Posted by: Garcia & Cuadra, PA | September 25, 2017

Individual Tax Preparation: Getting Ready for Tax Season

Tax Preparation | Tampa | Garcia & Cuadra, P.A.

Not many people in Tampa look forward to tax season, but it is a reality that we must all face every spring. Individuals who want to make life easier learn early on to trust a professional with their accounting and financial matters. Placing your financial stability and accounting needs in the hands of a professional is essential for staying on top of the game. Instead of falling behind, contact Garcia and Cuadra to get help with your financial preparations. In addition, Garcia and Cuadra can assist you in getting the most out of your returns with professional tax preparation!

What to Bring to Your Tax Preparation Meeting

When you choose to enlist the assistance of a professional in Tampa, you benefit from the having tax advisors with experience help you with:

  • Income. If you are a full employee, then bring any W2s you have from the past year or 1099s if you did any work as an independent contractor. Bring documentation of any other sources of income such as investments and interest.
  • Expenses. You can deduct certain expenses from your taxes. Discuss with your tax preparation specialist if you can deduct medical expenses, moving expenses, and more. You will need receipts and other documents if you wish to deduct these expenses, so come prepared.
  • Deductions. If you have children, then there are many aspects of being a parent that can be deducted from your taxes. Other overlooked deductions include charitable donations, 401(k) and IRA contributions, education and job expenses, student loan interest, and much more. A professional can help you determine what you can deduct, getting you the largest return.

There are many other benefits of enlisting a professional to help with your tax preparation in Tampa Bay. By hiring a specialist, you can save time, money, and serious stress when it’s time to file your return.

Choosing Enrolled Agents for Tax Preparation

Many people don’t know what Enrolled Agents do. Enrolled Agents are individuals who are fully licensed and granted the power to represent taxpayers by the IRS. In order to become an Enrolled Agent, an individual must pass an extensive Special Enrollment Exam. This exam covers federal tax planning, taxpayer representation, and individual and business tax preparation. Requirements include continuing their education throughout their career to stay on top of the latest changes in policies and procedures.

At Garcia and Cuadra, we have Enrolled Agents on staff who are ready to help you make the most out of your taxes this season. We work tirelessly to help make sure that you get the help you need in the Tampa Bay area. Give us a call today at 813-415-2431 or contact us online to schedule an appointment.

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