To help you with your tax preparation needs, Cost-U-Less Insurance has partnered with Tax Max to offer excellent tax preparation, filing and refund services starting Jan. 1.Tax Max is a national tax preparation company with an A+ better business bureau rating that specializes in partnering with insurance companies to enable their customers to file their income tax return. You can prepare your taxes quickly and accurately and ensure you get your refunds quickly so you can stop waiting to get the car insurance you need. Next in the price tier are enrolled agents, who generally have higher rates than people who only work with a Preparer Tax Identification Number (PTIN).
You can save considerably if you buy tax preparation software if your tax situation isn't too complicated. Professionals can help you respond to IRS information requests, negotiate payment options if you owe more than expected, and create a tax plan to save on taxes in the future. Free online tax preparation software can guide you step-by-step through the tax return process to help you avoid mistakes and maximize any refund. Be prepared to pay more if you show up to your appointment with receipts randomly stuffed in a cardboard box, or if you're missing one or more important tax documents, such as the Form 1099 you received for interest income you earned during the year.
The cost of preparing your tax return is reduced to the total amount of time spent working on your returns. If you are a DIY enthusiast and are comfortable with tax preparation software, you can do your taxes yourself in an afternoon or a weekend and save the fees. If your tax advisor charges by the hour, be sure to find out how much they charge and how much time you expect to spend on your taxes. Some tax lawyers may offer tax preparation and planning services, although not all of them are qualified to do so.
The slightly longer answer is that the cost of filing your taxes with a tax professional will vary based on a wide range of factors. The cost of hiring a professional accountant to do your taxes varies depending on your situation and the tax forms you must file. To find out what services are considered essential in your area, visit the official government website of your state or city and search for information on essential services.