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Sacramento Tax Preparation by Tax Shark
With the rise of online tax-preparation software, many people have started filing their tax returns themselves. While it’s certainly possible to do your taxes yourself, there are some risks that you need to consider. If you provide incorrect or incomplete information on your tax return, it can cost you hundreds or thousands of dollars, as well as subject you to fines.
That’s why it’s a good idea to hire a professional accountant to look at your taxes and help with your Sacramento tax preparation. Whether you’re looking for individual or business tax preparation help, hiring a good accountant or tax preparer can make the process simpler, safer, and less stressful.
Reasons to Hire a Professional Tax Service
Tax Software Programs Can't Do Everything
Entering your information into a tax software program is easy and convenient, but it’s important to remember that this type of software assumes generic customers. If your tax return is very straightforward – if you’re a single person with a salaried job, for example – then tax software will be adequate for you. If, however, if your situation is more complex, or you are filing business returns, the software might not pick up on the vital nuances of your situation. Missing this information can lead to disaster, which can have severe consequences later.
By working with a professional tax service, you know that its service to you doesn’t end when your tax return gets filed. Certified accountants can represent you during an audit, and even in front of the Tax Court, which no online service can do. They can also act as tax advisors, providing you with invaluable information about how to compile data to make filing your returns easier.
Tax Returns are Complicated
Many of us dread tax season because it’s challenging to stay abreast of all the latest developments in state and federal regulations. But there are always changes that can have a significant effect on your filing – even impact whether you can file or not. By working with an accounting firm or tax preparer, you can simply hand off the relevant information and let them do the hard work. This handoff is especially helpful if your finances are complex and you have a lot of potential deductions about which you might not even be aware.
Steps to Prepare for Your Tax Preparation
The more organized you are, the easier it will be to file your tax return. If you have all the relevant information and documents ready before tax season, you can expedite your tax return. You should speak with your tax preparer in advance to know which documents you need to gather and submit. Some of the steps you can take to prepare for your tax return include:
- Deciding whether you want to itemize your deductions or claim the standard deduction. Your decision will depend on knowing both figures and calculating which presents the more significant benefit to you. The best way to do this is to gather all the receipts you use to calculate deductible expenses, such as medical costs, property taxes, and other investment-related costs.
- Gathering as much personal information as possible. This information includes the Social Security numbers of your dependents; the addresses of any vacation homes and rental properties you own; information about any properties you sold or bought during the year; and even forms for gambling earnings.
- Getting a copy of last year’s return. Having this return in front of you is an excellent way to see what you need to collect, and it also has much of your personal information already detailed. It can serve as a good reminder of items that you don’t want to overlook or miss, such as charitable donations or gifts.
How Can A Sacramento Taxpayer File With Tax Shark?
If you’re considering doing your own taxes this year, consider both the work you’ll have to put in and the risk that you’re taking. Many highly rated tax preparation services in Sacramento will be able to assist you; they ensure that you get the highest possible savings from your tax return. You can also rest easy knowing that your return is accurate and that you’re unlikely to be audited.
So, instead of going through the effort of tax preparation in Sacramento on your own, why not get in touch with us? You’ll be amazed at how easy doing your taxes can be if you have a little expert help on your side.
Call the friendly tax specialists at Tax Shark by dialing (916) 542-9244 or by clicking the button below to start your relief today.