Tax Preparation

MYTHS

Tax Preparation is so easy Thanks to Technology

SORRY TO DISAPPOINT

Tax Preparation is every bit as complicated today as it was a decade ago, in fact, things have gotten even more complicated in recent years because the Tax Laws need to be overhauled.

TAX REFORM HAS BEEN DELAYED AGAIN AND AGAIN

Congress has been lumping new and modified laws on top of the laws of years gone past which has made Tax Preparation that much more difficult. With few exceptions, Congress has pursued a policy of last minute extensions each year rather than writing new laws.

What I mean by that is that many of the Older Tax Laws have been expiring and Congress has avoided Tax Reform by just extending the Old Laws for one more year. Worst yet they wait until late December to make decisions leaving no time for tax planning.

COMPUTER SOFTWARE DOES HELP

It is true that Computer Software helps keep all the forms and calculations up-to-date, but if you do not keep updated on current events, don’t know how to use your Software, and/or don’t know what to look for, you are going to make lots of mistakes.