACA tax care credit.
With the passing of the Marriage Equality Act this allows for additional benefits to be claimed on your taxes. These benefits can include making unlimited gifts to your spouse without gift taxes, inheriting a spouse’s property without paying estate taxes and a surviving spouse can rollover their spouses IRA without penalty.