Preparing your own personal income tax return is a risk that many cannot afford to make. Personal income tax return preparation can leave you with more questions than answers, and that is why having an expert tax team, such as Torchlight Tax & Accounting in Las Vegas, on your side is so important.
Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. However, if you have a good understanding of taxes and keep up with the changes in tax law, you can file your own taxes and save the tax preparation fee.
There are ways you can get yourself in trouble filing on your own, or using a partially-trained tax preparer, like those at the franchise tax mills:
It is easy to overlook deductions and credits to which you are entitled.
The computer software program cannot input the numbers for you. There’s no substitute for the assistance of an experienced tax return preparer in Las Vegas, like the EAS and CPAs at Torchlight Tax.
Here is how the process works at Torchlight Tax:
We go through this very thorough process every time we do a tax return. Your tax return is done right and double-checked. Some may think this takes extra time, but they would be incorrect. Making mistakes on tax returns or leaving clients with unanswered question or concerns is what takes extra time.
Don’t worry about your messy books. Small business owners are busy and often don’t have time to stay on top of their bookkeeping. Torchlight Tax & Accounting in Las Vegas can help clean up your bookkeeping for the tax year and prepare and file your business and personal tax returns. We’ll then assist you in setting up a simple process to stay on top of your books.
You can rely on Torchlight Tax & Accounting in Las Vegas to provide The Best Personal Tax Preparation Services in Las Vegas possible!
Call us 1-877-758-7797 or 702-463-1818 or email us at info@TorchlightTax.com. from our central office. Free consultations are available.
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
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.