A Checklist For Your Tax Preparation

Author: | | Categories: Tax Preparation, Tax Preparer, Tax Professionals, Tax Resolution

Blog by Hunter Tax Resolution

Did you know that just knowing that a professional is handling your taxes reduces stress? You see, making mistakes can be very costly. In terms of missed deductions or triggering an IRS letter or audit, a tax professional can help eliminate errors and ensure your returns are prepared correctly. Tax planning benefits you with actual money savings.

However, if you have never had to file taxes before, you may struggle with the process. At Hunter Tax Resolution, we understand that you need all the support you can get and make the dreaded task of tax preparation a pleasant experience by educating you on the tax laws and simplifying the task. To help you prepare your taxes with as little stress as possible, we’ve created a handy checklist that should clarify the matter.

1. Book a consultation with us
As mentioned before, utilizing the services of a professional tax preparer ensures your tax liabilities are minimized and tax refunds are maximized. Booking a consultation with us guarantees you more time to concentrate on business building strategies, risk-free tax filing, audit assistance, and a deeper understanding of the changing tax structure.

2. Sign up for our secure portal
Tax preparation can involve confidential financial and personal information. Thus we suggest you sign up for our secure portal. Here you can securely log in and take charge of updating your profile. You can also safely provide income details, including salary, house property, business, and profession, which will be used in pre-filling your ITR.

3. Submit your tax documents
In order for your tax preparation specialist to have you ready for tax time, you must submit certain information and documents. These include your social security documents, income statements such as W-2s and MISC-1099s, tax forms that report other types of income, such as Schedule K-1 for trusts, partnerships, and S-corporations, tax deduction records, and expense receipts.

4. Pay our modest service fee
At Hunter Tax Resolution, we believe that everyone should have access to professional tax preparation and thus have priced our services fairly and modestly. We understand that each situation is different, and our fee structure is based on our approach toward resolution. We also offer flexible payment plans based on the span of each case, and our objective is to remain accessible to as many people who need our help as possible.

5. File your taxes
Finally, it’s time to file your professionally prepared taxes. There are three main ways to file taxes. First, you could fill out IRS Form 1040 or Form 1040-SR by hand and mail it, which is not recommended. Alternatively, you could use tax software and file taxes online or hire a professional tax firm such as Hunter Tax Resolution to take the burden off your shoulders and complete the often complex task of filing your taxes.

For more tax preparation and filing tips and tricks, reach out to the professionals at Hunter Tax Resolution. We specialize in helping small businesses succeed. If you need assistance with tax liens, payroll services, offers in compromise, tax resolution, wage garnishments, IRS bank levies, unfiled tax returns, tax relief, freedom of information requests, etc., we are here to help. Our tax services are available to clients across Tacoma, Puyallup, Renton, Olympia, Seattle, and the surrounding areas.

To learn more about what we do at Hunter Tax Resolution, please click here. If you have questions about tax issues, get in touch with us by clicking here.