Friday February 1, 2013
"If I had a huge income tax refund last year, should I expect the same this year?"
That's actually a bit tricky to answer. The amount of refund is based on the withholding tax of the whole year. Hence, the satisfaction with your income tax return is tied to the amount of your income tax refund.
To professionally handle such situation and to clearly answer your questions, proper tax planning review may be needed to review your goals. Do you want to receive a large refund, or just break even with what you owe the IRS on April 15th.?
We can ensure that you have the maximized deductions, and ensuring that you are claiming everything that you are entitled to. In addition, we can help you ensure that you are within the tax paying guidelines.