According to the CCH Standard Federal Tax Reporter, as of 2013, it now takes 73,954 regular 8-1/2" x 11" sheets of paper to explain the complexity of the U.S. federal tax code! Then there’s the state tax laws, county tax laws, and city tax laws. What makes it worse is all these laws change on a yearly basis. As a registered tax return preparer with 20 years experience I stay on top of all the current laws.
How you plan for your retirement affects your taxes today. Should you invest in a Roth or traditional IRA? Or should you put your savings in bonds or stocks? Are there tax-free investment you can put your money into? I can help you with these and any other questions you may have about investing in your future.
Are you starting a new business? Its very important to consider which business type you select. Should you declare your business as a LLC? Or should it be a corporation? Or is it a non-profit organization? The type of business you declare determines the taxes you are responsible for. These are all questions for an experienced tax preparer.
With the new Affordable Care Act, health insurance is a major concern for everyone. And with the new penalties its critical to make sure your properly covered.
Let me help you find answers to these and any other questions you may have about preparing for future taxes. Advance planning can minimize taxes you pay and maximize your yearly refund. Give me a call to schedule a consultation today!