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Benefits of Using Tax Preparation Services for Couples in Wilmington NC. New Hanover County residents are eligible to receive free tax preparation services and filing through the Volunteer Income Tax Assistance program (VITA) or AARP, which is provided by IRS-certified volunteer at various locations from February through April.

Changes in tax laws can significantly change personal deduction limits, making it essential to stay abreast of the latest rules and regulations. Marlies Y. Hendrick's professionals can assist in navigating through these complex nuances.

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The tax season can be stressful without the added stress of complicated paperwork and financial calculations. Worrying about what amount you owe the IRS can also cause headaches and restless nights - further exacerbating stress. Don't worry, there are easy ways to reduce your stress this year: Consult a professional tax service.

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To reduce stress during tax season, you should start your filing early. Procrastinating will only increase anxiety and increase the chance of making mistakes that cost more in penalties than filing earlier does. Plus, filing early allows you to claim any refunds that you are entitled to!

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Residents of New Hanover County can receive free assistance with filing their taxes at certain locations, through the IRS Volunteer income tax Assistance (VITA), and AARP Click for source Foundation's Tax-Aide program. Both sites operate year-round with IRS certified volunteers undergoing extensive training to meet high quality standards; they can answer basic inquiries regarding federal and state returns as well as provide advice about retirement issues for people aged 60 years or above.

VITA and TCE programs are different from most online services in that they do not ask for personal information. Instead, they rely on community agencies to provide free services of return preparation.

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If you owe back taxes, the IRS could garnish your wages or file a lien on your property - which can have serious repercussions for your finances. A Wilmington tax lawyer can quickly get these liens and wage garnishments removed so you can regain control of your finances.

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You will save time and money by hiring the right tax preparation service. Many firms provide flat-rate pricing so there won't be a surprise bill at the end of your appointment, while also having online submission options to make uploading forms simple and efficient.

Jackson Hewitt is one of the biggest tax firms in the US, and their fee-based services start at just $199 for simple returns. The price increases depending on the number of forms that need to be filed. They even offer the convenience of dropping off paperwork early before coming back later for review sessions - ideal for busy professionals with limited time on their hands.

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Tax preparation companies can help you manage IRS debt in addition to helping you avoid penalties. One effective solution is an Offer in Compromise arrangement which can significantly lower the debt amount owed.

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A professional tax preparation service will help you better understand your taxes. They will explain things such as benefits and deductions available to you as well as strategies you can employ to lower them.

The City offers its employees two deferred compensation plans: Prudential 401 (k) plans and ICMA (457) plans. The City contributes 4.5% of each employee's salary to each plan. Individuals can add more money to the plans, subject to IRS rules.

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If you owe taxes, the IRS can garnish your wages or bank accounts. A Wilmington tax attorney can quickly have payroll garnishments removed so you can recover your hard-earned funds, while also helping qualify you for an offer in compromise deal to reduce some of the amount due.