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Showing posts from April, 2019

Why Do You Need to Hire a Tax Consultant? | Nationwide Tax Consulting

Filing tax return can be done on your own if your tax situation is straight forward and you have not done any significant transaction in the current tax year. However, It might take yourself around 10 hours that includes collecting documents online and finally submitting the tax return. Individuals who file on their own get a satisfactory experience, but it might be time-consuming. IRS has made a lot of changes in tax codes, and it's quite challenging to keep up with all the updates. In case of issues with your tax return or to save time and properly do things, hiring a professional company such as Nationwide Tax Consulting is always the right choice. Here are sharing major reasons for hiring a tax consultant. Time: Filing tax return on your own might take up to 10 hours for collecting necessary documents and submitting your tax returns. Hiring a tax consultant, you can spend that time doing things you love to do. Higher Returns: IRS makes changes to tax code, and it is not poss

IRS Penalties for Late Filing and Late Payment | Nationwide Tax Consulting

April 15 was the last date for most U.S. Citizens, but individuals from  Maine or Massachusetts should file their taxes by today on April 17, 2019. Individuals who will fail to file or pay taxes by the deadline, by the law, IRS will access penalties. So consider to file and pay your taxes on time with help from Nationwide Tax Consulting to avoid any additional charges and penalties. Here we are sharing eight essential points for late filing and paying: 1.  A failure-to-file penalty may apply if you will not file the taxes by the tax filing deadline and A failure-to-pay penalty may apply if you will pay the taxes you owe by the tax filing deadline. 2.  The failure-to-file penalty is generally more than failure-to-pay, and you should file your taxes each year on time, even if you can pay the amount you owe. You may reduce the additional interest and penalties by paying as much as you can with your tax return. You can go with other options such as getting a loan or can also go with an i

Tax Day 2019 | Nationwide Tax Consulting

USA Citizens must file their federal tax returns for 2018 by April 15, 2019, and individuals from Maine or Massachusetts, should file their taxes by April 17. According to Nationwide Tax Consulting, if individuals pass the original due date shared above, will owe interest on unpaid tax or will also be charged with additional penalties for filing late and paying late. To avoid such penalties and to pay extra money as interest, why don't seek help from tax professionals at Nationwide Tax Consulting and file your taxes on time. Several online software is available even which can let you proceed with the procedure your self and you can file and pay your taxes, but it could not clear things as a professional can. Even, if you have skeptic with the amount owed, a tax professional can look into your income and match taxes, and if any difference found, a tax professional can negotiate on your behalf and set the right amount that you owe. Even, if you can't pay taxes due to financial

How to Figure Out Right Company to Handle Your Tax Matters? | Nationwide Tax Consulting

Scams in every business sector are rising, and it became difficult to find a relevant company, especially when you are after a tax resolution company. Companies are scamming individuals pretend to be best and losing money on two sides, one to IRS and one to companies who charge their fees but do not deliver the results committed with their clients. Finding a company is easier but finding a relevant company is quite challenging. It's not easy to trust a company without little investigation at your end. It is a common issue, and the following tips will help you to choose a relevant company to manage your tax matters. Initially, when you are after a company, ask for references in your contacts in local and if you can find one that your friend or a family member have tried earlier. From your local references, you can find an appropriate company that can resolve your issues for sure. If you cannot find a reference, consider checking on the internet, and you will get a list of companie