Categories for Tax Consultant

Can You Amend Your Tax Return After It’s Been Filed?

August 10, 2020

We’ve all had that “oh no” moment after sending a crucial document and realizing there’s an error. What if you’ve made a mistake during your income tax return, or get some new information that throws the whole thing off? Can you amend your tax return after filing in Union City, NJ? What happens if I have already mailed it? If you’ve already mailed your return or have sent it electronically, that’s it—at this point, you can’t make any changes before the IRS receives it and evaluates it. The only exception is if the IRS automatically rejects it electronically—then you can... View Article

Do You Have to File Taxes Every Year?

July 27, 2020

For the majority of working Americans, filing our annual taxes is a rite of passage that pretty much no one looks forward to. If you’ve ever wished that you didn’t have to file taxes, you’re not alone. However, even if you aren’t legally required, there might be something in it for you. Not everyone has to file taxes, depending on their income level—but there might be some reasons that you choose to do so regardless. Should you file taxes this year in Union City, NJ? Here’s how to decide. Income requirements If you’re single and making under $13,850 if over... View Article

Benefits of Hiring a Tax Professional

September 18, 2019

There’s no getting around it: the American tax system is complicated, opaque and seemingly deliberately frustrating. The only way to truly ensure that you’re minimizing your personal tax burden and not overpaying is to hire a qualified service for tax preparation in Union City, NJ. When you work with a tax professional, you’re ensuring that you’re not overpaying the government with your income taxes. Additionally, tax professionals can help you ensure that you’re not underpaying, which could result in stiff fines and serious penalties. While some people with a single source of traditional W-2 employment may think that their taxes... View Article

How to Prepare for the New Tax Year

September 4, 2019

While it may seem like it’s far away, the new tax season is actually just around the corner. Employers will begin sending out tax return documents at the end of January, which is only a few short months from now. Savvy taxpayers know that the more they prepare for tax season, the more likely they are to receive an attractive refund. You should work with a tax professional early and often to ensure that you’re reaping the best possible refund and minimizing your tax burden. Hiring a tax consultant in Union City, NJ will help you avoid overpaying. When you’re... View Article

How Using Various Types of Accounts Can Help Lower Your Tax Bill

June 3, 2019

It’s never too early for you to start thinking about your tax preparation for the next year! Smart people are always looking for ways they can save money on their taxes, and even with the big changes that came with the Tax Cuts and Jobs Act this past year, there are still plenty of opportunities for you to see some savings. There are several types of savings and spending accounts that will give you some tax savings that really add up over time: 401(k)s, flexible spending accounts (FSAs) and health savings accounts (HSAs). Read on for a closer look at... View Article

Kedean's Generation