Mistakes on Your Taxes Can be Costly
As tax season is upon us in 2021, many people might be debating whether to consult with a tax lawyer regarding their filings. While it can be tempting to try to save money by attempting your taxes on your own, be aware that even a seemingly minor error can be costly in the long run. First, keep in mind that tax laws are always changing. Just because you maximized your deductions last year does not mean the same will work the next year. If you miss a changing law that might benefit you, it is common to pay much more than you should. Next, if you fail to claim all of your income, gains, or international accounts, you might end up paying less than you should. If the IRS conducts…