Tax Preparation

Service Description

Tax preparation is the process of gathering financial records, calculating taxable income, and filing tax returns to comply with local, state, and federal tax laws. It involves: - Identifying Deductions & Credits – Ensuring all eligible deductions and credits are claimed to minimize tax liability. - Filing Tax Forms – Completing and submitting required forms like 1040, 1099, W-2, and others. - Understanding Tax Laws – Staying up to date with changes in tax regulations to ensure compliance. - Managing Tax Payments – Calculating and making payments for estimated taxes, refunds, or amounts owed. Tax preparation can be done manually or using software, and many individuals or businesses seek professional assistance to optimize their filings