All tax services in Frederick MD are not created equally. In today’s world of computers, many tax preparers rely on computers to make all the decisions in a taxpayer’s return. While a computer is an excellent tool, and assists in faster income tax returns, they are not a substitute for experience and a broad knowledge of the ever changing tax laws.
Did you know that taxpayers filing jointly do not qualify for Qualified Child and Dependent Care Expenses if the taxpayer and spouse do not have earned income? Did you know that there is an exception to this tax code?
If the taxpayer or spouse is a Full-time Student or Disabled, that person is considered to have earned income in the amount of $250 per month for one qualifying person or $500 per month for more than one qualifying person for each month the taxpayer or spouse is a full-time student or disabled.
If you haven’t filed your taxes in a few years, you may be wondering what options you have. You may be surprised to learn that filing your tax returns can be the quickest way out of tax trouble. But you need to protect yourself. There are statutes of limitations for filing and collections processes for each state and for the IRS. Automated systems do not provide this information when filing past due tax returns. Sometimes what appears to be a problem with back taxes is simply a matter of filing the returns. It is important to understand the statues before filing these returns. Unless your tax preparer has a thorough knowledge of the tax laws, filing such returns may cause more problems than they solve. Speak with one of our experienced tax prepares for answers to your questions.
For a qualified tax service firm that insists on continuous education from its tax professionals call Business & Financial Solutions.
Fairfax | McLean | Middletown | Hagerstown | Urbana | Germantown | Gaithersburg | Montgomery Village
(Washington DC Metro Area)
Phone: (855) 557-2222, Fax: (855) 557-2222
Middletown | Hagerstown | Germantown | Gaithersburg | Ijamsville | Hyattsville | Adelphi
We have office locations in Rockville, Frederick and Vienna.