Tax season is daunting.
According to the American Psychological Association, 69% of Americans attribute their main source of stress to money, and 65% report that the stress comes up during the tax-filing process. If you are tired of drowning in IRS terminology, learning ever-changing tax rules, and meeting tight deadlines, hiring a tax preparer could be a beneficial choice for you.
What Is a Tax Preparer?
A tax preparer assists individuals and businesses in calculating and filing their tax returns.
Companies like G.I. Tax additionally provides personalized services such as financial aid applications, business applications, credit repair and counseling, finding discounted insurance rates, IRS debt settlement, and more.
Why Do You Need One?
The most transparent reason for working with a tax professional is saving money. Making mistakes while filing taxes can be costly. Tax professionals have expert knowledge of tax code and will ensure that you receive all the deductions and credits that you are eligible for.
In addition, using a tax preparer will save you tons of time. The IRS estimated the average tax return with deductions to take 20 hours. A tax preparation company will give that time right back to you.
Most importantly, going this route will reduce stress. Having a tax preparer on your side will not only take the burden off your shoulders but give you peace of mind that you will receive the most return possible. Opinions expressed here are the opinions of the author. Influencive does not endorse or review brands mentioned; does not and can not investigate relationships with brands, products, and people mentioned and is up to the author to disclose. VIP Contributors and Contributors, amongst other accounts and articles, are professional fee-based.
Dr. Jay Feldman is an Osteopathic medical doctor, speaker, and serial entrepreneur. He is the founder of several successful companies such as Otter Public Relations, Instelite, and REX Fitness. In addition to running multiple businesses, he hosts the Mentors Collective Podcast where he teaches the secrets to business success and creating freedom. He maintains a strong social media presence with over 200,000 followers. Dr. Feldman was recently named International Business Times “Top Entrepreneurs to Watch in 2020”