Who Can Help with Tax Issues?
Either you have to make a tax return for the previous year or save thousands of dollars of tax for the upcoming years, you need a consultancy firm to get the work done for you. US tax laws are difficult to understand, so many tax holders consult a firm to handle tax issues.
You will find Certified Public Accountants (CPAs), enrolled agents, tax attorneys, financial advisors & chartered accountants in a tax consultant firm to analyze your financial situation, suggest the best strategy & handle all formalities in a corporation.
Moreover, law consulting firms save thousands of dollars by achieving tax efficiency.
8 Ways to Get Help with Tax Issues
- Tax Consultancy Firms
- IRS (Internal Revenue Services)
- Community-Based Free Tax Preparation (VITA)
- Taxpayer Advocate Service Office (TAS)
- Free Tax Software
- AARP Tax-Aide
- The Armed Forces Tax Council (MilTax)
- Low-Income Taxpayer Clinics (LITC)
1. Tax Consultancy Firms
Tax advisory/ Consultancy Firms are the best way to get the job done quickly and professionally, but you have to pay an amount for this. Not only tax returns, but you can also do tax planning, tax management & strategies for achieving tax efficiency; a tax consultancy firm can do all. This is how companies save thousands of dollars of tax by hiring a tax firm to consult on the best strategy after analyzing the financial situation.
Tax Consultancy firms have a team of Certified Public Accountants(CPAs), enrolled agents, tax attorneys, financial advisors & chartered accountants, which deliberately analyze the company’s financial situation and suggest them a strategy. However, you have to pay an amount to hire a firm, which is less than the amount of tax you would save.
Long Island Tax Resources (LITaxresources) is one of the best tax consultancy firms in the US. The LItaxresources has completed 1500 projects with their team of professional CPAs & tax attorneys. They offer full-service payroll, tax preparation, tax planning, business information & licenses, technology, and software implementation at standard rates.
2. IRS (Internal Revenue Services)
IRS (Internal Revenue Services) is a government-building organization that helps people understand and fix their tax issues. There are many IRS offices in your year, which can help you to reduce patience.
IRS Help Lines
IRS representatives have different specialties. For tax questions, anyone, regardless of their income level, can call 1-800-829-1040. If you call in a dozen times with various questions, you would probably be transferred to several representatives.
Consider the following example: You just graduated from college and wonder whether you are eligible for education tax credits or deductions. A representative of the IRS will transfer you to someone specializing in this issue. You can also order forms or send previous year’s W-2s. This service is helpful if you didn’t file a past tax return or amend an older return and misplaced your W-2s.
IRS Tax Office
When you can’t resolve a tax issue over the phone or online, you can schedule an appointment with the IRS Taxpayer Assistance Center. IRS website provides contact information for your local office.
3. Community-Based Free Tax Preparation (VITA)
The IRS trains volunteers to assist you with your tax returns. Most individual taxpayers are subject to income limits under the Volunteer Income Tax Assistance (VITA) program. Current Armed Forces members can use it for free regardless of income.
Due to the crisis and lockdowns in 2020, many VITA sites are either not open or operating at a reduced capacity. Please visit the IRS’s Volunteer Income Tax Assistance webpage or call 800-906-9887.
4. Taxpayer Advocate Service Office (TAS)
If you have a problem beyond filing a tax return, you can contact the IRS’ Taxpayer Advocate Service (TAS). The tax assistance service helps businesses and individuals, regardless of income level, with long-term issues with taxes, such as trying to resolve a tax question from the previous year.
5. Free Tax Software
It doesn’t matter what your income level is; several companies offer free, essential tax software, including: You can solve your tax issues free of cost by just a little using freeware
- Free File (IRS)
- TaxAct
- TaxSlayer
- H&R Block
- TurboTax
- FreeTaxUSA
- Credit Karma Tax
Free File is IRS own free software. There is one issue you can’t adjust more than 72000$, whether married or single.
6. AARP Tax-Aide
Low- and moderate-income people can receive free tax preparation from AARP. Similar to the VITA and Tax Counseling for the Elderly programs, these services are accessible to the elderly. Call AARP Tax-Aide toll-free at 888-687-2277 or visit their website to enter your zip code to search for nearby Tax-Aide locations.
7. The Armed Forces Tax Council (MilTax)
VITA, funded by the IRS, sponsors the Armed Forces Tax Council. It offers military personnel free tax preparation services. Volunteers who work for the Air Force, Army, Navy, Marine Corps, and Coast Guard are specifically trained in the types of tax issues common to these services.
If you want to prepare your tax return, Military One Source also provides free access to H&R Block At Home. Visit the website for details, or call 800-730-3802 to speak with a tax adviser free of charge.
8. Low-Income Taxpayer Clinics (LITC)
Taxpayers whose tax problems require assistance may obtain free or low-cost service through the Low-Income Taxpayer Clinic Program (LITC). Tax court representation is available for those who need it to resolve problems. Those whose primary language is not English can also receive assistance at the clinics.
LITCs are operated by nonprofits, universities, and law schools. Taxpayer Advocate Service (TAS) supervises them, and they receive some funding from the IRS. Tax clinics are listed in the IRS directory. To find them, use the search function at the bottom.
A taxpayer who meets the program’s eligibility criteria will receive help if their income is within 250% of the federal poverty line.
FAQs
How much does it cost for a CPA to do your taxes?
There is no fixed amount for a CPA to do your taxes. However, the average flat fee for tax returns is up to 350$. In short, you have to pay a considerable amount to get the whole work done.
Where can I get my taxes done for free?
To get tax retirement done for free or free tax consultancy or advisory, visit the nearest IRS (Internal Revenue Services) or call the toll-free number. This government organization helps low-income individuals get tax returns and consultancy free of cost.
Can I help someone with taxes?
Yes, you help anyone trusted with taxes; you can also use online software to get tax returns such as Free File & Turbo Tax. If you prepare more than 20 tax returns for others using your TurboTax account, CRA considers you a professional tax preparer.
Conclusion
Although the government provides free services for tax preparation such as IRS, VITA & AARP. Most of them are low-cost clinics for lower-income personnel and households. While higher-income personnel and companies hire private tax consultancy firms to get tax returns and save thousands of dollars through tax planning. I.e., LITaxresources is one of the leading tax advisory firms in the US.