Reasons to Hire a Tax Professional

While filing your taxes may seem straightforward, there are several common pitfalls associated with doing your own taxes. Whether you simply maintain a busy schedule or aren’t sure which benefits and deductions you’re allowed to claim, working with an experienced CPA in Tucson offers several benefits when it’s time to prepare your tax return.

Your Taxes Will Get Done Quickly

Completing your own tax return is a time-consuming process if you are unfamiliar with current tax law; even if you have filed your own taxes before, tax return preparation still takes time out of your schedule. It can be tempting to put off your taxes as well, increasing your risk for late filing and late payment fees. Hiring a tax professional to handle your taxes lets you keep your valuable time for other activities, while also ensuring your taxes will be completed promptly by an experienced CPA well in advance of April 15th. When your taxes are completed and filed more quickly, you can also expect to receive any refunds you may be due more quickly as well, putting your money back in your hands even sooner.

Your Taxes Will Be Correct

Many IRS tax problems are due to mistakes made on tax returns, whether these mistakes are intentional or not. Even minor arithmetic-based mistakes on your taxes can have significant consequences if the IRS catches them. Furthermore, filing for deductions or returns you are not actually eligible to receive can result in additional fees or even an audit. The very best way to avoid IRS tax problems is to turn your tax preparation over to an experienced CPA, who can evaluate your finances and your expenditures correctly and help you receive the maximum deductions or refunds you are due without making costly mistakes. 
Tom Scott, CPA is pleased to offer comprehensive accounting services to help you avoid or handle State and Federal tax problems. You can find out more about the benefits of working with a professional CPA and how we can help you find tax debt relief on our website or by calling (800) CPA-4005.

Accelerated Accounting

Tucson Accounting, Bookkeeping, and Tax Preparation Experts
145 E. University Blvd., Suite 1A
Tucson, AZ 85705

(800) 272-4005

What to do about Tax Debt

Outstanding tax problems can leave you feeling worried and stressed over steps that the IRS may take to obtain the money you owe. If you are concerned about personal tax debt, your Tucson Tax Resolutions Specialist CPA can help you evaluate the situation and find the best path to achieve the tax debt relief you are seeking.

Take Proactive Steps

If you know that you have outstanding tax debt, the best thing you can do is take proactive steps to address it. Even if you cannot pay the debt, ignoring IRS notifications will only make the situation worse, since the IRS may pursue wage garnishment or other actions. There are several options available to address your tax problems; acting to find a resolution quickly allows you to explore your options and choose the best path for you before the IRS takes aggressive actions, such as property seizures. Additionally, if you have not yet filed your tax return, do so as soon as possible—the penalty for failure to file your tax return is much greater than the penalty for failing to pay your taxes, and will only compound over time.

Hire a Qualified Tax Resolutions CPA

Hiring a CPA experienced in IRS Collection matters is a great step toward handling your AZ tax debt quickly and smoothly. Even if you think you know the path you want to take to resolve your debt, an experienced CPA can assess your financial situation and offer professional advice you may not have yet considered. CPAs can also help you propose an installment plan or apply for an Offer in Compromise that is more likely to be accepted by the IRS, allowing you to pay off your debt more comfortably and quickly; additionally, your CPA may be able to help you amend previous tax returns to reduce the amount you owe if you were eligible for additional deductions you failed to claim. 
Are you currently worried about outstanding tax debt in Tucson? Tom Scott, CPA specializes in helping individuals achieve tax debt relief; you can find out more about handling IRS tax problems when you visit us online, or call (800) CPA-4005 to schedule a tax relief consultation.

Accelerated Accounting

Tucson Accounting, Bookkeeping, and Tax Preparation Experts
145 E. University Blvd., Suite 1A
Tucson, AZ 85705

(800) 272-4005