As the old adage goes, an ounce of prevention is worth a pound of cure. The US tax system is the most complicated system in the world, some estimates put the IRS tax code (and regulations and rulings) at over 70,000 pages! Much risk stems not from what you know, but what you don’t know. This is one reason why it often pays to have a tax professional prepare your tax returns.
Besides eliminating errors or misstatements that may simply be due to lack of experience or a misunderstanding of the tax process, having professionals prepare your taxes places much of the responsibility for any problems on their shoulders and could help mitigate the need for tax resolution in the future.
In addition, proper tax planning can help you mitigate unnecessary penalties and interest.
Contact us today for a free consultation.