Tax advisors, or “tax consultants,” offer various tax consulting services to both individuals and businesses. From preparing tax returns to estimating past due tax payments and representing clients during audits, professional tax advisors help others successfully maneuver the tax laws and regulations that impact their finances.
What Does a Tax Advisor Do?
A tax advisor can work either for an agency or can be self-employed. In both ways of employment, they are given the task to find out effective ways of legally bringing down the tax liabilities for clients, estimating taxes on different investment portfolios, determining the right relevant deductions and credits, etc. They can also write tax returns for their customers and file them. A taxpayer who has faced a major life event—such as the death of a spouse, marriage, divorce, child birth or adoption, the purchase of a new home, job loss, inheritance, and more—would be prudent in seeking a tax advisor’s services.
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