Tax season is already on the horizon, and if you have a stack of receipts and forms waiting for you to go through them, tax preparation services in Brooklyn might be your saving grace. Whether you own a small business or just need some help, up to 60% of taxpayers hire a tax professional each year. If you do not fully understand the many forms required to file your taxes this year, it is in your best interest to allow a trained professional to help.
These dedicated men and women have to file their own taxes every year, so they understand the many frustrations and complexities of tax laws. To get the most from your tax return and keep the IRS happy, they can get you on the right track this tax season.
Fix Previous Mistakes
Last year, you did your own taxes and made one or two key mistakes. If you made mistakes on a past year’s tax return and it’s been fewer than three years, a professional can help you file an amended return. With the help of tax preparation services, you can minimize the damage and do this year’s return correctly. These trained men and women have a sharp eye for mistakes and they can spot even the most inconspicuous mistakes immediately.
Marriage
If you got married before December 31st of last year, you must decide whether to file jointly or separately. Depending on your situation, tax preparation services can help you make that decision. Filing jointly can often increase tax refunds. If you have a large capital loss carryover and your spouse has a large capital gain, for example, filing jointly could be just what you need. Couples tend to pay lower taxes when filing together, so it is very important that you allow a professional to look at your unique situation.
