TAX PREPARATION

TAX PREPARATION

collecting, organizing, and submitting required financial information to federal, state, and local tax authorities to determine tax liability and ensure compliance.

• Accurate preparation minimizes audits, reduces overpayment, and ensures credits and deductions are claimed.

Deductions and Credits

• Standard deduction vs. itemized deductions (mortgage interest, state/local taxes, medical expenses above threshold, charitable donations)

• Child Tax Credit and Additional Child Tax Credit

• Earned Income Tax Credit (EITC) for qualifying low-to-moderate income taxpayers

• Education credits (American Opportunity Credit, Lifetime Learning Credit)

• Retirement savings contributions credit (Saver’s Credit)

• Business deductions for self-employed (home office, vehicle, supplies, health insurance)

Audit Preparedness

• Keep records supporting income, deductions, and credits for at least three years (seven years for some situations)

• Maintain organized documentation: bank statements, invoices, mileage logs, receipts, canceled checks

• Respond promptly and fully to any IRS or state tax notice; consult a tax professional if audit is proposed

Max Pro Financial Solutions — How We Help

• Comprehensive tax preparation for individuals, self-employed, small businesses, and rental owners

• Strategic tax planning to minimize liability and maximize credits

• Audit support and representation by qualified tax professionals

• Secure document handling and electronic filing for faster processing

Contact us to schedule a consultation tailored to your specific tax situation and to ensure accurate, timely filing.