8409 N Military Trail #109, West Palm Beach, FL 33410

Hiring a Pro to Do Your Taxes

 

You know tax season is here when you have a big pile of year-end statements, tax return forms and crumpled receipts. According to IRS, an average taxpayer takes around 13 hours to prepare and file a tax return. Most of the time is spent in organizing everything; each and every single thing has to be accounted for.

Hiring a pro to do your taxes may make you feel incompetent, but they are certain scenarios, where you might actually need help.

 

A Major Life Change in the Past Year

Remember whenever, there is a change in your life, tax changes happen along with it. Getting married, divorced, having children or adopting them, taking an elderly relative under your care or coming into inheritance are all major life changes.

 

A pro can actually help you with your tax returns and deductions by presenting you with various available options.

 

Self-employment / Owning a Business

According to IRS data, around 30% of tax returns are filed by self-employed individuals. There are strict and specific rules when you are filing your tax returns with deductions and claims.

 

Anxiety Related to Filing Allowable Deductions

Allowable deductions include student loan interest, home mortgage, property tax, charitable contributions, medical expenses and even state and city income taxes.

 

You have a choice to itemize deductions to lower your tax liability and you might even save hundreds of dollars in the process.

 

Owning Investment Properties and Having Investment Transactions

Investment properties include rentals and real estate for business.

 

Tax deductions can happen here, but they are usually involved transactions and help from a skilled tax navigator is always required. Similarly, if you’ve had a heavy investment year, you will need help navigating tax-loss harvesting and correctly calculating capital gains and losses.

 

You Haven’t Filed in a Year

It is better to tackle the issue fort rightly, instead of avoiding it. Be honest about your situation. There is always a way around you.

 

 

 

Experts at Tax MD Help are always ready to get connected with you and Tax Related issue

Feel free to contact us.

 

Dial 888-632-4506 and get FREE Consultation Now!

Call 888-557-4020 or contact us online at http://www.mytaxhelpmd.com/contact-us/

By |2016-03-04T15:22:39+00:00March 4th, 2016|Blog|0 Comments

Leave A Comment