Tax Tips to Prepare for the 2018 with The Law Offices of Nick Nemeth
  • January 15, 2018
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Although the start of the tax season is here you still have time to make the tax-filing easier and cheaper on your wallet. It goes without saying that your end-of-year tax bill is never cast in stone and now is the time to make sure that you have crossed all your t’s and dotted all your i’s. Here are some pro tips to help you take advantage of all the tax benefits open to you throughout the year and save time when filing your taxes with Uncle Sam.

Make Retirement Plan Contributions

Make sure to fund your retirement account by the 17th of April 2018 as that is when you have to make payment towards all traditional IRA and Roth IRA (except Keogh or SEP). Such deductible contributions help reduce your tax bill and allows your contributions to compound tax-deferred. To be eligible for full 2017 annual IRA, you need to be either:

  • Ineligible for a company retirement plan, or
  • Have a maximum $62,000 in Adjusted Gross Income if you are single or $99,000 if you are filing jointly as a couple

If only one partner qualifies for a company retirement plan, your contribution with qualifies to be fully deductible in the joint filing as long as both incomes do not exceed $186,000. Talk to a tax attorney or CPA today for more information and advice on how you can lower your tax liability for 2017 and save time when filing.

Other Tips

  • Make sure that your tax records are organized, such as receipts for 2017, 2016’s tax return, and Current W-2’s and 1099’s.
  • Itemize your tax deductions if you stay in a high tax area, are self-employed, or own a home, and your qualified deductions exceed $6,350 or $12,700 for singles and couples filing jointly, respectively.
  • Make an estimated tax payment to escape an unexpected tax bill, interest, and penalties.
  • Get back taxes help from a reputable tax law firm, if you have any, and file and pay on time

Need Expert Help?

Getting expert help from a tax attorney goes a long way to helping you save time on filing and reduce your tax liability. Nick Nemeth is a seasoned tax attorney specializing in IRS tax  debt issues. Whether you need help to file back taxes or your current dues, you are in the right place. Call us now to learn more about how our tax law firm can help you sail through the tax filing season and save big. You can reach us at (972) 426-2553 .

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What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
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