One of the most frightening things that an individual or small business owner can hear is that they are being audited by the IRS. This can bring about panic and worry, but there are a few ways that you can try to avoid staying off of the IRS radar. The rate of audits performed on individuals has been on the rise for many years, which has a lot of people on edge regarding their taxes. The best way to protect yourself from being audited is by having a professional accountant prepare your taxes for you. The following are a few tips on staying off of the radar of the Internal Revenue Service Galt CA.
Watch Your Deductions
One of the biggest red flags that a person can throw up regarding their taxes is having too many deductions. There is a thing called the deduction to income ratio and if it is a little off, then you run the risk of being audited. Only claim valid deductions that you know you qualify for because trying to beat the system can get you audited. A professional tax preparer will be able to give you their advice on what you should and should not try to deduct on your taxes.
Filing on Time
Another very important thing to do in order to stay off of the radar of the Internal Revenue Service Galt CA is to file all of your tax paperwork on time. If you get numerous extensions on filing your taxes, then you will be throwing a big red flag up to the IRS and it could get you audited. The IRS gives you plenty of time to file your taxes, so be sure to get everything together on time. If you are having trouble getting the right paperwork, then consult with an accountant.
Finding a great tax preparer is essential in staying off of the radar of the Internal Revenue Service Galt CA and one of the best around is Symons Accountancy. They have been in business for many years and they can bring that experience to work for you.