There is no greater stressful time in the United States than the period beginning January 1 through April 15. TAX TIME!!!. Every citizen, and non-citizen, of the United States who worked for a company, an individual, or for themselves are required to file a tax return. For the 2022 tax year, the Internal Revenue Services (IRS) received in excess of 262,829,039 tax returns. Of this number, 213,400,000 were filed electronically. The average dollar amount of refunds issued was $ $3,039.00.
An individual can prepare and file his/her own tax return or seek the assistance of paid or non-paid tax preparers. In fact, the IRS provides free tax preparation services through IRS sponsored programs such as VITA(Volunteer Income Tax Assistance) and TCE (Tax Counseling for the Elderly). Paid tax preparers filed over 85 million tax returns. There is no requirement to use a paid tax preparer.
Herron & Associates Tax Services, LLC is one of Memphis’ only veteran owned full-service tax advisory and limited accounting firms. We assist with both Federal and State audits, limited accounting services, and a broad range of tax services to a broad range of clients across many industries. We work with businesses of all sizes as well as individuals and families. As companies and families grow, we help them reach their goals every step of the way!