Tax Preparation Services in Ocala, FL & Beyond
According to a study released by the US Government's General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.
Here's what you get...
Your tax return will be prepared by a qualified tax preparer and reviewed by a firm tax expert. Your tax return can be filed electronically so you will get a refund back quicker and we will show you potential deductions to limit your tax liability.
Books a Mess? No Problem!
If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We'll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.
Why You Should Hire a Tax Preparation Specialist for Tax Season
- Reduce Risk of Errors: Our tax preparation professionals have years of experience on an array of tax return types. That being said, our specialists have reduced the risk of errors on your tax returns. Whether you are single and need your tax return done just for yourself, or you have a big family, we have got you covered. We also provide business tax preparation services across Ocala, FL.
- Assistance with Audits: In the event that you or your business is audited by the IRS, Priess King & Company is here to assist you with tax preparation services. Our tax preparers have the knowledge & experience so you can rest assured we can handle the audit with you. Our tax preparer will be the professional that you turn to in case of an audit to respond to IRS inquiries.
- Time Savings: If you embark on your own tax return, it can take up to 20 hours. By turning over the responsibility to a tax preparation professional, the time savings is obvious and the reduction in stress will be immeasurable. Contact us today for more information or how to get started with our tax preparation services.
What Documents Does Your Tax Preparation Specialist Need?
- Social Security Documents: We will need to know all full names and Social Security numbers (or tax identification numbers) of you, your spouse, and your dependents. The easiest way to ensure that everything is correct is to provide Social Security cards or any other government-issued ID that contains Social Security numbers.
- Income Statements: Your employer(s) report your income directly to the IRS, but we will also need that information to complete your tax preparation. You'll need to include W-2 forms from each employer you've worked for in the past year.
- Other Types of Income: If you are self-employed or receive income from other sources, that information will need to be reported on your tax return. We can let you know which documentation you'll need, but you should watch for any 1099 form from the IRS. Gambling winnings and certain types of retirement accounts also count as income.
- Receipts for Expenses: If you have tax-deductible expenses that you would like to deduct from your personal or business income tax, include your receipts. Tax Deductible personal expenses include charitable contributions, medical bills, IRA contributions, and certain education expenses. Many business expenses are also tax-deductible.
- Tax Deduction Documents: Tax deductions reduce your taxable income. There are certain forms you'll need to document your significant deductions - our team can tell you which forms will apply to you.