One of the most important services available to you during tax season is a tax preparation service. This service will be able to help you take a lot of the stress out of preparing your taxes while also being able to greatly minimize the chances that you overpay on your taxes or get less money than you are owed on your refund. Listed below are two reasons to have your taxes professionally prepared.
Tax Preparation Software Cannot Always Take All Situations Into Account
One of the biggest reasons to have your taxes professionally prepared is that the tax preparation software that so many people tend to use cannot always take every possible situation into account. As a result, the tax preparation software could be missing valuable tax breaks or could cost you quite a bit of money on your tax refund simply because it was not programmed to identify some of the more obscure situations that may actually apply to you.
With a tax professional doing your taxes, there is a much greater chance that any of those unique or obscure situations will be identified so that you can get the largest tax refund possible or actually apply for and receive all of your tax breaks or deductions. Take a look at a site like http://www.cpa-winterhaven.com for more information.
Tax Preparation Services Will Be Able To Help You If You Are Audited
Another major reason to have your taxes prepared by a professional or a tax preparation service is that there is always a chance that the IRS is going to choose to audit you after you file your taxes. The audit can often be a result of a simple mistake that you made on your taxes or because you misinterpreted a rule and filed the wrong paperwork. In addition, an audit can also be triggered if you filed your taxes in such a way as to raise suspicion when the IRS reviewed your taxes, such as listing your income under the wrong category or simply forgetting to list some extra income that you may have earned or property that you sold.
However, if you happen to get audited after having your taxes professionally prepared, you will not be going to the audit alone: the service will send someone along with you. In many cases, this will result in the actual person who filed your taxes being present in order to answer any questions the IRS may have and to go into an in-depth explanation of why that person chose to file your taxes the way they did and the reasoning behind those decisions. As a result, it is much more likely that any audits that you may experience will go much more smoothly and end up without you having to pay any penalties or redo your taxes.
Contact a tax preparation service or tax professional today in order to discuss the various reasons to have a professional help when doing your taxes and to determine if it is the best fit for you.