Should You Hire a Tax Professional?

Have you been filing your own taxes via tax software? Do you have a tax plan in place that minimizes your tax liability? Are you aware that millions of Americans over-pay their taxes? Often it takes missing just one deduction to more than pay for the cost of a tax professional.
Reasons to Hire a Tax Professional
If one or more of the following issues pertains to you, hiring a professional could save you
substantially:
1)You have tax questions that software does not answer: Proficient tax professionals have the
answers.
2)You own a business: You may miss tax deductions that could cause you to overpay.
3)You want to sell large assets like a business or stocks: It is essential to hire an accomplished tax professional who thoroughly understands the complex laws surrounding capital transactions.
4)Previous mistakes on tax returns: A professional can help prepare amended returns that could diminish your liability.
5)The tax code is complex and tricky: Expert professionals comprehend the code and apply it correctly to their clients’ situations.
6)You are buying or selling a home: Each involves a multitude of tax issues concerning capital gains or losses and deductions you might miss.
7)Marriage: If you married last year, an expert professional can provide you advice on withholdings, whether to file separately or jointly, and many other matters.
8)Divorce: When preparing for divorce, receiving advice on how to file and ensuring
support payments are properly accounted for often proves invaluable.
9)Professional tax planning: Tax planning may save you thousands of dollars on future taxes. We provide our clients with unlimited complimentary tax planning advice year-round.
10) Estate and retirement planning: Some tax professionals, like us, can provide you a complete financial package to help ensure a prosperous retirement.
If you have questions about whether to use a tax professional, contact us. Also, if you want to know how to choose a tax professional, email us and we will send you our article entitled “Choosing Your Tax Preparer.”
Professional Tax Services is a locally owned provider serving over 3,500 local residents and businesses. For more information call 661-259-1967 or visit www.protaxservices.com. Through their complimentary EZ2 Thrive program, they provide unlimited free tax planning advice to their clients.