61 million people filed their taxes last year, and now tax season is here again! Due to the technology boom, self-filing tax programs have popped up all over the internet.
You might be tempted to file your taxes by yourself so that you can save a little bit of money. However, if you are not aware of the credits and deductions that apply to your particular situation, you may find that you are losing out on more money than you saved by filing on your own!
It is essential that you know the benefits of hiring a professional to file your taxes so you can avoid these issues. Let’s look at seven reasons you should consider hiring a professional tax preparer this year.
1. Money, Money, Money
We all know the best part of filing your taxes is the money you get back once it is all said and done. When professionals file your taxes, you stand a better chance of getting MORE money back!
When you allow a professional preparer to work on your taxes, they can pinpoint areas that you might overlook. As a result, you will get more money back when it comes time to get that sweet, sweet, check.
Don’t cheat yourself out of money!
2. Safety Net
Another reason you should consider hiring a professional to work on your taxes is they are experienced in tax law. Before they file your taxes with the IRS, they will ask you a series of questions to make sure you are complying with legal standards.
Their line of questioning allows them to find out if there are any special rules or stipulations you need to follow. Their assistance will help ensure that you have a safety net protecting you from making mistakes while filing your taxes.
3. Time = Money
You often hear people say that time equals money. Your time is valuable and should get treated that way. When you work with a professional, they will be able to save you time by filing your taxes for you.
Many people end up stuck in front of their computer for hours when they are filing their own taxes. Self-filing programs can cause issues for people who are not tech-savvy, and you end up wasting more time than if you just hired a professional to file for you.
4. Professional Tax Preparers are Experienced
In most cases, tax professionals have been in the business for quite some time. They understand the nuances to filing taxes whether you are working on an individual, joint, or business basis.
Let their experience work for you. They can help you get through the process quickly and easily.
A professional tax preparer will deal with the IRS if there are any questions on your return. If you self-file, the IRS will come directly to you for answers regarding your filing. Hiring a professional means you are also paying for their experience in the event of an audit.
5. Unreliable Self-Filers
A number of programs are available that allow you to “self-file” your taxes. It’s vital that you are aware of the issues that could arise using these programs. You could get significantly less money, waste time downloading software, and even open yourself up to an audit if you file improperly.
By the time you get it figured out, you might be running close to the deadline — and have to wait even longer for your money. Don’t let this happen to you. Let a professional handle the job, so it is done right the first time!
6. Taxes are Complicated
One of the advertisements they love posting on self-filing programs is that filing your taxes doesn’t have to be hard anymore. We know that there is much more to it than simply suggesting that it doesn’t have to be hard.
A professional can pinpoint and explain categories, exemptions, and claims that you might normally skip over. Their job is to make sure that you get your money back.
7. Plan Ahead
You should also consider working with a tax professional because they can help you plan for the upcoming year. If you are the kind of person who files your taxes and forgets about it until the next year, you may be missing out on valuable information and money.
Let an expert help you figure out what kind of plan works for you. They can advise you to keep track of things such as charitable donations so that you only pay what you are accountable for, and they can even help you get more back at the end of the year!
Take it Easy
Filing your taxes no longer has to be a strenuous process. Experts are available to help you take the next step and tackle your taxes head-on.
Contact us today for your free quote so we can assess your situation and help you get the most from your upcoming tax return!