When it comes to preparing an income tax return, most of us are left with more questions than answers. That’s precisely why most Americans who want to carry out tax preparation in Brooklyn, NY end up leaving the task to a tax return professional. In fact, the U.S government did a study that shows 77 percent of 71 million taxpayers believe they found the services of a professional tax preparer essential.
Let’s face it; America’s tax laws are complicated, and this makes it confusing to file a relatively simple return. During tax preparation in Brooklyn, NY, many people easily overlook credits and deductions to which they are entitled. Although there’s software to help with this process, there’s simply no substitute for a tax preparation service in Brooklyn, NY offered by an experienced CPA tax return expert.
Here are some ways to help you undergo successful tax preparation in Brooklyn, NY with your state and the IRS:
Filing your tax return on paper
While the IRS no longer sends tax packages via mail, you could still file the tax return on paper via mail. However, note that the processing period as well as the errors might increase if you choose to mail your returns. Remember, you might end up mailing the returns to a different address as the IRS might have changed the filing location in some areas.
Electronic tax filing
You can also transmit your tax returns to the IRS electronically. IRS says this is the fastest method for filing returns and you should select direct deposit for receiving refunds. Many service providers and software packages allow you to file tax returns free provided you’ve paid for tax preparation in Brooklyn, NY. At times, some services might e-file the tax returns you prepared on your own. This is referred to as Transmit-Only Return.
For each individual included on the return to be eligible for electronic filing, you need a valid tax identification number, such as SSN (Social Security Number) or the ITIN (Individual Taxpayer Identification Number).
When to file your tax returns
Typically, Tax Day falls on April 15, but in 2018, it was 2017. There were two reasons for this: April 15 was a Sunday and Washington DC had the Emancipation Day on April 16.
Overall, always check the deadline for filing your tax returns. If you don’t file the returns by the deadline, the IRS might impose a late-filing penalty on you, which can be anywhere between 5 to 25 percent of the amount due each month. The good news is you can get an extension, but that should be by the April deadline as well.
If you want to avoid lateness penalties, you should consider a tax preparation service in Brooklyn, NY. It will give you peace of mind to handle other important matters as the CPA tax return experts handle the preparation for you.
We can help with your tax preparation in Brooklyn, NY
Tax Relief R us is ready to help you with any of the above tax preparation solutions. We have a competent team specializing in tax preparation in Brooklyn, NY. Thus, if you get into any trouble associated with tax preparation, have a backlog of tax returns that haven’t been filed, or the IRS collection action is underway, be assured we can help. Give us a call for free consultation.