Tax Service in Akron, OH
We are a tax service in Akron, Ohio who can assist in your Tax preparation. Filing your taxes can be a daunting task, especially if you’re unfamiliar with the process. Finding the best tax service in Akron Oh Taxes near me, for tax preparation for a simple tax return shouldn’t be hard. Whether you have a basic return, small business or even a rental property our tax pros can handle your Internal Revenue Service issues and electronically file your tax documents. We love new clients and small businesses. Basic Taxes Prepared for $130, businesses and rentals start at $220.
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Complex Tax Code
The tax code is complex and ever-changing, making it challenging to keep up with the latest changes. Even if you do your best to stay informed, there’s always a chance that something could slip through the cracks. If you want a larger refund from the IRS, our tax experts will review your tax documents and make sure you get the income credit you deserve and lower your tax liability. Our services also include assistance with understanding eligibility requirements for certain deductions and credits.
Let Akron Income Tax Co can take the hassle out of your tax filing. Our tax filing options are at very reasonable service fees. We are so reasonable, we get a lot of new clients just by referral. We’re experts in the field, and our team will make sure that your return is filed correctly and on time. We also offer a range of tax services to help you save money and get the most from your return. Contact us today for a free consultation or free tax help.
Tax Refunds depends on taking all deductions and tax credits
Knowledgeable and experienced tax preparers will make sure you get all the deductions and tax credits that your deserve. We have over 30 years experience in preparing taxes, you can count on us! Our professional tax preparation software has the up to date options to lower your tax bill. Professional experienced preparers are a much better option to lower your taxes than an unexperienced TurboTax user or a free vita preparer.
Tax Service Most Missed Deductions
Yes, you have found the best tax service near me with just 130$ tax prep fees. You are used to paying your taxes, but you might not be used to getting money back. Look to us for tax preparation in Akron, Ohio. To make sure you don’t miss out on your deductions, here are some of the most commonly missed personal income tax deductions when filing taxes:
Charitable Contributions
You are no longer eligible for this deduction on a short form. But if you can still file a long form then charitable contributions will still be a deduction. But there are other deductions that can be used even on a short form! Professional tax services can assist you in getting the maximum tax refund you are entitled to. This can include anything from donating to goodwill to cash donations to a qualified charity, which can also result in dividends for you. You will need proof of donation from the organization, so keep track of what you have done and what organizations you have supported.
Medical Expenses
Suppose your medical expenses add more than 7.5% of your adjusted gross income (AGI). In that case, you may be able to deduct some or all of the amount you paid for medical expenses for yourself, your spouse, and any dependents claimed on your tax return. It’s essential to have documentation of all medical costs if it’s needed later. Make sure your receipts include the date and type of expense and information on who was receiving treatment/care.
Moving Expenses
If you moved because of a new job or change in employment status, you might be able to deduct some, or all of the moving expenses related to your moving process. This deduction’s only condition is that you are moving more than 50 miles away.
The Taxes You Paid Last Year
If you paid the state or local income taxes last year, you could save some money by deducting that amount from your previous income. This is something that most people don’t know.
The yearly income tax someone has to pay applies to their last year’s income. Suppose your previous years’ income was $100k, and you have paid the income tax out of it. So, what will be your in-hand income then? Of course, it will be less because you have paid the taxes out of your $100k. Therefore, the following year’s income taxes will be applied to that in-hand income. Tax planning is an important step to keep your taxes under control.
So, this is how you can save some bucks while paying the yearly income taxes.
Jury Fee Given to Employer
You may know that everything you earn is considered for your annual income tax. But, if you are serving on Jury Duty and your employer is giving your full salary, this could be a problem because the IRS will charge income tax based on your salary and jury fees.
While serving Jury Duty, many taxpayers’ hand over their fees to their employers. If you are doing the same, you can mention this in your tax return papers and get a deduction of the equal amount you have given to your employer. Our tax preparation can help you get this right.
Reinvestments
As you may be aware, each investment made by anyone in the country is taxable. If you have invested in the mutual funds automatically reinvested in the shares, extra investments will be considered. But, in reality, your mutual funds’ investments are transferred to share investments.
The IRS counts both investments and charges you according to them. So, you will have to declare your mutual funds’ income and other automatic share investments in a way that doesn’t cost you extra in your income taxes.
Many people are unaware of this and eventually pay more than their annual income. So, you can save a considerable amount of tax by declaring your investments correctly.
Student Loan Interest Paid by You or Your Parents
Student loan interest paid by you, your parents, or anyone is free from income tax. So, if you have paid your income tax loan’s interest, you can declare this in your tax papers and get an equal amount of deduction from the IRS. Similarly, if your parents have paid your student loan with its interest, you can also claim that amount to be deducted from your annual income tax basis.
This is a kind of deduction gift that children get from their parents and the department of IRS. So, you can benefit from this and save a big amount of money.
Childcare Tax Credits
You can get a tax credit if you bring up a baby under 13 years old. The eligibility for childcare credit is both taxpayers should be working or full-time students. Besides, if they spend $6000 on their child’s care and receive $3000 benefit from their work, they will be eligible to get a $3000 tax credit which they can use to reduce the annual income tax amount.
This is something that most people don’t know and are paying their tax without knowing that they can save a huge amount of money on their tax return.
State Sales Taxes
If you live in a state where the state government doesn’t impose an income tax return, they charge a higher sales tax. You can get a huge deduction while filing the annual income tax return to your federal government office.
The simple explanation for this deduction is that if the state you live in doesn’t impose tax but instead, they get the sales tax on each expensive item you are buying, you can deduct those sales taxes when submitting the income tax to the federal government department.
This is a huge deduction if you are a frequent buyer and have a habit of changing your vehicle or any other expensive item each year.
Filing Military Personals’ Travel Expenses
All the serving and reserved military personnel can get a partial travel expenses tax deduction. If you are a military person and have to travel more than 100 miles and stay there overnight, you can mention this in your income tax form and get a partial deduction of the equal amount you have spent on your journey.
The tax percentage details could be complicated as each expense has a different percentage of tax deduction, so you can consider it a partial deduction when filing. The deduction applies to everything from travel expenses to meals and hotel stays. So, you can get a huge tax deduction if you are military personnel and regularly travel to join the drills or meetings.
FAQs
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What Is Included In Your Tax Service?
Our organization provides assistance to individuals and businesses with in-person, drop off or online tax preparation, federal tax refund, electronic filing, and consulting. Services also include advice on how to reduce own taxes and strategies for minimizing the impact of audits. The tax filing of your federal, state and city returns are included in your tax return preparation basic fee of $130. If you don’t have a rental or business or stock sales… the fee is just $130.
How Much Does It Cost To Use Your Tax Service?
The cost of our services is based on a number of factors, including the complexity of your return, the amount of time it takes to complete your return, and the level of service you choose. Our basic tax prep fees are $130 for a basic tax return. Our tax preparer will work with you to maximize your federal refund. We offer a range of services, from do-it-yourself to full representation and tax preparation fees. Also, we offer a free consultation to discuss your specific needs and provide you with an estimate on your federal tax return. Accounting Services charges are based on time.
What Types Of Returns Does Your Tax Service Prepare?
Our tax preparation services can prepare local, state, and federal tax returns for individuals and businesses, including deluxe services for those who need extra assistance. Our tax pros also offer specialized services for partnerships, corporations, estates and trust taxes and all types of self-employed individuals, including sole proprietors. We e file all types of completed tax returns using our tax software, including tax preparation software, in or out of tax season. We have an Accuracy Guarantee that will provide you peace of mind, ensuring the completion of your tax returns with accuracy and efficiency. We also keep up with the latest tax laws and regulations through press releases and SEC filings, including those related to self-employed individuals with a Schedule C tax form, to ensure our clients receive the most accurate and up-to-date tax preparation services, covering a wide range of tax topics.
I Am Behind On My Taxes. Can You Help Me?
Our organization offers various services to help individuals and businesses get caught up on their taxes. We provide consultation, assistance with filing past returns directly. You can set up a payment plan with the IRS through your bank account if you need time to pay them. Advice is free on how to reduce penalties and interest.
Tax service providers who have completed your taxes in the past will have most of the data for subsequent years, making it a faster and easier process.
If you Received A Letter From The IRS, What Should I Do?
If you received a letter from the IRS, please contact our tax office as soon as possible. Our tax pros can provide you with expert support and tax help your need for your federal return. Depending on your tax situations and the taxing authority you need tax help with we can provide the tax professionals your need in dealings with the IRS.
I Am Applying For A Tax ID Number Or a State License. Can You Help Me?
Yes, we can help you apply for a tax ID number or state license. We can also guide the requirements for each application.
I Didn’t File A Return Last Year. What Should I Do?
If you didn’t file a return last year, you should file as soon as possible. The tax laws are that you may be subject to penalties if you don’t file a return, so it’s important to take action as soon as possible. Our tax pro can e file old tax years up to 3 years without additional fees then you have to snail mail them. If you need to file a prior year return, it is important to consult with a registered tax preparer who can electronically file returns for the two previous tax years through your online account and email address. Don’t miss out on potential deductions from prior-year returns and access your tax records easily through your online account.
Why Did I Receive A Penalty?
There are several reasons why you may have received a penalty from the IRS. Common reasons include not filing a return, failing to pay taxes on time, or claiming too many deductions. If you’re unsure why you received a penalty, we recommend speaking with one of our tax preparer for more information.
What’s The Difference Between a Tax Attorney and a CPA?
A tax attorney is a licensed attorney who specializes in tax law. A CPA is a certified public accountant and tax professional licensed to prepare and file tax returns. CPAs can provide tax preparation, tax advice and also offer some legal advice, but they are not attorneys.
Conclusion
We have mentioned some commonly missed income tax deductions that people miss and pay a lot of extra bucks to the government. You can consider them and if eligible reduce your bill when submitting the income tax. Get a free consultation to go over your tax returns. Give us a call or contact us.
If you cannot figure out how to get these benefits or whether you are eligible for those credits, you can use our tax preparation service!
We are a brick-and-mortar business that can be your in person or online tax service provider that can help you resolve your income tax or sales tax issues and keep you out of having legal problems. Our local office would be happy to review your prior year tax return and tax documents to make sure that you had the maximum refund on your individual income tax and provide tax tips to lower your taxes and maximize your tax savings, even in complicated tax situations. If we find that we can get you a bigger refund for the previous tax year, our tax pro will file an amended return for you for an additional fee. Our basic file fees including free state and e file fees with direct deposit is just $130. With our online and mobile options, you can access our services anytime and anywhere, including early access to your federal tax refund, but standard data rates may apply based on your phone carrier. We also offer the fastest refund possible with e-file and direct deposit, with the IRS issuing more than 9 out of 10 refunds in less than 21 days. Trust us to help you maximize your deductions and save on your individual income taxes every April. In addition, our pricing options are flexible and based on your specific tax situation, ensuring that you only pay for the services you need.