At S&S, we understand how challenging it may be to prepare for filing the taxes. Many, people make easily avoidable mistakes during the tax season. To help you avoid such mistakes, here are some helpful tips for your benefit:

• Be Organized - Keep all tax documents received in mail or electronically and share them with the accountant.

• File Extension - If you are unable to file the tax return by due date, file the extension for your federal, state and/or city return.

• Report all income - U.S. citizens are required to report worldwide income, on their tax returns unless it is exempt under federal law. 

• Don't Procrastinate - No matter how simple your tax return is, do not wait until the last minute to file taxes. .

• File Electronically -If possible, opt for electronically filing. The e-filed returns are processed faster and refunds are received earlier too.

• Protect Yourself - Share tax information with your trusted accountant only and beware of  tax preparers who promise "biggest refund". 

• Take benefit of deduction and credits - Depending on your situation, there are several methods to reduce taxes or increase refunds through deductions and credits such as itemized deduction, capital loss deduction, child tax credit etc. We can help you with that.

 

    Contact us today to get a benefit of our expertise and make this tax season an easy one for yourself!​