Are you suffering from Tax Headaches or IRS Indigestion
Are you suffering from Tax Headaches or IRS Indigestion?
- Does doing your federal income tax give you headaches?
- Are you struggling with an unnecessarily complex tax situation?
- Are you confused about what to do next?
- Do you feel like youre giving the IRS too much of your money, but don’t know what do to about it?
Relax… You have come to the right place!
We are here to help you… Cordero CPA wants to help sort it all out for you. We enjoy working with our clients. We’ll take the time to consult with you and then carefully implement our tax strategies to protect you against paying too many taxes.
A Few Basic Tips
- Get your receipts together - If your system of organizing tax papers involves a box labeled “Florsheim” or “Nike,” it’s time for a filing-system makeover. Even if you’re organized, chances are one or two pieces of paper–an earnings statement mistaken for junk mail or a misfiled receipt–have gone astray
- Start organizing for next year - While the year is young, invest in another file folder to organize. You could alternatively purchase software like Quicken or Microsoft Money to keep track of your receipts. The earlier you get organized, the less you’ll have to be concerned come tax time.
- Itemize Deductions -Part of sound financial planning is ensuring that you don’t pay more taxes than necessary, which means you need to have at least a basic understanding of itemized deductions, even if an accountant prepares your taxes. It’s especially important if you prepare your own taxes.
- What Is Itemizing? Each year when you file your income tax return, you have to choose between using the standard deduction (a flat amount) or claiming your actual allowed deductions, called itemizing. If your actual expenses exceed the standard deduction, you’ll save money by itemizing.
