Taxes are one of life’s certainties. Affluent individuals, in particular, often have very specific needs when it comes time to file their taxes. With so many moving parts to consider, such as higher income, estate holdings, investments, business dealings, and many other facets that make up the whole financial picture, having a team of experienced tax professionals who can help you keep everything in order while also maneuvering, through the ever-changing variations of tax laws can prove to be most beneficial. Miser Wealth Partners, LLC, features IRS registered tax advisors to expertly guide you every step of the way in your personal tax filings.
What advantage does Miser Wealth Partners offer in personal tax filings?
No tax laws are set in stone. They change rather frequently, and it can often be overwhelming to stay abreast of those changes. Our tax advisors have an unyielding desire to continually learn everything we can about this often-complicated subject that has such an impact on most people in modern society. We specialize in clients who have multiple, varying types of assets, and we consider it our calling to help these clients optimize their tax strategies and protect those assets from any unnecessary taxation while also ensuring you’re in good standing with the IRS.
Is there a strategy involved with my personal tax filing?
In short, yes. Perhaps you feel you’ve been paying too much in taxes in the past and you’re not sure how to remedy that. Bringing on a professional tax advisor can certainly help. Along with preparing your complicated tax returns, the experts at Miser Wealth Partners can conduct all the necessary research and potentially develop a strategy to legally lower your tax obligation. There are several tax deductions available to high-income individuals, but not many people know about them.
Your Miser Wealth Partners tax professional will dig deep into the tax codes and uncover the deductions you’re eligible for that can potentially provide significant savings for your tax bill. We can also look at your returns and spending to make recommendations for adjustments that may make you more eligible for additional deductions.
How does Miser Wealth Partners stay ahead of tax law changes?
The Tax Cuts and Jobs Act of 2017, as an example, changed a lot of things in the tax world. Tax brackets are different, and tax preparers have had to learn a lot of new things. There was also the SECURE (Setting Every Community Up for Retirement Enhancement) 2.0 Act in 2022, among others. It seems like every year for almost 10 years now, there is some sort of new tax law that shakes up the landscape for tax planning. Miser Wealth Partners is on the hot button every time there’s a change. We remain committed to staying at the forefront of any changes to contribute to the overall benefit of our clients’ bottom line.
Can Miser Wealth Partners help me avoid an audit?
While we can’t guarantee with 100% certainty you won’t be the subject of an audit, Miser Wealth Partners can ensure that your personal tax filing will be meticulously prepared and evaluated by a knowledgeable professional who has your very best interest in mind. The IRS is more likely to audit some types of returns than others. Since our tax advisors are less likely to make mistakes and are more likely to know which deductions and credits you’re eligible for, hiring us can help make an audit less likely than if you tried to go it alone or employ a less experienced tax professional. In the rare event of an actual audit, you’ll have a seasoned professional in your corner who will go to bat for you and help defend you throughout the audit process.
Where can I get help with my personal tax filings in Tellico Village and East Tennessee?
If you’ve found yourself bogged down in the weeds with your personal tax filings, our extremely experienced team of tax professionals at Miser Wealth Partners are standing by ready to help. Call us at (865) 281-1616 or click here to schedule a time to talk with us to get the tax help you need.