It's Almost Tax Day! Are Yours Filed Yet?

It’s Almost Tax Day! Are Yours Filed Yet?

The 2022 tax deadline is almost here and if you are like many people, that rush last-minute into the various local tax places, you have yet to even look at yours.

You might be quite surprised at the wait when visiting one of the chain quick stop tax help […]

The 2022 tax deadline is almost here and if you are like many people, that rush last-minute into the various local tax places, you have yet to even look at yours.

You might be quite surprised at the wait when visiting one of the chain quick stop tax help places since they are not always so quick at this time of the year.

Not only that, but for those with more than just simple personal returns to get done, these are not always the best tax services to run to as the clock continues to tick away.

A private tax help service with experience in all types of tax returns is your best option for fast, knowledgeable service.

What Are The Reasons For Choosing a Professional Tax Pro?

Why choose a professional tax preparation firm over some of those temporary tax help shops that close up after tax season?

Availability - While everyone is waiting in the lobbies of those quick tax places to meet with a preparer, you can schedule an appointment with a tax professional, meet with them at that time, discuss everything, and then leave your paperwork, no waiting involved.
Experience - Professional tax preparers have years of experience dealing with not just basic individual tax returns, but also more complex returns for families, those with dependents, people running sole-proprietorship businesses, and general business taxes as well.
Licensed CPAs - The professional preparers employed by the best tax services are actual licensed CPAs, not just people trained to do taxes as a part-time job to earn extra money. A large portion of many CPAs' education and careers are devoted to learning taxes, tax preparation, and tax changes every year.
Vast knowledge - Special tax circumstances require a vast knowledge of tax laws and how they must be applied. Mistakes made by less knowledgeable, less experienced preparers create a greater potential for the filer to be audited or even end up with penalties.

With tax day only a few weeks away, the best option for anyone looking to have their taxes done quickly and correctly while saving them the most money and hassle is to avoid the quick tax places and choose an accountant tax professional instead.

The best tax services are those that are staffed with CPAs who can provide the best and most experienced service to all clients.

Get Tax Help Now!

The clock is ticking and April 15th will be here sooner than you think.

Make an appointment with a CPA for the skilled tax help you need!

Wait – Don’t File 2022 Tax Returns Before Reading This!

The tax rules that apply when filing tax returns seem to change constantly, making it a different process every year.

This year is no different, as tax services start to interpret all the new changes in their task of processing returns for all of their clients.

Whether doing tax […]

The tax rules that apply when filing tax returns seem to change constantly, making it a different process every year.

This year is no different, as tax services start to interpret all the new changes in their task of processing returns for all of their clients.

Whether doing tax returns at home or enlisting the aid of a tax help service, these are the changes that Americans should look out for, as their returns may end up different this year.

Income Tax Bracket Adjustments - Starting this year, income tax brackets have been adjusted to account for high inflation. Filers should check online or with a tax help service to confirm theirs, as this shift is positively affecting most people’s taxable income, though there are some who are being negatively affected, too.
Deduction Changes - While itemized deductions for tax returns have remained the same for 2022, the standard deduction has increased. Tax services recommend reviewing this information before assuming that itemizing is more beneficial.
Child Tax Credit Reduced - The American Rescue Plan Act (ARPA), which temporarily increased the Child Tax Credit to help families dealing with the financial aspect of the COVID-19 pandemic, has come to an end, returning to the standard $2,000 per child in 2022.
Retirement and Health Savings Contribution Changes - Tax services advise that although IRA contribution limits have remained the same for 2022, 401(k) limits have been increased as have limits for health savings accounts. Speak to a tax help specialist to decide how to get the most from these accounts by investing last-minute, pre-filing funds in the right places.
Estate Tax Exemption and Gift Exclusion Raised - Starting in 2022 and lasting until 2025, estate tax exemption has been raised once again, this time to $12.06 million. Similarly, the annual gift tax exclusion has also been raised to $16,000 per person starting with tax returns filed in 2022.
Higher AMT Exemption - The Alternative Minimum Tax (AMT) exemption is also higher in 2022, affecting mainly households with incomes over $500,000; however, that will change in 2025, so tax help experts suggest planning accordingly.

Tax return filing season for 2022 taxes is here and with these many changes on the books, tax services stress the need to review and understand all the changes and to file carefully.

If the many changes seem confusing or a filer is not sure how they are being affected, contact a respected tax help service for guidance or arrange for a professionally prepared tax return!

Top Tips to Simplify Tax Filing Every Year!

It is that dreaded income tax filing time of year again and for some, their stress is already mounting.

This year, instead of becoming anxious about it all, these tax help tips can help anyone keep calm and get through the process more easily.

Whether seeking professional tax services […]

It is that dreaded income tax filing time of year again and for some, their stress is already mounting.

This year, instead of becoming anxious about it all, these tax help tips can help anyone keep calm and get through the process more easily.

Whether seeking professional tax services or doing their own taxes, these simple tax help tips can help anyone get their taxes done more easily, without all the stress!

Remember the Due Date - This year, the deadline for filing income taxes for the 2022 tax year is Tuesday, April 18, 2023. That is still a ways off, but for those who feel as though they don’t have enough time to get everything together and their taxes figured out, filing for an extension now might not be a bad idea. There is no penalty for submitting taxes early, but there are definitely penalties for submitting them late without having filed for an extension.
Decide How to File - Based on the amount of filing experience a person has or their need for tax help, people should first decide how they will file, then prepare accordingly. If seeking assistance from a professional tax service, contact them right away, inquire about the documentation they will need, and set an appointment that leaves enough time for finishing and filing tax forms.
Gather Tax Documentation Early - The easiest way to get through the process of income tax preparation and submission, whether people do it on their own or go to a professional tax service, is by being prepared with all the required documentation. Avoid having to go searching for things mid-process by gathering them all together ahead of time. Gather all income and interest statements, retirement contributions, property tax records, charitable donation receipts, taxes paid, educational and uncovered medical expenses, personal information, and a copy of last year’s tax forms.
Electronically Connect With the IRS - It is most recommended to file income taxes electronically, as the IRS can process electronic submissions faster than those submitted on paper. Similarly, whether owing or receiving a refund, it is safest to connect bank accounts with the IRS directly and send owed taxes or receive refunds directly to or from a bank. Electronic direct deposit refunds usually arrive quickly, too.

The main stress that people have about doing their income taxes or even having them done by someone else is caused by a lack of preparation.

Following these 4 simple steps, anyone can get their taxes done quickly and easily be a professional tax service without the headaches of lost paperwork or missed deadlines!