Many individuals each year get stuck when it comes to completing taxes on their own. If you’re tired of trying to figure out where you fit in the tax preparation process, it might be time to ask for tax advice that gives you confidence your taxes are completed correctly. Here are a few of the dos and don’ts when it comes to asking for tax advice this year.
DO:
- Be Honest – No matter your status when it comes to tax preparation, providing honest answers about your financial and tax situation is critical. If you are asking a professional for tax advice, they can give you better solutions when they have an accurate picture.
- Provide Documentation – Keeping documentation of your finances and tax information throughout the year will help a tax professional immensely! When you ask for tax advice, bring your documents with you so you can have an open discussion and have all the answers to their questions at your fingertips.
- Ask Questions – It is ok to ask questions of a tax professional any time of year! You should know what to expect from tax preparation, so don’t be afraid to ask questions when you need tax advice.
DON’T:
- Wait Until the Last Minute – Waiting until the last minute to file taxes can only add stress to your life. Especially if you need tax advice, ask early on so you have plenty of time to make adjustments as needed.
- Avoid Paying – If you owe taxes, don’t wait to make payments. This can only compound the issue in future tax years. When you ask for tax advice, you may want to discuss payment options with your tax professional.
- Try to Do It Alone – It’s so easy to get frustrated when completing taxes on your own. Rather than trying to figure out all the details yourself, why not reach out to us a TaxCom, LLC for tax advice? Our certified tax professionals are ready to assist you!