The IRS is not someone you can fool around with. You have to pay your taxes on time or you can expect a not-so-friendly visit from your local tax man. Most people collect their paperwork and make sure that their tax filings are made on time. But for the mathematically-challenged, filing a tax return is not easy. Moreover, mistakes on the tax form will only result in the form being returned or a nasty note from the IRS asking for an audit. Instead of worrying about all this, it’s a far better idea to hire a local St Louis tax services company to help you out. Truthfully, there is no shame in hiring someone who can do the job much better than you and there are several benefits to hiring a professional to do the job for you.
1. Time — According to the IRS, you require a minimum of 16-20 hours to complete filing your tax returns for 2014-2015. This time limit is applicable on almost 90% of all taxpayers who will be filing the 1040 tax form. Most of us don’t have that much time and patience. It’s a far better idea to hire a professional to prepare the documentation.
2. Changing tax codes — Over the last fifteen years, Congress has made more 5000 changes and additions to the basic Tax Code. Moreover, as governments change, additional policies, exemptions, codes, and codicils comes into effect. Its very difficult for a lay individual to keep track of all these changes but tax professionals know what to look for and they are more likely to protect your income. This is particularly useful regarding tax deduction and credits. You will never know what credits and deductions you are liable for if you don’t hire a good tax attorney or accountant to evaluate your accounts.
3. Computer skills — Almost all tax filings are done online. In fact, the IRS stated that almost 90% of all tax filings were done online in 2014 and the number is expected to almost double or triple in the coming years. This may seem easy if you are computer proficient but it’s not. You have to be familiar with spreadsheet software and software packages like TaxACT that will allow you to file your tax returns online. If you are not tech-savvy, it’s a far better to hire a tax professional to help you with the entire process.
4. Costs — Yes, filing your tax return is free and you don’t have to pay anything for it. But consider the time, money and effort you will spend collecting the paperwork, tracking the credits and deductions, filing the paperwork, and then dealing with any returns or rejections that may occur due to mistakes. By hiring an tax company, you do have to make a single payment but the entire process is done correctly and quickly.
5. Headache-free — Although this is not something we need to mention, you should know that a professional tax filing is headache-free. If you’ve ever faced an IRS audit, you know how uncomfortable the entire process can be. Its far more sensible to hire a firm who will take that entire mess off your shoulders and leave you tension-free.
Don’t forget the value of time as money. By hiring a professional st louis tax services firm or an individual accountant, you know that your taxes are being filed on time and they are being filed correctly. And of course, you are free of the headache of having to deal with endless bills, accounts and payments.
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