Where to find reliable tax advice
Preparing your own tax return can be difficult, particularly if you have complicating factors, such as the operation of your small business or documents from multiple sources of income, or if you have extenuating circumstances like disabilities or a low income.
In light of this, it may be wise to consult professional income tax help through an agency or a qualified tax professional. He or she will have more insight into the credits and deductions available based on your situation and can help you get the most out of your return.
Income Tax Preparation Agencies
Getting tax help from a tax preparation agency is often thought to be the most reliable method for filing a tax return. They are trained to handle even the most complex returns, including those where multiple income sources are present and where various tax credits and deductions are applicable. While they are the best source for ensuring your tax return and estimated refund are completely accurate, they are also likely to charge higher fees. Often, the rate increases based on the number of documents you have.
Individual Tax Return Agents
Many individuals undergo training to become tax return agents. Their rates will often be lower than tax preparation agencies, but it can be difficult to ensure that they are up-to-date on the most current tax information. Be sure to look into the credentials and training of any tax return agent you choose to deal with, so you know they can be trusted to get you the greatest return.
Filing Your Own Tax Return
If you choose to navigate your own tax return, online tax help is available. There are many resources you can use and you can even go directly to the source – the IRS tax help section (located on the IRS website) is great for reliable federal tax help information. You may also want to invest in tax preparation software, which offers free tax help with purchase. Remember, however, to thoroughly research the tax credits and deductions available to you. These overlooked criteria often make a big difference in the size of many people's tax rebates.
Tax forms can be found at most post offices and libraries, as well as online through the IRS website.