Tax Return Federal
What Is A Federal Tax Return?
The tax form or forms used to file income taxes with the Internal Revenue Service (IRS). Tax returns often are set up in a worksheet format, where the income figures used to calculate the tax liability are written into the documents themselves. Tax returns must be filed every year for an individual or business that received income during the year, whether through regular income (wages), interest, dividends, capital gains, or other profits.
Should I Hire An Accountant To Take Care Of My Federal Tax Return?
Many certified public accountants know how to get their clients the maximize number of tax deductions and they also how know to accurately organize receipts and other document verifications for those tax deductions. A large number of individuals hire the services of an accountant all year round to make sure that their finances are in order. When being trained in the area of accounting a certified public accountant (CPA) also learns how to complete multiple federal and state tax returns. There are many programs that allow you to file your taxes online yourself. If you have a basic tax return this may be your best bet. If you have a complicated return you should hire a professional so that you are sure it is done correctly.
Why Should I Hire You To File My Federal Tax Return?
I’m sure you have seen many commercials promising to get you the most out of your refund. No matter what they tell you they can not legally get you more than you can deduct. We have been in business 30 years and have an A+ BBB rating. We have unique solutions to all IRS issues. We will get the job done properly and legally so that you avoid an IRS audit.
What Happens If I Am Being Audited On My Federal Tax Return?
Even if you try to avoid audit red flags and the attention of the IRS, 1% of all taxpayers will be audited each year. The IRS usually only audits your tax return if they think they have found a mistake and can collect more money. Sometimes the simplest error can set off audit flags.If you are faced with an IRS audit be sure to respond to their inquiry. Putting off a response (or ignoring it altogether) will only lead to more problems. The IRS will not go away. You should hire a tax professional to help you out. If you aren’t sure about anything the IRS is asking you about, you may be better off hiring someone who can help you through the audit. Get organized. Make sure all your documents are together and that you bring everything that the IRS has asked for. Tax forms, records, receipts, etc. It is your responsibility to have everything that backs up what you are claiming on your return.