Most people dislike filing a tax return not just because it costs them money but also because they find it extremely complicated. That’s why it is not uncommon to see people making grave mistakes while filing tax returns. Here we will share the professional opinions and experiences of Dorothy Lawrence in this regard. Dorothy Lawrence is an accomplished financial attorney in Central Texas and the CEO of the Dorothy Butler Lawrence Firm. The New York Weekly Times recently listed her among “The Top 10 Incredibly Impactful Women to Look Out for in 2022”. Dorothy has won the Super Lawyers’ Rising Star award consecutively every year since 2016!
Here are some of the most important things Dorothy wants you to know about filing tax returns.
File Under the Right Status
Dorothy Lawrence says that one of the most common blunder people commit while filing tax returns is filing under the wrong status. It is very common for people, she says, to file as head of a household while they are legally married. Similarly, some unmarried people commit the mistake of filing as married couples. Dorothy believes that for some people, these are genuine mistakes while others deliberately try to file under a different status, trying to get a larger refund. The IRS has made these statutes very clear. It’s very important to get these statutes right; otherwise, you can get yourself in serious legal trouble.
Keep All Documents Ready
Knowing what information and forms you should get ready before filing a tax return is very important. Dorothy suggests that you should have all of your income documents from banks, employers, or institutions where you may have financial assets or accounts. The Dorothy Butler Law Firm can assist you in readying the right documents for your tax returns.
Know When to Use a Tax Preparation Software
People are often confused about when and whether or not to use tax preparation software. Dorothy believes it’s completely okay to use tax prep software as long as your tax return is simple and straightforward. She recommends using the Tax Act software for preparing simple tax returns. However, she strongly recommends not relying on tax prep software if your tax return is complicated. Once you have more than a few W2 forms or interest forms, she says, trusting a tax prep software to do your taxes for you is not the right choice. Using tax prep software itself is not an easy feat. That’s why you should always have a professional financial attorney like Dorothy on your side.
When to File Taxes
Dorothy strongly recommends filing taxes as early as possible. This is because she says the earlier in the season you file, the faster your refund will come back. However, if you don’t need the refund earlier, then there is no real benefit to filing taxes early in the season.
How Can the Dorothy Butler Law Firm Help You?
Dorothy and her firm can help you get the most money back on your tax returns. She and her firm will make sure every deduction that can be taken is taken and is taken properly. Many of the clients that seek Dorothy’s professional services do not know they are entitled to a home office deduction. Similarly, many clients are unaware of the many credits that her firm claims for them on their behalf. The Dorothy Butler Law Firm can help you file your tax returns correctly and claim major deductions and expenses in the right manner. From readying the necessary documents to preparing taxes and filing tax returns, the Dorothy Butler Law Firm is all you need to get it right!