Barbara D. Agerton is a Certified Public Accountant originally from Louisville, Kentucky. She received her BBA in Accounting from the University of Texas at Arlington and her Master of Accountancy from the University of West Florida. As a Federal and State Tax Manager with KPMG Peat Marwick she increased her knowledge of tax law for individuals and small business owners. She opened Tax Time Services in 2006 to assist clients with tax planning and business services. Her team includes Kimberly Agostinocci and Keri Anderson. Kim and Keri have achieved the Enrolled Agent designation, the only licensed tax practitioner who specializes in taxation and just like CPAs and attorneys, have unlimited rights to represent taxpayers before the IRS. Tax Time Services is located at 115 N. Balsam Street, Suite B. You can reach them by phone at 760-371-1828. For useful tax tips go to www.TaxTimeServices.com.
It’s no secret that tax law is more complicated than ever. Sometimes you need to hire a tax professional. Here are a few reasons you might want to call in a professional:
- You’re self-employed or own a business. Taxpayers who work for themselves are eligible for a long list of deductions that do-it-yourselfers might overlook. They’re also subject to more scrutiny from the IRS. A tax professional can identify appropriate tax breaks and help you maintain records that will withstand an IRS challenge.
- You own rental property. The rules governing tax treatment of rental property are complicated. In addition, this is another area that tends to attract IRS attention, particularly if you report rental losses.
- You have a large investment portfolio. The Affordable Care Act imposed a 3.8% surtax on unearned income for single filers with modified adjusted gross income of $200,000 or more, or married joint filers with MAGI of $250,000 or more. An experienc3ed tax professional can help you take advantage of tax breaks that will lower your MAGI and recommend changes that could shield you from the surtax on your return.
The Tax Time Services Team is available all year to assist you with your tax planning needs.