Tax Preparation & Filing
Tax Preparation & Filing
What Is Tax Preparation?
What Is Tax Preparation?
Tax preparation is the process of preparing tax returns. These tax returns are normally income tax returns for a business's or individual.
Anyone can do their own tax return, however; due to the US income tax laws changing annually, it's best practice to let a licensed professional handle your income tax return needs.
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Why Is Filing Tax Returns Important
Why Is Filing Tax Returns Important
Filing your return is important because there are two things that you want to avoid: getting penalized by the Government for filing late, and/or penalty for paying late. Oh yes!! The government wants their money when you owe, and they want it on time!
If you are working and receive a W-2 or 1099 form, that employer reports that they paid you. The IRS WILL come looking for you and audit you because you have not filed.
Another reason that filing is important is because you may have money owed to you by the government and you will lose out on that refund if you do not claim it in time.
Additional Reasons:
Lenders need to see that you actually have income to pay the loan back.
Shows responsibility on your part
How We Can Help You
How We Can Help You
At Spain's BookKeeping & Tax Prep Services Plus, we are available to handle all of your tax needs 365 days per year.
We file Individual Returns:
1040 ( W-2's )
1041 ( Estates and Trusts )
We file Business Returns:
1099 ( Independent contractor such as Uber and Lyft)
1040 (Sole Proprietor, LLC)
1040 ( Rental Property )
990 (Non-profit organization)
1120 (Corporation)
1120S (S Corporation)
***Tax forensics available - dissecting the problems***
Prices:
Individual returns - starting at $125 ( age 70 + starting at $70 )
Business returns - starting at $270 ( 1120S and 1120 starting at $440 )
Amended returns - starting at $250 ( it's best practice to file your return after you have ALL of the documents you need. )
*** Prices for tax returns may vary depending on the complexity of the return.***
*** Virtual Return Available ***
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