As I always say, “I can’t make this stuff up.” I can’t. Each year, I review, redo tax returns that were done by friends of a friend, someone with good intentions who has done his or her taxes for years, always gets a ‘good refund’ and so the friend will give them a try. Things go wrong and the next year, I’m redoing the return, correcting mistakes and trying to help the tax payer get out the trouble that his or her non-professional friend got him or her in. Simply put, a little knowledge is dangerous. Tax codes, breaks, cut-offs aren’t simple. Those who perform this operation annually, study, review and take care of just how he or she prepares your return. There are rules that can be written and there are rules, thought processes that we know and understand.
The job market has made a shift. The opportunities to be in business for yourself and not by yourself have doubled. It is known as the “gig effect” where people are obtaining gigs, that allow them to work flexible hours and earn money as a self-employed person. While most people understand or have at least heard about the possible deductions, many get into trouble because again, they have ‘a little knowledge.’ Don’t make those mistakes!
Even if you do not choose Elite Expert Tax Solutions, find a professional you can trust. Elite is committed to making sure that returns are done smart, not hard, convenient, professional, accurate and with follow-up. IF you are a business owner, Elite will also file your franchise taxes for you. Elite provides electronic copies of your return which means you will always have a copy in your records. Make sure you have a flash drive to save documents on, to save space on your computer hard drive. For added protection the passcodes that unlock your return are texted.
Remember to check for your W-2 information by mid-January, most companies provide access to this information electronically
List all the jobs you worked in 2017, you can only file W-2’s for that year! Contrary to what people tell you, know that you cannot just make up rules!
Your old employers have no idea if you have moved. NOW is the time to contact Human Resources and provide them with your new address! Don’t wait until January or worse yet February to begin looking for these documents or to begin providing new addresses.
Provide all documents to your tax preparer upfront! Don’t have them looking, calling or searching for information. It’s the worse scenario for you as the client and for the tax preparer
Be available to answer questions
Ask questions
Get an understanding
WHAT EVER YOU DO, STOP BELIEVING ALL THE WILD STORIES YOU HEAR ABOUT PEOPLE AND THEIR REFUNDS! IT’S JUST LIKE FISH STORIES, THEY GET LARGER N LESS ACCURATE
Elite wants to handle your tax needs! Call today! 214-785-0133
MEETING YOUR NEEDS, EXCEEDING YOUR EXPECTATIONS
