As Triangle seniors and baby boomers begin looking at their taxes, there’s bound to be lots of questions about IRS tax laws. That’s where the experienced tax people at AABS, Inc. can help any plus 55 with tax questions.
For years, AABS, Inc., has been preparing and helping to file tax documents for Triangle seniors. Our tax preparers are members of the National Association of Enrolled Agents (NAEA) who can represent taxpayers to the IRS, if needed. Our staff keeps up-to-date on all new tax laws and health care reform in order to provide accurate tax preparation services.
Here are three area of focus that many Triangle seniors have questions on:
- Medical, dental, and vision expenditures: These expenses are always at the top of the list. As Baby Boomers need more care as they age, many seniors don’t know how much of these expenses can be tax deductible. Our knowledgeable staff will explain the allowable deductions and assist in the preparation of your tax filings.
- Selling a home: There is much stress when move to a retirement community or relocating near family; and there are tax deductions that may be taken for selling a home. At AABS, we’ll sit down together and go over all the numbers to accurately determine what can be taken for a tax deduction.
- Retirement plan contributions: These plans are quite confusing and many seniors need assistance in determining how much money they can withdraw without penalty and how to file taxes on these withdrawals. The laws change frequently and at AABS, this is one area we are continually assessing to help our local seniors with questions and filings.
Of course, there are many more tax questions that AABS can answer. Other important tax questions and concerns may include investment expenses, charitable contributions, business expenses, and standard deductions for those who don’t itemize their taxes. We can answer all these questions for seniors.
Tax season begins now. Do not wait until the last minute to file. Give us a call to schedule an appointment. AABS is located in Apex and we strive to assist our local seniors with their tax questions and filings.
This is an “information only” post and is not considered to be legal financial advice. It is simply meant to be helpful to all those who read it. It is brought twice a month by the professional team at AABS, INC., located in Apex, NC.
Call us at 919 303-3345 or email us at: firstname.lastname@example.org
Visit our website: www.aabsinc.com
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PO Box 1677
Apex, NC 27502
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