Taxes are something that everyone has to take care of annually or else place themselves in financial peril or even worse go to jail. It is not something to take lightly because the consequences are so severe. It is also not something to handle only at tax time and should be taken care of all year long to minimize your tax liability and minimize stress during tax season. This is why you need a professional tax preparer in NYC to help you meet your financial obligation.
With that said, you do not need to settle for the first one that hands you a flyer. Instead, you need to choose one who keeps abreast of all the IRS updates, tax forms and schedules. This is important as the guidelines change annually.
Be careful when you select your Tax Preparer NYC, and expect them to provide you with a checklist of deductions that you are eligible to receive. However, be leery if a tax professional guarantee a refund prior to working on your tax forms. If someone does guarantee a refund upfront, you should rethink using their services.
You can seek assistance from a Registered Tax Preparer. However, the scope of their registration is minimal because unlike a certified public accountant (CPA) they cannot intercede on your behalf in front of the IRS. Select a preparer that can help you with financial planning to help you save on your taxes and help you reach your financial goal by providing you with financial tips and strategies.
A good tax preparer in NYC should also give you a retention guide for your tax receipts because the Internal Revenue Service does stipulate that you keep your tax returns along with supporting documents for a minimum of three years. However, in cases of fraud and under reporting of income, the IRS can go back and audit you taxes beyond the three years limitation. A good tax professional will be able to advise you on specific items to keep and for how long.
Taxes might be due on April 15th, but taxes are an all year round responsibility. As such, you should take the time and make sure you use the best tax professional to help you year round. This will help you stay organized and quite possibly save you money on your taxes as well.
