Paying taxes on time and in the right way while maximizing deductions is always the best way to handle your taxes on an annual basis.
That said there are some practical tax tips that every taxpayer should consider. For example, one of the easiest ways to stay out of trouble with the IRS is to simply avoid being late when filing or paying taxes.
Always adhere to the official IRS cutoff date (usually April 15th) to submit your taxes and to pay any taxes due.
IRS Tax Help In Atlanta
As a note, some state tax deadlines are different than federal tax deadlines. Check with your individual state requirements to confirm if there is a difference between federal deadlines and state deadlines.
In addition, taxpayers should always stay proactive when it comes to protecting records and important identifying information from potential identity theft.
One common scam involves emails being sent to taxpayers requesting personal or financial information. As a note, never voluntarily provide personal or identifying information to somebody that you are not absolutely certain is someone that can be trusted.
An Attorney For Taxes In Atlanta
An IRS tax lawyer in Atlanta can help you avoid any potential tax scams or fraudulent schemes. Another great strategy is to prepare your taxes early even if you do not plan to file until later in the year.
Preparing and holding is a common strategy so that you know exactly how much tax will be owed as the deadline arrives. This is especially useful for those who are independent contractors or freelance workers.
In many instances 1099 forms will come later in the year or may even be modified and sent as the tax deadline approaches.
Incorrect Social Security Number
In addition, most Atlanta tax lawyers will recommend that taxpayers thoroughly review all their tax documents and related supporting information.
Even something as simple as an incorrect Social Security number or poorly calculated math can cause serious problems for a taxpayer with regard to the IRS and potential collection actions.
Those expecting a refund may find that accidentally inputting the wrong Social Security number can delay a refund for a substantial period of time.
Attorney That Offers Atlanta IRS Tax Help
Finally, taxpayers should take the time to thoroughly examine and recheck all deductions and exemptions from previous years.
Never assume that because you claimed a deduction or exemption for one year that is still available to you in the current year. New rules and IRS code changes are always affecting taxpayers.
This is another excellent reason to always work with an attorney that offers Atlanta IRS tax help to individuals and businesses.
As an added note, many taxpayers find that filing electronically and making full use of direct deposit is a good way to expedite and simplify the entire tax filing and tax debt payment process.
Contact The Gartzman Law Firm, P.C. an Atlanta, Georgia tax lawyer today to learn more.