The end of the year is upon us, and while that also means new opportunities and a fresh beginning in 2015, it also means that W-2s and other tax information will be landing in our mailboxes soon. Before you know it, the date will be April 15 and the tax filings will be flowing in to the Internal Revenue Service.
It’s never too early to start preparing for your tax filing (well, maybe April 16th is a little too early…). There are so many different accounts, assets and financial elements that can play into any individual’s filing. It all depends on the circumstances of the filer, but preparing a tax filing can be a very tough challenge.
When the challenge is so confusing and complicated that the filer doesn’t know what he or she is doing, that’s where an audit could come into play down the line. If the filer does something improper (may it be on purpose or accidentally), the IRS may come calling, and then things can get really complicated.
Compiling your tax information and preparing your filing for the IRS is the most important part of the tax process, and with the stakes and the complexities of this process, it is essential that a filer consult an experienced tax preparation professional or tax attorney to ensure their case is being handled properly.
At Allen Barron, we have the knowledge and experience to help you prepare your taxes and ensure that you are compliant with all of the rules and regulations.
