It isn’t just your imagination; tax returns are becoming more complex. This year, personal and business taxes are likely to be even more of a challenge for those who file their own returns because Congress waited longer than usual to finalize income tax laws for 2012. More people are turning to professional tax preparers this year to ensure compliance and make returns easier, but it’s important to find tax preparation services that suit your needs.
For those with single income sources, no dependents and otherwise simple returns, the standard 1040EZ could work for you. However, this form is designed for those with extremely straightforward tax returns that include no significant assets or property, no international income sources, no available deductions and amount to under $100,000 in annual income. Anyone who is not eligible to file a 1040EZ can benefit from hiring a tax preparation service. Continue reading