Tax Preparation

WARNING: IRS Audits Rapidly Increasing…
How Confident Are You That Your Return is Accurate?
Could You be Missing Potential Deductions?

10 million tax payers missed out on a chance to get a bigger refund last year simply because they neglected to fill out one line on their tax return. Will you miss a similar opportunity this year?

Today’s tax laws are increasingly complicated and the rules for deductions and credits change year by year. Are you aware of all the deductions and credits that might be available to you this year, even on the most basic of tax returns? Perhaps you feel secure in your do-it-yourself tax preparation software, but let’s face it… There is no substitute for an experienced tax professional who can answer your questions and ask you the questions that might be key to saving you tax dollars.

With our tax return services you get:

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Assurance that your return has been checked and double-checked for mathematical accuracy and errors that are commonly flagged by the IRS, resulting in fewer chances for contact by the IRS.

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Tips for better managing your payroll withholding so that you can have the advantage of greater income all year long, rather than loaning that money to the government and waiting for it to come back in the form of your yearly tax return.

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A list of common deductions that may benefit you in the coming year, and tips for limiting your future tax liability.

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Electronic filing for a quicker refund.

Let Us Help:

 

Lillian Turner-Bowman’s Insights on Being a Financial Caregiver

And just like that, Tax Day is a week (or less, depending on when you’re reading this) away. Remember back in January when I said it would be here before you could blink?If you’re one of those who are waiting until the last minute, and my reminders haven’t been enough...
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Lillian Turner-Bowman’s Guide to Filing an IRS Tax Extension

Did you experience any good April Fool’s jokes this week? I always love to hear about a good prank.Here’s one that’s actually not a joke (sorry)... We’re in the final stretch leading up to the April 15th personal filing deadline.It’s our Game 7 around here, and we’re...
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10 Life Change Events You Should Share with Your New York/New Jersey Metro Tax Pro

Three weeks. Yeah, that’s roughly how long until April 15. If you’ve already filed your return, don’t check out – today’s article will help you know if you need to do things differently on next year’s return.But if you haven’t yet prepared your taxes… well, you’re...
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3 Common Tax Return Mistakes New York/New Jersey Metro People Can Easily Avoid

According to a survey by the American Cleaning Institute, 80% of Americans plan to spring clean this year.What’s funny is that same percentage of people would rather spring clean than take care of their taxes.I get it.While I understand that sentiment (taxes take...
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5 Income Tax Deductions New York/New Jersey Metro Taxpayers Overlook

Are we out of the inflation hole yet? (A curious mind wants to know…)Well, according to the Fed, they’re waiting a little bit longer to confirm that. The good news for now is no new interest rate hikes and maybe even some cuts down the road. That spells good...
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Lillian’s Professional Services LLC’s Top Tax Credits for a Newly Single Parent List

Last week, the IRS debunked some myths on 1099-K reporting.Remember, the IRS is planning to phase into the $600 reporting threshold for PayPal, Venmo, et al. Here’s how that breaks down (as of this writing):- Nothing will change for 2023. The threshold is...
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Lillian Turner-Bowman’s Practical Guide to Stop Getting Spam Email

I hate to be THAT person (you know, a nag) but because we’re about to enter March, I want to put this reminder in front of you yet again: time to get your 2023 taxes filed. April 15 is about 6 weeks away. It seems like plenty of time but also not enough to take...
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Eleven Ways New York/New Jersey Metro People Can Improve Financially Security

These days, I'm often glad that it's our busy tax filing season, so that I have an easy excuse when political conversations are happening: Oh THAT [crazy new political story]? Huh, didn't see it — I'm too busy with tax season.With all of the chaos out there, it's...
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How New York/New Jersey Metro Taxpayers Can Craft Their 2024 Tax Planning Strategy

The Super Bowl seems to turn into a bigger deal every single year. Not just the cost of commercials, which are astronomical, but also all the lead-up to it. The Pro Bowl, the player interviews, the photo shoots, the practices, the celebrity appearances, the glitz and...
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The Basics of Self-Employed Taxes for New York/New Jersey Metro Freelancers

Taylor Swift is everywhere right now. I’m guessing you noticed, too?This weekend’s Grammy’s saw her fall in league with greats like Frank Sinatra and Stevie Wonder after winning album of the year for the 4th time (and a once-again snubbed Beyonce). The Grammy’s also...
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Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

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