Are you worrying about how to handle your income tax problem this year? All tax payers have this question lingering in their minds when the tax filing day gets closer. Many tax payers don’t know about concessions that they can legally receive from the Internal Revenue Service (IRS). Income tax regulations are so complex, and sometimes the tax payer has to get professional help.
For instance, the IRS offers a special relief called Tax Advisory Service (TAS).The reason that tax payers don’t take advantage of this relief is lack of information. If you consult a lawyer from www.kahntaxlaw.com, you will receive professional advice that you need.
California is a state that has many high income professionals. Some analysts predict that the state’s high income earners will pay 52% of income tax, which will be the highest tax rate in the nation. Perhaps tax attorneys in California will be able to provide professional advice regarding new changes in the tax payments. California sales tax also went up recently.
Apart from concessions, there are many credits that individual tax payers can receive legally. For instance, there are tax credits for first time home buyers, Child and Dependent Care credit, adoption credit, earned income tax credit, and life time learning credit. Also, this year small business owners will receive health care credit too. There’s a credit for plug-in electric vehicles that encourage tax payers to go green.
In addition, there are many income tax deductions for individuals. Apart from the standard deduction, if you have donated money to a tax exempt non-profit, you will get a deduction. Your individual retirement plan is another deduction you can take.
Businesses also can receive various credits and deductions. If you are a business owner in California and your filing is complex, you can find an experienced tax attorney at www.kahntaxlaw.com to help you with it. The company lawyers are listed among prominent tax attorneys in California.
Even though there are credits and deductions, filing is the problem. If a tax payer doesn’t know what kind of documents is needed to file to receive these credits and deductions, they won’t be able to get the benefit. If you have a proper tax attorney only you will be able to take advantage of these items. If you visit www.kahntaxlaw.com you will find a knowledgeable lawyer who can help you.
If you are a Southern California resident with income tax problems, then you can find a tax lawyer in Los Angeles or a tax lawyer in San Diego because the company has offices in both Los Angeles and San Diego. If you live in Los Angeles and you had a visit from an IRS revenue Officer, then you should definitely look for help in www.kahntaxlaw.com to find a tax lawyer in Los Angeles. San Diego residents with tax problems can look up for a tax lawyer in San Diego in the same website.
When you have income tax problems, you won’t have peace of mind. However, you can find help if you visit www.kahntaxlaw.com.
