Our more than 16 years of experience in tax preparation Kissimmee have taught us that come tax time, and everyone gets on their nerve. The process is already tough and what makes it tougher is the fact that everyone tries so get a maximum possible refund. So should you do this task on your own or get a tax preparation Kissimmee services to do it for you? As long as your return is simple, you can manage it on your own through a simple tax software. However, if this is not so, you probably cannot fill up the lengthy forms by yourself.
Here are three main questions that can help you decide.
Do you have enough time to devote to taxes?
In the year 2012, the Internal Revenue Service or the IRS, evaluated that a tax payer needs around 22 hours on an average to fill the tax return form. For business owners, this is around 32 hours. That is nearly a day in the former case, and a couple more hours than a day for the latter case. So do you have this must time? The forms are lengthy and you must fill with care.
Obviously, if you choose to e-file your tax return, you can save a lot of time, but what about deciding what to put in and what can be left out? That will still take time and you will also have to prepare your required documents. For simple returns, the process is manageable, but otherwise you should opt for tax preparation Kissimmee. As long as you hire a prestigious firm, you will not have any issues.
Do you have enough money to invest in a tax preparation Kissimmee service?
Even the most average tax preparation Kissimmee service charges a certain amount of fee. Do you have this much money and will your refund provide you with a greater amount? Considering the lower end of the range, a tax preparer charges around $50 to $100 for simple returns. If the return is complicated, the fees can go up to a thousand dollars or more. For an itemized return, the average cost is $290 for simple returns and 4410 for Schedule C or Schedule E.
Please note that if you opt for itemization, you can get a deductible for the fees when you file a return the next year. Tax preparation Kissimmee fees are classified as miscellaneous deductions, and so their sum must be greater than 2% of the AGI or Adjusted Gross Income. Only then will you be able to claim a deduction.
Can you deal with the complexity of federal code on your own?
Since the costs are often complicated, there are over 90% Americans who hire tax preparation Kissimmee services to get the job done or use a tax program for the purpose. In the past years, the laws have changed considerably and you cannot always keep a tab on new announcements. However, a good tax preparer will always be aware and guide you well throughout the tax process.
If you need more information about our Kissimmee accounting and tax services, please contact us at 407-344-1012. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, and Hunters Creek, FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin numbers, incorporations, and non profit 501c3 tax exempt status applications.