Now that the holidays are over, everyone has overeaten and overspent; the next big day everyone loathes or looks forward to is January 31st. Yes, that is the absolute last day you companies have to mail out W-2 forms so people can file their taxes. If you are getting a return, the forms can’t come fast enough, and if you know you owe you are just waiting to exhale. Either way, if you want to make sure you don’t end up on Uncle Sam’s list, or miss out on some potential money, you should look into a Houston tax preparation professional. You don’t have to go down a long list of reasons why hiring a professional for income tax services is beneficial, in fact, you only need to list these three reasons.
1. Minimize Your Tax Debt or Maximize Your Return
Whether you end up owing the IRS or getting a refund you will want the tax services of someone who can deliver the best outcome possible. That takes attention to detail and a vast knowledge of the tax laws and deductions available to you. Sure hiring a qualified Houston tax preparation service might take longer than doing it online but a tax professional can more accurately determine the deductions available to you that can lower what you owe or increase your refund. Income tax service professionals keep up to date with all the latest tax breaks and eligibility requirements so you know you are in good hands. When it comes to taxes never go at it alone.
2. You’ll Have a Backup In Case of an Audit
If you could imagine the worst thing that could go wrong when filing taxes is an audit. If you skipped out on a tax services professional, then you are responsible to either hire an attorney or represent yourself. Neither of these options is going to be cheap, but when you hire an income tax services professional, they will appear with you to testify to the IRS the validity of your return so you can avoid a hefty fee.
3. They Can Figure Out your Dependent status
When you have dependents, (that is people under the law that count as those who depend on you for sustenance) your tax return is normally higher especially with kids. The tax laws on dependents change quite often so the benefits of a Houston Tax preparation professional are plentiful. As of this article, for example, you can claim anyone that you are financially supporting; this comes in handy when you take care of your elderly. Keep in mind, there are stipulations and limitations on this particular law, that is why it is so important to hire a certified professional to cover the law with you.
We have Income Tax Services You Can Trust
Carballo Tax Services has been serving the Houston area for over 30 years. Our experience gives you the upper hand when filing your taxes through our Houston tax preparation professionals. Contact us today to see how we can maximize your return, reduce your tax debt or answer any questions you may have about our income tax services.