Every year it is important to make sure that your tax return & audit services are up-to-date in order to stay compliant with the law. If you fail to do so, there could be costly consequences. Here are 5 ways to keep your taxes updated for this year!
Our firm offers a wide variety of tax return and audit services that are tailored to meet the specific needs of our clients. From preparing and filing your own tax returns to representing you in audits, we have you covered. You may go through Motion Accountancy to get advice from experts on audit services.
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Our team is composed of experienced professionals who can help you with every step of the tax process, from preparing your taxes to fighting any potential penalties or errors what is a typical timeline for an audit or tax return?
Tax returns can take a long time to prepare, especially if you have complex deductions or credits. The IRS recommends that you file your return by the due date, which is generally April 15th of the year following the year you filed your return. However, some people may be able to get an extension of time to file their return.
The IRS also offers free electronic filing of tax returns for most taxpayers. If you are required to mail your tax return, make sure that it is received by the IRS in order to avoid penalties and interest charges. Furthermore, keep in mind that there are often updates or corrections made to tax returns after they are filed.
If there are any changes to your income or deductions that you did not include on your original tax return, these changes may need to be reflected on your amended return. If you have questions about whether a particular change impacts your taxes or how to correct it, consult with an accountant or tax preparer.