Why a Trusted Tax Preparer Isn’t Optional

·       Research and Understanding of a complex tax code – It’s called a tax “code” for a reason. The Form numbers alone can be overwhelming. A good tax preparer is paid to know and understand the tax code, keep up with year to year changes and apply them to your unique tax situation. Choose a tax preparer you trust to stay educated and up to date.

·       Save time by outsourcing your taxes – Someone who specializes in taxes can do taxes quickly and easily as most deductions are common and handled regularly. A good preparer with automated process can save you time. Simply give them your documents, pay and be done. It’s really hassle-free.

·       Save money by ensuring no deductions or credits are missed. A knowledgeable tax preparer is paid to research and find every deduction for your return. They also know the income limits, phase out limits and what can be claimed to adjust your taxable gross income. Using a paid tax preparer also saves you money on the back end – avoid mistakes and penalties.

·       Avoid errors, IRS notices and audits – Speaking of penalties, errors and mistakes can also open you up to an audit. Improperly documented deductions, forms and submissions that don’t match third party information, and typos are just some of the flags that the IRS uses to choose who gets audited. Paying someone to do your taxes helps you avoid dealing with the IRS anymore than you have to.

·       Develop a relationship for tax planning – The biggest benefit of having a paid preparer is having someone that can help you plan for life’s changes. They know you, your finances and your family. With regular touch points, your tax preparer can help you time big events so that you reduce taxes. When you sell a rental property, contribute to your Roth IRA, and cash in restricted stocks can all have a negative impact on your tax burden if not timed properly.