Tax Service Lake Nona FL – When Do You Need A Tax Professional?

Every individual is accountable for their income to the Internal Revenue Service through tax returns, filed each year. Now it depends on you whether you want to do your taxes yourself or want a professional tax service in Lake Nona FL to help you out. There is no shame in hiring a tax service in Lake Nona FL to handle your taxes; rather, it’s a wise decision to file error free tax returns.

However, if you are a first timer and don’t know whether you are self sufficient to do your own taxes or are in need of a professional tax service in Lake Nona FL, then read further to discover the reasons, which are indicators that you need a tax service in Lake Nona FL.

If you don’t have enough time

For 2012, the IRS estimated that for the simplest tax form 1040, an individual must devote at least 16 hours to complete it. Obviously, doing tax demands time as the instructions from the IRS are read and understood, and then documents need to be organized as per the requirement. Filing tax returns is not only time consuming, but is also a tedious task, which demands patience.

So, if you are too occupied with your work or don’t have the stamina to deal with the tiny details that tax, demands to be mastered, then you need a professional tax service in Lake Nona FL to handle your taxes.

If you know nothing about taxes

The US has got a complex tax code, which gets amended almost every month, making it difficult for the citizens to understand all of it at once. Even most of the tax experts are not fully aware of all those set of codes, but at least they know the important ones needed to prepare tax returns. Thus, if you think taxes are way too complex for you, then don’t risk filing them yourself, rather consult a tax service in Lake Nona FL to get them done for you.

If you want to save more money

Efficiently prepared tax returns can even reduce your taxable income. For this, you should claim all the possible deductions, with the relevant documents that prove your claims to be legit ones. However, if you don’t know the claims that you can make to minimize your tax burden then a professional tax service in Lake Nona FL can be very useful, as they not only know about the common deductions but also about those, which taxpayers usually forget to include.

If your tax returns are complicated

If you have more than one source of income or you find your taxes quite complicated, then it is recommended that you go to a tax service in Lake Nona FL, where professionals can better analyze your case and prepare a tax return for you that would save you from the likelihood of a tax audit.

If you make errors

Each year, the IRS declines a number of tax filers because they have made small errors in their forms such as wrongly spelt names, incorrect social security numbers, inaccurate account numbers, etc. So if you think you are a bit careless when filling out such forms, then in order to save yourself from a rejection, go to a tax preparer. Experienced tax service in Lake Nona FL professionals usually produce error free tax returns, but obviously there is always a room for human error.

If you consider the above mentioned criteria, then seeking help from a professional tax service in Lake Nona FL would be a wise decision.

If you need more information about our Lake Nona, FL accounting and tax services, please contact us at 407-502-2400. 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, Hunters Creek, Lake Nona, Celebration, Winter Park, Windermere, Dr. Phillips, Maitland, Altamonte Springs, Winter Garden, Ocoee, Apopka, Belle Isle, Edgewood, and Oakland 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 number, incorporations, and non profit 501c3 tax exempt.