Personal Tax Preparation

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The ProcessTax payers pay taxes to the IRS through a process called withholding. Employers take a portion of the paycheck and remit the tax payment to the IRS on your behalf. As the IRS cannot keep track of every p.jpg

EMPLOYERS

Employers remit tax payments to the IRS on your behalf. However, the amount withheld and provided to the IRS is an estimate. As a result, 80% of people end up paying more taxes to the government than required which entitles you to a tax refund.  Make sure you are working with a qualified CPA to ensure the credit and deductions you qualify for are being taken.

REPORTED INCOME

The Income reported to the IRS is ran by a honest self-reporting system. Consequently, the IRS audits a portion of tax returns to make sure tax payers are properly reporting their income. Statistics show that the IRS spends most of their efforts auditing the wealth, that income is above 10 Million/Year and less than 1% of the audits performed relates to tax payers who makes less than $10,000/year.

ASK YOURSELF

SHOULD YOU HIRE A CPA TO HELP FILE YOUR TAXES?

While you can try to file your taxes on your own, a rather simple reason to hire a CPA is you can avoid issues with help from a professional. The CPA knows how and when to file your taxes, and will also offer you the necessary guidance. The entire process will be simplified.

As well as a CPA offers an objective look at your income. You get to avoid fraud, be much more organized and meet filing deadlines.

HIRE A CPA!

In the end, working with a CPA is a great way to file your taxes, and it will make it easy to stay away from any legal hassle. You should consider using a dedicated CPA service to file your taxes, as it’s by far the best way to deal with your taxes!

 

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