When it comes to filing taxes, especially for businesses, there can be lots of stress and confusion. The pressure of wanting to make sure you are doing everything properly, to avoid an audit or misfile can be overwhelming. Last tax season, we saw lots of new tax laws come into effect. This certainly had an impact on how many people missed their tax deadlines. If you are overdue on paying your taxes, King Financial Services is here to help you get your finances back on track. We understand how easy it can be to get caught up in your own life, especially if you are running a business of your own and are here to alleviate the stress and get you exactly where you need to be. If you are not behind on filing your 2018 taxes, this year- but are someone who often waits until the last minute, to collect the proper paperwork and figures you need in order to file your taxes, King Financial Services can help.
We believe it is never too early to start your tax planning and get your financial plan put together. Earlier this year, we became familiar with the new tax laws, many taxpayers who had been anticipating large tax refunds, instead, ended up being left with hefty tax bills. We want to help you avoid any mistakes in filing your personal or business taxes, to set you up for success and keep your costs as low as possible. Listed below are the top 3 most common mistakes to avoid for your 2019 taxes next season:
Every single year, the IRS is bombarded with thousands of tax returns that they cannot process due to incorrect information. One of the most common problems? Incorrect social security number. While it may seem like a no brainer to record your own social security number without error, it is still important to double check, Additionally, if you have to use the social security number of your spouse or dependents, it will be important to record this information without mistake.
All Income Counts
It is important to keep in mind, if you have received any tax forms from an employer, the IRS has received corresponding records as well. If you fail to include all income on your tax form, the IRS will see this inconsistency, which may lead to an audit.
When you work with a professional financial group, such as King Financial Services, you do not have to worry about checking your math to ensure everything has been properly accounted for. With King Financial Services, we take the stress and work out of your taxes and get your information to the IRS without error.
Sandra King Enrolled Agent
Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. While her services are offered nationwide, Sandra King locally serves the greater Dallas-Fort Worth area, including but not limited to Arlington, Bedford, Colleyville, Euless, Fort Worth, Grand Prairie, Hurst, Mansfield, North Richland Hills, and Richland Hills.