Smart College Planning

Preparing for college is a major financial concern for many families, especially those who have more than one child that plans on attending university. Parents often don’t know how to begin strategizing or saving for college. When the time comes for college applications, there is also the whole confusing process of applying for loans and filling out FAFSA forms.

Torchlight Tax has experts in college planning and savings strategizing. If you are looking for Tax and   Accounting Firms in Las Vegas  to assist you with college planning, you are in good hands. Torchlight Tax and Accounting Las Vegas is staffed with the most professional advisors, and we work directly to bring you quality financial assistance.

When you schedule an appointment with one of our consultants to discuss college planning, we can help you with:

  • Savings – The most important part of preparing for college tuition is saving. Our expert accountants can help you set up savings goals and a solid strategy to prepare for the steep costs of colleges, no matter the age of your child. It’s never too early to start.
  • Taxes – Choosing the best vehicle to fund your children’s education can have significant tax advantages.
  • FAFSA (Free Application for Federal Student Aid) Loans- - Once time has come for applications, most students are entitled to loans. Often families believe that because they have a certain level of income, they won’t be able to receive federal loans, but this is almost never the case. Our financial experts can help you navigate the confusing FAFSA form and federal loan process.
  • Financial Aid – Schools often offer their own financial aid programs. We can help you create profiles that combine financial aid offers with your federal loan grants for you to make an informed decision for you and your child.
  • Scholarships – Thousands of dollars in scholarship grants go unclaimed annually. Our expert  accountants  can help you understand the benefits of scholarships and how they can be an asset to your college planning strategy.

Additionally, we can help you get scholarships that can be an asset to your college planning strategy. We want to help you assess your current financial situation, and estimate how much you will need to save. College is an exciting time for young adults. Don’t let financial worries get in the way of your child’s dreams. With our tax and accounting  firm in Las Vegas, you can create the future. Our expert advisors are trained in taxes, accounting, and financial planning. You can rest assured that your finances are in trusted hands. Contact us today to learn more about our college planning services.

Call us 1-877-758-7797 or 702-463-1818 or email us at info@TorchlightTax.com. We can transfer your call to a branch office near you or help you directly from our central office. Free consultations are available

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    Why Torchlight Tax

    Many people do not know how a professional tax and accounting firm differs from a bookkeeper or tax preparer. The main difference when working with a professional tax and accounting firm, such as Torchlight Tax, is that our firm utilizes the services of CPAs, EAs, and Attorneys who are distinguished from bookkeepers and other tax preparers by stringent qualification and licensing requirements. Our entire team has a purpose to legally save your tax dollars and to make taxes as painless as possible. This means we take your calls and respond to your concerns. If you receive a threatening IRS call or Notice or are worried about some tax question, we are here for year round taking your calls and responding to your emails.

    Upgrade to a full-service Tax Firm

    Whether you are filing personal, small business, or corporate taxes, or negotiating IRS tax debt, if you are not already using a professional Tax, Accounting and IRS Representation firm, you most likely have missed out on major tax benefits. This is because a professional tax and accounting firm utilizes licensed professionals such as Certified Public Accountants (CPAs), EAs and Attorneys, who can not only advise individuals on personal financial matters but who can also advise businesses and corporations of all sizes and types. Tax laws are complicated, and no one knows everything. Torchlight Tax is a team and any one of our tax pros can call on other EAs, CPAs and Tax Attorneys in the team who may have specialist knowledge in a specific area of tax.

    Amendments

    When doing current taxes, we often come across missed tax savings from prior years. When this happens, the Internal Revenue Service allows you to amend your taxes and lower your tax liability. Whether you or your prior tax preparer missed a W-2 or 1099, a revised 1099. large charitable donations, or made some other error, amending your tax return can help you recover the money you are rightfully owed. When we find this situation, we will advise you on potential savings and amend the previously filed tax return.</p”>

    Sometimes, there may be a situation where a tax return could be amended, but it is too late to receive any benefit. Or maybe you made an error that was missed by the IRS that would have increased your tax liability. In some cases, it is prudent to file an amended return. But if it is not necessary and will not save you any money or decrease your risk, we will tell you not to bother. It is silly to amend a return to no advantage which is too old for the IRS to audit. Some firms might file a bunch of unnecessary tax returns and charge a fee. Sometimes a taxpayer himself might increase his tax liability by filing an unnecessary amendment that increases his tax liability. We will not do this.

    Amending a tax return requires more professional acumen then doing it right in the first place. At Torchlight Tax, we do file the tax return correctly the first time. And we will happily amend your tax return, but only if it actually is to your benefit. If you think you might need to amend tax returns, contact Torchlight Tax for a free consultation.

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