Villa Rica Tax Professionals
Tax Day always rolls around, and many Villa Rica residents find themselves unprepared when it comes to filing their personal taxes. It can be a headache trying to get all your paperwork together and fill out all of the necessary forms before that mid-April cut-off date.
Thankfully, RWB Tax Services of Villa Rica is here to help you. If you are interested in making your money work for you this tax season, give your local Villa Rica GA tax professionals a call at 770-456-9980.
Get in Touch With a Villa Rica Tax Expert Now
File Your Taxes in Villa Rica Stress-Free With RWB
If you are one of the roughly 60% of Americans who pay someone else to prepare their tax return, you probably made multiple visits to the tax preparer’s office because you left essential documents at home. Since tax preparation is done only once a year, here at RWB Tax Service in Villa Rica, Georgia, we have created this little article to help you get all the documents you need together before you meet with them.
Plus, RWB provides a handy Tax Planning service to help you get started gathering your info. Contact us to learn more! 770-456-9980
When you’re ready to file taxes in Villa Rica, categorize and divide your information with the list below:
Your ID & Information
Even if you return to the same Villa Rica tax preparer you have used for years, don’t forget to bring some identification with you. This is especially important if you plan to apply for a Refund Advantage Taxpayer Advance loan, as preparers must keep a copy of your current ID on file. In addition, it is always a good idea to bring Social Security cards for yourself, your spouse, and your dependents rather than trying to recite them from memory. An error of even a single digit will result in your return being rejected, which may mean a delay in obtaining the refund you are entitled to.
Income Documents
Your income tax return should reflect all your income, not just most of it or what you remember. This is important because any income not included on your return can result in penalties and interest for underreported or underpaid taxes.
Think of it like this, as far as tax purposes go, income is any money you receive from any source other than a gift. This includes social security, bank interest, retirement benefits, real estate sales, alimony, all other investments (including dividends), gambling, and your wages. So the income you received from your job, or jobs, will be reflected on the W-2 forms.
If you had other sources of income, such as money earned as an independent contractor, that information would be reported on a 1099 or some other form. Some sources of income that are often overlooked and for which you will need documentation are:
- Income earned abroad
- Rental income
- Income from hobbies
- Unemployment
- Awards
- Debt that has been forgiven
Proof of Expenses
Many people do not itemize their returns and therefore do not present proof of expenses to the tax preparer. For the tax year 2020 (which you will file in the year 2021), standard deductions for individuals are $12,400, $12,800 for married couples filing jointly, and $18,650 for those filing as head of household.
Tax-deductible expenses that can reduce your tax burden include:
- Self-employment expenses, such as mileage and equipment
- Unreimbursed employee business expenses, such as travel and meals for customers
- Certain educational expenses related to your work.
- Medical expenses (more than 10% of your adjusted gross income)
- Charitable contributions, including non-monetary donations, such as clothing or food
- Mortgage interest
- IRA contributions
- Union dues
- Last year’s tax preparation cost
Blank Check(s)
There are actually two main reasons you should bring blank checks with you when you go to your appointment with your tax preparer. One, if you owe any money, you can actually write the check right there and mail in your payment when you leave the office. Two, if you are receiving a tax refund, then you have all your bank account right there on your check if you wish to receive it via direct deposit.
Losses
Losses occur due to things like natural disasters, fires, theft, and other unexpected catastrophes. If you experienced a loss last year, bring evidence of the event in the form of police or fire reports, insurance claims, and other official documentation that explains what happened and when. If you have received a partial payment in the form of federal or state disaster assistance or insurance, bring that also.
It pays to be prepared, even when someone else prepares your taxes for you. Be sure to give your tax preparer all the necessary information. Be proactive in gathering your finances in one place to avoid worrying so much before the filing deadline. Assuming you provide your tax professional with everything that they must have, you should have a much more hassle-free tax season experience.
Best Tips for Filing Taxes in Villa Rica, GA
A tax pro like the ones here at RWB Tax Services can help you before, during, and after the tax season. Finding the right tax advisor doesn’t have to be complicated.
For example, if you don’t know if you are better off with the standard deduction than the itemized one, you may want to read up on it and do some math. Educating yourself before the tax filing deadline can help you save a significant amount of money.
Let RWB help you with all of your tax needs. So take the stress out of your tax season by choosing RWB Tax Services in Villa Rica, Georgia! Please stop by or give us a call today at 770-456-9980 in case you have any questions.
Benefits of Hiring a Tax Professional in Villa Rica, GA
- Saving You Money
- Saving Time
- Giving You Peace of Mind
- Stay Local
Saving You Money
Our Villa Rica tax professionals are experts at finding tax credits and deductions that many people miss when filing individually. Even one of these makes hiring a tax professional worth it, but finding multiple could make the money you save be extraordinary! If you’ve ever filed your own taxes, some of the types of deductions and credits can be confusing, so most people just skip it. Doing this could be losing you money, and we can help you take advantage of every possible opportunity!
Saving Time
The Internal Revenue Service (IRS) reports that it takes an average of TWENTY hours to file personal taxes. Twenty hours is a long time, and the truth is, time does equal money. People live busy lives, and taking twenty hours out of your schedule can be difficult, especially for individuals with families. By letting a Villa Rica tax professional file your taxes for you, you’ll be able to focus on the important things.
Giving You Peace of Mind
Not only is filing taxes time consuming and difficult, but it can be very stressful. It is quite easy to become overwhelmed and feel buried by paperwork. There is also the concern of drawing the ire of the IRS if something is done wrong. By hiring one of our Villa Rica tax professionals, you can rest easy knowing that your taxes are taken care of. Filing with one of our tax professionals can also reduce the risk of being audited by the IRS, and even if you are audited, you have someone on your side to help you through the process.
Stay Local
If you are hiring someone to file your taxes for you, it can help your peace of mind to know the person who is doing it. Thankfully, by filing with us, you are getting a down to Earth and personal experience with your friendly neighborhood tax professionals. We know how life is in West Georgia, and we understand the needs of our clients.
Talk to a Villa Rica Tax Professional About Filing Your Taxes
You shouldn’t have to spend days on end worrying about and filing the hundreds of tax papers necessary each year. Thankfully, our local tax experts know how to save you money, save you time, and give you peace of mind by filing your taxes for you.
We will bring our 50+ years of experience in personal taxes to you and help you make the most of your money. Call us today at 770-456-9980 or fill out the form below to get connected with a tax expert.
What Should You Do If You Receive a Letter From the IRS?
Millions of taxpayers receive a letter from the Internal Revenue Service (IRS) each year. Even individuals who file their taxes perfectly can still receive a letter. Seeing that federal notice in your mailbox can quickly cause a panic, as the mind starts to go crazy with worry. If this has happened to you, or if you are just worried about it happening to you, here are the steps you can take.
- Do Not Panic and Do Not Ignore It
- Be Careful to Avoid Scams
- Carefully Review the Information
- Take Timely Action
The first thing that most people do when they see a letter from the IRS in their mailbox is they panic. They worry that they have done something wrong and will receive punishment, but more often than not it is not that severe. If you see a letter from the IRS, stay calm but do not ignore it. It is crucial that you take action in response to the letter, but it is best to do so with a level head.
If the IRS contacts you in another form, such as through social media (Facebook, Twitter, Instagram, etc.), by texting you, or by calling you, then someone is attempting to scam you. The first contact from the IRS will usually come in the form of mail. If you are concerned that you may be being scammed, come talk with one of our tax experts, and we can help you find out the truth.
You need to know what the IRS is contacting you about, and the only way to do that is to read the letter. Be sure to be thorough in your reading, and it may even be helpful to take notes. Go through the letter as many times as necessary to fully comprehend what the IRS is asking. Once you know why you were contacted, only then can you move forward to take action.
When taking action in response to a letter from the IRS, it is crucial to be timely. Do not rush and do things improperly, but do not wait either. Consider what they are asking of you, and quickly work to resolve it. You usually do not have to contact the IRS and you should only reply to the letter if it explicitly instructs you to do so.
Figuring out what to do after receiving a letter from the IRS can be extremely stressful. If you are concerned with the letter or do not know what action to take, we can help. Your local tax professionals of West GA are experts in handling these situations. Give us a call at 770-456-9980 or come visit us to discuss what to do after receiving a letter from the IRS.
Notary Service In Villa Rica GA
Some documents need to be notarized in order to avoid fraud and ensure proper execution. Some common documents that need notarized are jurats, oaths and affirmations, copy certifications, and signature witnessing. If you need an important document notarized, come visit RWB Tax Services! We have Notary Professionals on staff who are always happy to help you.
**Important** – Make sure that you do not sign the document before arriving!
Professional Bookkeeping Advice from Local Villa Rica, Georgia Tax Professionals
Do you need help keeping track of you and/or your family’s personal finances? Creating a financial plan can save your family a lot of money in the long run, while also helping prepare you for tax season.
By having an expert take care of your bookkeeping, you can get unbiased advice about your spending habits and make sure that you aren’t losing money. Our tax professionals have over fifty years of experience with personal bookkeeping and can help you with your family’s financial plan!
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