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If you don't own a business and you have an uncomplicated financial life then you can definitely do your own return. Just make yourself well-informed and updated on major changes in tax law.
As for me, I used to do my own taxes a year ago. But I got busy and my finances significantly changes when I got married and hired in New York so I decided to hire a tax pro. There's no shame in hiring someone to help you out
What else can I help you with?
Can tax software help me even if I owe the IRS?
If you owe the irs you should contact a tax professional.
Is there a tax obligation for a trust beneficiary?
Generally, income from a trust must be reported. You should speak with a tax professional at tax time.
What is the scope of tax planning in indirect tax?
It really depends on who you hire and his/her capabilities
What tax should be paid on compensation for loss of membership rights paid to policy holders with Scottish Widows?
Compensation for loss of membership rights paid to policyholders by Scottish Widows is typically treated as a capital receipt, which means it may not be subject to income tax. However, individual circumstances can vary, and specific tax implications may depend on factors such as the nature of the compensation and the policyholder's overall tax situation. It's advisable for policyholders to consult with a tax professional or financial advisor to understand their specific obligations regarding this compensation.
Can you lose your license over taxes?
Yes, you can lose your driver's license due to tax-related issues, particularly if you fail to pay taxes or do not comply with tax regulations. Some states may suspend your license if you have significant tax debts or if a tax lien is placed against you. It's important to stay compliant with tax obligations to avoid such consequences. Always consult a tax professional or legal advisor for personalized guidance.
Where can I hire a tax advisor in Raleigh, NC?
You can hire a tax advisor in Raleigh, NC at www.magicyellow.com/category/Tax_Return.../Raleigh_NC.html. Another good site is www.accountingtaxplan.com/
Tax Advisor ?
form_title=Tax Advisor form_header=Have a professional tax advisor prepare your return and get you the maximum refund possible. Would you like to find a tax professional to prepare your return?= () Yes () No Would you like a tax advisor to teach you how to do your own taxes?= () Yes () No What is your filing status?= {(),Single,Married Filing Jointly,Married Filing Separately,Head of Household,Qualifying Widow(er)} Do you have proof of income?= () Yes () No
Is it best to hire a tax professional when filing long form tax return for the first time?
I would hire a tax professional, if you aren't that good with taxes. A tax professional would be a great resource to use, because they try to get as much money for you as possible back.
How much of an annuity is taxed?
I am not a tax advisor and you should always seek the advice of a professional, but, having said that, generally speaking, qualified funds in an annuity, with a qualified tax plan, such as an IRA are fully taxable when you take receipt of the funds. Non qualified funds in an annuity, are taxed only on the gains. These are guidelines only. Please seek the advice of a qualified professional tax advisor.
Who can I talk to about my taxes?
You can talk to a tax professional, such as a certified public accountant (CPA) or a tax advisor, about your taxes. They can provide guidance and help you navigate the complexities of tax laws and regulations.
Should I hire a professional financial manager for my stock option grants?
Yes, you should consider hiring a finance professional who has expertise in stock options. There are various complicated legal restrictions as well as tax computations that will need to be performed.
How can I avoid a tax audit?
The simplest thing to do to avoid a tax audit is to hire a tax professional. H&R Block is a great company to use.
Would you ever recommend someone to take money out of their 401k and use it to pay down their mortgage and if so is this allowable as a hardship and what tax implications would apply?
You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.
When should you hire a tax consultants?
If you are not sure about your taxes and are having trouble or you have had trouble in the past you should hire a tax consultant. Make sure that you are getting one that is licensed and insured and has a great reputation. If you have tax questions a consultant is the way for you to go.
Tax Accountant?
form_title=Hire a Tax Accountant form_header=Taxes can be increasingly complicated, hire a professional to make life simpler. Are you filing for a business or for personal?= () Yes () No Will you be filing jointly?= () Yes () No What property do you own?=_
Where can one find a location that deals with taxes settlements?
It would be strongly recommended that a person hire a tax professional to help deal with a tax settlement. A tax professional can be looked up through HRBlock or through the website NatPTax.
Can I donate my 401k to charity?
Yes, you can donate your 401k to charity, but there are specific rules and tax implications to consider. It's important to consult with a financial advisor or tax professional before making this decision.
