Tax filing season is right around the corner and with it comes one of the questions many individuals face without realizing all of the potential impacts of their decision. No, it doesn’t have anything to do with their income, filing status, withholdings, or any other income issue - this answer is evident before even the first tax or demographic related question is asked. Will you file your own taxes attempting to use a computer program or trust the trained professionals?

Nearly 250 million tax returns were filed last year and each is reviewed by the Internal Revenue Service (IRS) for potential errors. If any mistakes are found - intentional, egregious, simple, or otherwise - then taxpayers can expect notification about the need for a correction. This may be in the form of paying more money, an amended return, or penalties and interest but any red flags raised with the IRS is never good. While picking up computer software may seem quick and easy, the results can be extremely costly.

Initial Appearance

At first glance being able to complete a tax return within the comforts of your own home and pace seems like a reasonable idea. Click a few answers, enter a few details, and voila - out comes a complete tax return electronically filed with all appropriate parties.

Reality

But was it? Just an answer or two into the program and you’ll realize why tax professionals are worth the investment. Forget about second-guessing and hoping that the IRS doesn’t come calling because you selected the wrong box and simply trust the trained professionals over personal preferences and guesswork.

Cost

That program in a box may initially appear to be less expensive but is it truly all you will have to pay. In addition, do you know the ever changing tax laws and opportunities to withhold? Chances are by filing taxes yourself the opportunities for deductions and potential refunds will be missed. Not only does this cost you money when filing but errors could ultimately break the bank if you’re not careful.

Changes

Did you get a new job last year? Have a kid? Get married? What about stimulus money? There are plenty of changes which could impact your tax return from one year to the next. While some who have relied on a computer program in the past may simply feel the need to continue, reality is even the slightest change to your personal situation will impact a return.

If you’re ready to file a return and realize the importance of having an expert assist, then let the tax professionals at Bloch Rothman and Associates help you today. In addition to providing answers to all of your questions, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by either the IRS or an outside agency, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete all types of returns or answer any other factors associated with financial issues or concerns you may have.

Serving Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us today. Available for all of your tax needs, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and providing the type of service you can rely on whatever your needs may be very soon!