Many people believe that they can handle their taxes themselves. For some people, this may be the case. However, as the government continues to tweak and change tax laws, the process of completing your taxes alone becomes more and more difficult.
In 2017 the United States Government ratified the most extensive tax law change in 35 years. The Act, over 500 pages long, was passed by the House of Representatives after just 14 days. The Senate ratified the law after only 2 days. Many members of Congress confessed to not even completely reading the entire act!
If the people who passed the law are not completely familiar with it, how can the average American be reasonably expected to comprehend and adhere to it? The answer, quite simply, is that they cannot. For the first time in many peoples’ lives personal exemptions, club dues and entertainment, certain miscellaneous itemized deductions, hobby expenses, moving expenses, and so much more, are no longer able to be utilized by people when filing their taxes.
Further complicating matters is the fact that the best and most reliable answer to all tax questions is, “It depends.” With constant fluctuation and numerous loopholes and exceptions, filing your taxes can feel like trying to hit a moving target. The prospect of trying to navigate this process on your own can lead to frustration, confusion, and possible audits and long-term consequences from the IRS.
Instead of the wing and a prayer method when it comes to filing your taxes, use a certified public accountant. Their job is to constantly monitor and learn the nuances of tax law and, in so doing, be able to effectively assist you when you file your taxes. With a CPA, not only are you getting comprehensive service and thorough preparation you are receiving peace of mind knowing that a professional has helped you deal with the constant changes and updates to the tax law.
If you have never considered using a CPA, call us. We are ready to work with you to ensure that you are keeping as much of your money as you’re legally able to keep and that you are not at risk from an audit. Call us today for more information. We look forward to working with you and your family.
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