The beginning of the year means New Year’s resolutions and tax time. There are some people who have simple returns to prepare, therefore, they handle their taxes on their own. There are some people who have complicated returns so they hire a professional. There are certain situations that a person should hire professional tax services in Merritt Island FL to handle their taxes, even if the return is simple.
Mistakes Were Made In Previous Years
If a person thinks that an error was made on their return within the last three years, they should have a professional do their taxes. In cases such as these, an amended return would need to be filed to minimize the damage. This is something that should be handled by a professional.
Recent Marriage
If a person was married during the last year, they should have a professional do their taxes. It is best to sit down with a professional to discuss adjusting any withholding amount. They should also get advice regarding how they should file whether it be separately or jointly.
Employment or Residency In Multiple States
If a person works in one state but lives in another, it can make things pretty confusing come tax time. The same is true if they moved to a different state during the middle of the year. Most people don’t know the tax laws in situations like these, therefore, they are better off getting help from a professional.
Adopting a Child
If a person adopted a child in the past year, they would be eligible for an IRS credit for up to $13,400 per child that was adopted. They might also be eligible to get a credit for the cost of the adoption. Since most people don’t know much about the tax laws that are related to adoption, they should hire a professional who understands the laws.
There are certain circumstances that can make filing a tax return more complicated than the individual is used to. If a person finds themselves in any of the situations above, they are better off hiring professional Tax Services in Merritt Island FL to handle the job. For more information, click here.
