We are a leading full-service tax preparation, accounting, and IRS Representation firm in the Las Vegas valley
Are you searching for tax return preparation help? Although taxes come every year, they never get easier to file. If you struggle with understanding tax code, you are not alone. Tax laws are complicated and many individuals, married couples and organizations seek professional tax help when it comes to tax filing. Besides the tediousness and difficulty of tax filing, there are other important reasons to utilize an EA or CPA from Torchlight Tax to complete your tax returns.
Accurate Filing – Mistakes on your tax returns could result in you owing additional taxes and/or accruing late fees. Any errors could also lead the IRS to look more closely into you and possibly perform an audit. It’s better to be safe than sorry when it comes to doing your taxes! Use an EA or CPA from Torchlight Tax to do your tax preparation and filing and avoid extra taxes and hassles.
Full Refund – If you file on your own, or use a partially-trained tax preparer, you may be missing out on substantial refunds. At Torchlight Tax, your Tax Return will be completed by an experienced CPA or EA. Many taxpayers think their tax preparer is a CPA or EA when he is not. If you do not see CPA or EA on the bottom of your last tax return, chances are the prepare was not. Many taxpayers do not realize that pretty much anyone can get a PTIN (Professional Tax preparer ID number) by filling out an application and sending $30 to the IRS.
Those with PTINs are called Licensed Tax Preparers. Some do a decent job. However only the EA (highest federal tax credential), CPA (highest state tax credential) or Tax Attorney have stringent professional training requirements. If you want to ensure your maximal (legal) refund, contact Torchlight Tax and one of our EAs or CPAs will complete your tax return.
Due to the complexity of tax codes, there are many refunds, deductions, and credits that you may miss out on because you and your preparer don’t know how to apply them. With the assistance of a professional EA or CPA at Torchlight Tax, you can be sure you’re receiving every penny you deserve. Contact us today.
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.
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.
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.