Hiring a tax preparation company is a decision that requires balancing costs against needs. If you’re not sure whether you’d benefit from professional tax preparation services, here are 5 things you may want to consider.
A Complex Return
Some individuals and even a few small businesses can knock out their returns with a few pages of documentation. Others will encounter major issues due to complexity. Especially if you’re not 100% sure about which forms have to be filed, there’s a lot to be said for hiring a pro to do the work. Read More»
When filing their income tax forms, most Americans rely on the tax forms that they receive from employers or brokerage companies. But in reality, there could be other sources of income that may need to be declared. How can you know what you might need to pay taxes on that isn’t put on a Form W-2? Here is what you should know about five of the most common other income sources. Read More»
Even though federal law states that Americans must file and pay income taxes annually, there are a surprising number of people who are currently sitting on one or more unfiled tax returns.
For some, a failure to file their income tax return might be attributed to events in their life that made filing a great hardship, such as a death or major illness in their immediate family. For others who fail to file, however, it may simply be that they forget to file or want to postpone filing until they have more time or money to do so. Read More»
