Income Tax Preparers Near Me

Income Tax Preparers Near Me in Akron Ohio

It’s time to file your taxes in the United States, and you’re dreading it. You’ve seen the commercials on TV with people smiling after they’ve filed their taxes, but that’s not how you feel. How to find the best income tax preparers near me is easy, we are it. Most tax forms are filed for $130. Even though we are in Akron, Ohio, we have clients in other states who file online with us. You don’t know where to start or what forms to fill out. The deadline to file your 2023 tax return is April 15, 2024.

If you are looking for a professional, experienced income tax preparer near me, look no further than Akron Income Tax Co. We have been helping people with their income taxes for years and can help you file your tax return, too.

We offer 1040 tax preparation services, including individual and business tax return preparation, tax planning, and IRS representation. Also also offer e-filing for both federal and state returns. Whether you need help with your taxes or your business taxes, we can assist you as eligible taxpayers.

If you are looking for income tax preparers near me, contact Akron Income Tax Co. today. We will be happy to answer any questions you have about our services or schedule a free consultation.

What Do We Offer?

At Akron Income Tax Co, we offer various services to help you with your taxes. We are the best income tax and tax return preparers near me you can find. Akron Income Tax Co can prepare your taxes for you, help you file your taxes, and even help you get a refund if you are owed one. We have a team of experienced tax preparers with professional credentials who are knowledgeable in various tax laws and can help you get the most out of your tax return.

Tax Planning and Preparation

We can help you with your tax planning and preparation needs. We will work with you to find the best way to file your taxes, help you maximize your deductions, and make sure that you get the most out of your tax return.

Tax Filing

We can help you file your taxes electronically or by paper. And can also help you file for an extension if you need more time to file your taxes. We also have online tax preparers ready to assist you with tax documents. Whether it’s self-employment income or a corrected or amended return, we can help.

Tax Refunds

If you are owed a tax refund, we can help you get it. We will work with the IRS to ensure that you get the money you are owed as quickly as possible, directly deposited into your bank account if you choose.

Robinhood and Crypto

Tax filing for Robinhood Crypto needs special attention. We work with a lot of clients who have crypto.

Other Services

We also offer other services, such as bookkeeping and small business consulting. We can help you with your business needs to focus on running your business.

Benefits of Choosing a Local Tax Preparer

Choosing a local tax preparer can offer numerous advantages for both individuals and businesses. One of the primary benefits is the personalized service you receive. Local tax preparers take the time to understand your unique financial situation and goals, providing tailored advice and guidance throughout the tax preparation process. This personalized approach ensures that your specific needs are met and you receive the best possible outcome.

Additionally, local tax preparers are more accessible and responsive to their clients’ needs. They often offer flexible scheduling and prompt communication, making it easier to get the help you need when you need it. This level of accessibility can be particularly beneficial during the busy tax season when timely assistance is crucial.

Another significant advantage of choosing a local tax preparer is their in-depth knowledge of local tax laws and regulations. Local tax preparers are familiar with the specific tax requirements and nuances of their area, ensuring that your tax preparation services are accurate and compliant. Furthermore, they often have established relationships with local financial institutions and government agencies, which can help resolve any issues that may arise during the tax preparation process.

What Tax Forms Can We Help With?

At Akron Income Tax Co, we can help you with your income tax needs. We prepare individual, business, and nonprofit tax returns and offer other financial services.

We know that taxes can be confusing and overwhelming. That’s why our tax pro can make it easy. We’ll ensure you get the maximum refund possible and help you navigate the often-complex tax laws.

Here are some of the forms we can help you with:

Form 1040 Individual Tax Return

U.S. taxpayers use the official IRS 1040 form to file their annual income tax returns. This document is divided into sections where you will report your income and deductions.

By doing so, you will be able to determine the amount of tax you owe or the refund you can expect to receive. It is the most common tax return by individuals. It can report income, expenses, and deductions.

Business Tax Returns (Forms 1120 and 1120S)

We understand that, as a business owner, your time is valuable. You shouldn’t have to spend hours upon hours preparing your taxes each tax season. That’s where we come in. Our team of best tax preparers can help you with all of your business tax needs, from small businesses to large corporations. We’ll make sure that your taxes are done right and that you get the maximum refund possible.

Partnership Tax Returns (Form 1065)

Form 1065 is the tax return form for partnerships. This includes LLCs, LLPs, and other business entities with more than one owner. The form reports the income, deductions, gains, losses, and additional information from the partnership’s operations.

We can help you prepare your Form 1065 if you’re a partnership, the return used for partnerships. We’ll make sure to file taxes on time so that you can focus on running your business.

Nonprofit Tax Returns (Form 990)

Form 990 is the tax return form that all organizations must file. This form provides the IRS with complete information about the organization’s finances and activities.

Organizations that file a Form 990 must disclose their mission, programs, and finances to the public. This information is available on the IRS website. It also reports any changes in the organization’s status, such as changing address or contact information.

We are a full-service tax preparation company that can help you with your tax needs, including filing your Form 990. We have years of experience and knowledge to ensure that your return is filed correctly and on time.

Gift Tax Returns (Form 709)

Form 709 is a tax return when an individual gifts to another person. The form for reporting the value of the gift and any taxes that are owed on it.

When filing a gift tax return, it is essential to report the value of the gift accurately. The value of the gift will determine the amount of taxes that are owed. It is also important to file the return promptly. If you do not file federal tax returns promptly, you may get penalties and interest.

If you are thinking about giving a gift to someone, it is essential to consult with a tax professional beforehand. They can help you determine the best way to structure the gift and help you with the paperwork process.

Property Tax Returns IRS Form Schedule E

Schedule E is used to report income from the rental of property. This includes real estate, apartments and houses, and personal property, such as cars and boats. The form must be filed with the IRS if the gross rental income is more than $400 per year.

If you own rental property, you must report the income on Schedule E. This includes real estate, such as rental property income as apartments and houses, and personal property, such as cars and boats. The form must be filed with the IRS if the gross rental income is high.

If you need help with any of these forms or have any other tax-related questions, Akron Income Tax Co is here for you. We offer an appointment for a free consultation so that we can learn about your unique situation and see how we can help.

Income Tax Credit and Refund Options

Income tax credits and refunds can provide substantial financial relief for individuals and families. One of the most valuable credits available is the Earned Income Tax Credit (EITC), a federal income tax credit designed to support low-to-moderate-income working individuals and families. The EITC is a refundable tax credit, meaning that even if the credit exceeds the amount of taxes owed, you may still receive a refund.

In addition to the EITC, there are other income tax credits and refund options available. For instance, the Child Tax Credit offers a tax credit of up to $2,000 per child, providing significant support for families. Education Credits, such as the American Opportunity Credit and the Lifetime Learning Credit, offer tax credits for education expenses, helping to offset the cost of higher education.

Taxpayers may also be eligible for state and local tax credits. For example, the Ohio Earned Income Tax Credit provides additional financial relief for eligible taxpayers in Ohio. By taking advantage of these credits, you can reduce your tax liability and potentially increase your refund, providing much-needed financial support.

Tax Preparation Process

The tax preparation process typically begins with gathering and organizing your tax documents. This includes W-2 forms, 1099 forms, and receipts for deductions and credits. It’s essential to have all your income, expenses, and dependent information ready to ensure a smooth and efficient process.

Next, you’ll meet with a tax preparer to review your tax documents and discuss your tax situation. During this meeting, the tax preparer will ask questions to gain a complete understanding of your financial situation and goals. This thorough review helps ensure that all relevant information is considered and you receive the maximum benefit from your tax return.

Once the tax preparer has gathered all the necessary information, they will prepare your tax return. This involves accurately completing all required forms and schedules and ensuring that you take advantage of all eligible deductions and credits. The goal is to minimize your tax liability and maximize your refund, providing you with the best possible outcome.

Tax Filing Options and Deadlines

When it comes to filing your tax returns, you have several options, including e-filing and paper filing. E-filing is a convenient and efficient way to submit your tax returns electronically. It allows for faster processing and quicker refunds, often through direct deposit into your bank account. This method is highly recommended for its speed and convenience.

The deadline for filing tax returns is typically April 15th. However, this deadline may be extended in certain circumstances, such as for taxpayers serving in the military or living abroad. If you need more time to file your returns, you can request an automatic six-month extension by filing Form 4868. This extension gives you until October 15th to file your tax return, providing additional time to ensure accuracy and completeness.

Amended Tax Returns and Refund Issues

If you discover an error or omission on your original tax return, you may need to file an amended return. An amended return is used to correct mistakes or report changes to income, deductions, or credits. It’s essential to address these issues promptly to avoid potential penalties and interest.

Taxpayers experiencing issues with their tax refunds, such as delays or incorrect amounts, should contact the IRS or their state tax authority for assistance. These agencies can provide information on the status of your refund and help resolve any issues. Additionally, consulting with a tax professional can be beneficial in navigating and resolving refund-related problems. They can offer expert advice and support, ensuring that you receive the correct refund amount as quickly as possible.

By understanding the tax preparation process, filing options, and how to address issues with amended returns and refunds, you can navigate tax season with confidence and ease.

Why Choose Us? Maximin Refund and Proper Credentials

When preparing your taxes, you want to make sure you’re working with a team of qualified and experienced tax professionals who can help you get the most out of your return. At Akron Income Tax Co, we pride ourselves on being one of the best income tax pros in the area. We have a team of certified public accountants (CPAs) and enrolled agents (EAs) on staff ready for tax help, no matter how complex they may be.

In addition to our experience and qualifications, there are several other reasons why you should choose us as your income tax preparer:

List of benefits

1. Free Consultation: We offer a free consultation so that you can come in and meet with us to discuss your income tax credit situation and see how we can help. This is a no-pressure meeting, and you’re under no obligation to use our services after the consultation.

2. Affordable Rates: We believe that everyone should have access to quality tax preparation services, so we offer some of the most competitive rates in the area.

3. Fast and Efficient Service: We know that you’re busy and don’t have time to waste, so we offer fast and efficient service. We’ll work quickly and efficiently to file your taxes so you can get on with your life.

4. Accuracy Guaranteed: We’re so confident in our ability to prepare your own taxes correctly that we offer an accuracy guarantee. If we make a mistake on your return, we’ll fix it for free.

5. Satisfaction Guaranteed: We’re not happy unless you’re happy. We offer a satisfaction guarantee to be confident that you’re getting the best possible service

FAQs

What are the Tax Prep Fees?

The tax preparation fees vary depending on the complexity of your tax situation. However, we do offer a free initial consultation to assess your needs and give you an estimate of our fees. Our Basic fee is just $130. See our fee schedule.

What’s The Best Way to Get in Touch with You?

The best way to get in touch with us is by phone. You can also reach us by email or through our website contact form. We’ll need your details, like the preparer’s tax identification number and income information.

Is It Worth Paying a Tax Preparer?

Many people choose to pay tax professionals because they feel it is worth the cost to have someone else handle their taxes. While you can certainly prepare your taxes, it can be helpful to have someone with experience and knowledge on your side. A tax preparer with the right professional credentials can also help you take advantage of deductions and credits that you may not know, particularly if you bought or sold a home within the most recent tax year.

If you’re looking to save money and get the most out of your tax return, please reach out to us at Akron Income Tax Co. We’re here to help!