1 / 8

Income Tax Preparation - know your Resources

Income Tax Preparation and returns filing are often considered as an additional burden and a source of worries. We have seen several taxpayers in a state of ultimate fear and anxiety when the IRS lead deadlines of returns submissions start approaching near. Let us assure everyone – there is nothing to worry about. Several significant kinds of services are available around. Taxpayers can acquire income tax preparation service on both a commercial and a non-commercial basis as well.

taxprechicago
Télécharger la présentation

Income Tax Preparation - know your Resources

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Income Tax Preparation - know your Resources

  2. Income Tax Preparation Know You Income Tax Preparation and returns filing are often considered as an additional burden and a source of worries. We have seen several taxpayers in a state of ultimate fear and anxiety when the IRS lead deadlines of returns submissions start approaching near. Let us assure everyone – there is nothing to worry about. Several significant kinds of services are available around. Taxpayers can acquire income tax preparation service on both a commercial and a non-commercial basis as well.

  3. Examaplesof Commercial and Noncommercial Support Services As far as the business services are concerned, income tax preparation can be done in a seamless and an error-free manner. Several firms like, GLGAccounting.Com are providing enough sophisticated services. Their team of lawyers and accountants always ensure the integrity and security of their clients while preparing and filing returns on their behalf. That is why a higher percentage of deductions can be anticipated when you go to experts and professionals. Well, on the other hand, some noncommercial services are also available as we have mentioned above. Numerous nonprofit organizations are doing an excellent job in this field. Let us stick with the IRS provided options only. The IRS or Internal Revenue Service is investing a lot of their time and efforts for making this process a simple and an easier one for the taxpayers. Their more focus is on less earning individuals.

  4. Following are some of the free income tax preparationservices you can acquire from them, • VITA (Volunteer Income Tax Assistance) is a program available for physically challenged and less literate taxpayers who cannot speak and understand English correctly • The provision of fillable tax files is another great initiative of the IRS, and it is available free for everyone • Access to the world-class income tax preparation programs is also granted to a particular class of low-income taxpayers free of charge • For senior citizens, a separate program just like VITA is in operation, and it is known as TCE (Tax Counselling for Elderly)

  5. CPAs and EAs CPAs (certified public accountants) are always considered as a great source for acquisition of tax related services. They come with having a brilliant experience in accounting and documentation. With the help of a CPA, you could have your returns prepared in a faultless manner. They know about the availability of different forms and can also assist you in choosing the most appropriate one. Unlike EAs (Enrolled Agents) CPAs cannot represent their clients in front of the IRS or elsewhere. In short, they are not a good choice to be considered in the scenario of ongoing litigation. Now let us proceed with the EAs. In recent past, Enrolled Agents have earned the mandate of representing their clients in cases like an auditor for some extensive negotiations with the IRS. EAs are a good choice for income tax preparation. After all, they come with a certification from the IRS. As far as the rates are the concerned hiring of an EA is going to cost you less than any other kind of in-person support you seek

  6. Tax Attorneys and Lawyers Well, tax attorneys and lawyers are usually and rightfully considered as the last option. Income tax preparation is one of the simplest tasks, and you can have all of your objectives achieved by hiring anyone like a CPA or an EA. However, at times it becomes inevitable and necessary – the involvement of an expert. So, consider hiring a good attorney or lawyer in case if there is a notice served on you. There are numerous advantages of hiring a tax professional of such a huge posture. They can bring definite benefits and remarkable peace in your life. In addition to this, you could have your income tax preparation and submission related issues resolved as well. Some advanced services like the disclosure of undeclared wealth and tax debt settlements are two good examples where the involvement of an attorney becomes compulsory.

  7. GLG Accounting wants to help you with all aspects of income tax preparation. So, get in touch with us today to schedule a FREE consultation! Contact Now for Online tax preparation Website: https://www.glgaccounting.com/income-tax-preparation/ Address: 400 Central Ave, Suite 340B, Northfield, IL 60093 Business Hours: Mon - Fri: 9am - 5pm Email: contact@glgaccounting.com Visit & Follow Us On Our Social Media Sites Twitter: https://twitter.com/GLGAccounting_ Facebook: https://www.facebook.com/GLGAccounting Google Plus: https://plus.google.com/u/0/109973505906107821115 Linkedin: https://www.linkedin.com/company/614346 Yelp: https://www.yelp.com/biz/glg-accounting-northfield © Copyright 2017. GLG Accounting. All rights reserved.

More Related