5 Reasons to Hire Tax Professionals 1. Time: Time is ticking and your time is valuable. Time is my first of 5 reasons to hire tax professionals to complete your tax return. In 2012 the Internal Revenue Service estimated the average taxpayer needed 22 hours to complete his or her 2011 return. 32 hours if you had a Schedule C (Business) or Schedule E (Rental Property). So unless you have the time and patience to complete a 22 hour project, hire someone to do it. 2. Complexity: The Tax Code is an ever-changing and constantly evolving animal. We have been preparing returns for 20 years and my head still spins on occasion with the changes. IRS Commissioner Douglas Shurman reported in 2011 that there were approximately 3500 tax law changes since 2000. That is a headache you want to avoid. 3. Mistakes: Making mistakes on your tax return can be costly. I am a firm believer that for something that only occurs once a year, get it done and get it done right. If there is a mistake on your tax return you have someone to hold accountable (under certain circumstances) and can rectify the problem quickly. 4. Cost: If the average taxpayer spends 22 hours preparing their return and the average cost of a 1040 with Itemize Deductions in 2012, according to the National Association of Accountants was $261. You do the math. The cost is minimal compared to the time. 5. Planning: You can not get tax planning from a box or online tax software advertisement. If you are constantly owing money there is a reason and it can be rectified more often than not. Small changes in your W2 or 401(k) can pay dividends if you have someone to bounce these questions off of. Some people want to save a buck and not hire a qualified tax professional to complete their return. But, if you weigh the pro’s and con’s you can see with just these 5 reasons to hire tax professionals, how a tax professional can save you money in the long run, give direction, educate and give you peace of mind. A tax professional is on your side, providing personable service,designed to put you at ease, to strive to obtain the largest legal tax refund possible, and to answer all of your tax questions. Hire a tax professional today! Were here to Help Fast Refunds 817.329.6262 fastrefunds.net
Posted on: Tue, 21 Jan 2014 21:46:13 +0000
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