Tax professionals can help Americans navigate tricky filing issues

Every April, millions of Americans are likely very stressed out about the issues that might arise as a result of their tax filing status, and are often unsure what they can do about them. However, it is generally advisable for people to make sure that they are working with licensed and reputable tax professionals to ensure that they're as protected as possible from any issues that might arise.

The ins and outs of the tax code every year can be difficult for just about anyone to navigate, and those who have limited to no experience in dealing with all the rules might find themselves in a bit of hot water with the Internal Revenue Service if they haven't made sure all details of their filings are as they should be. This may be particularly true for people who owe more than they can afford to pay back at any given time, who might therefore need to apply to pay down their obligations in installments, rather than all at once in a lump sum. Often, getting approval for such requests can be relatively simple, but it's often better to be safe than sorry in this regard.

What can be done?
As such, it is often important for consumers to do all they can to make sure that the tax professional they're working with is knowledgeable and apprised of their specific situations in addition to knowing all the ins and outs of the IRS's rules, the report said. That may help them to make more informed decisions about how best to handle the issues going forward, in a manner that makes sense for both the taxpayer and the government agency at the same time.

Finally, many consumers make the mistake of only working with a tax professional during the annual filing season, which can make things hectic and rushed. Being sure to do so throughout the year, and not just from January to April, can go a long way toward minimizing risk that something will go wrong, because the likelihood that both a taxpayer and professional will have missed something that might have otherwise caused major problems at the last second is extremely low.

For a more in-depth look at Liberty Tax Service, visit the Give Me Liberty! Magazine. Follow Liberty Tax on Facebook and on Twitter or contact Liberty Tax directly at 1-877-at-Liberty.