Many people assume tax planning is the same as tax preparation, but the two are quite different. Let’s take a closer look:
Tax Planning vs. Tax Preparation: What is the Difference?
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Archived Posts: Tax preparation
Getting Ready for the 2022 Tax Filing Season
Filing your tax return promises to be just as complicated as always – especially if you received stimulus payments or advance child tax credit payments.
Tax Preparation vs. Tax Planning
Many people assume tax planning is the same as tax preparation, but the two are quite different. Let's take a closer look: What is Tax Preparation? Tax preparation is the process of preparing and filing a tax return. Generally, it is a one-time event that culminates in signing your return and finding out whether you owe the IRS money or will be receiving a refund. For most people, tax preparation involves one or two trips to your accountant (CPA), generally around tax time (i.e., between...
