What is Tax Filing?
Tax filing refers to the process of submitting a tax return to the government, typically the Internal Revenue Service (IRS) in the United States. This involves reporting an individual’s or business’s income, expenses, and other relevant financial information to determine their tax liability.
Tax filing is a mandatory requirement for individuals and businesses that earn income, and it is typically done on an annual basis. Proper tax filing ensures that you are compliant with tax laws and helps you avoid potential penalties.
Importance of Tax Filing
Tax filing is crucial because it allows individuals and businesses to report their income and pay their fair share of taxes. This process helps fund essential public goods and services, such as infrastructure, education, and healthcare.
Additionally, tax filing ensures compliance with tax laws and regulations, which helps prevent tax evasion and other forms of noncompliance. By filing taxes, individuals and businesses can also take advantage of various tax credits and deductions, which can significantly reduce their tax liability. Proper tax filing can lead to a tax refund, providing a financial boost when you need it most.
Tax Filing Options
IRS Free File Program
The IRS Free File Program is a public-private partnership between the IRS and many tax preparation and filing software industry companies. This program offers free online tax preparation and filing for eligible taxpayers, making it an excellent option for those looking to file their taxes online without incurring additional costs. The program provides two main ways for taxpayers to prepare and file their federal income tax returns for free: guided tax software and fillable forms.
Guided tax software is available for individuals with an Adjusted Gross Income (AGI) of $73,000 or less, offering a user-friendly interface that walks you through the tax filing process step-by-step. For those with higher incomes or more complex tax situations, fillable forms are available, allowing you to input your information directly into the IRS system. The IRS Free File Program is a convenient and secure way to ensure your taxes are filed accurately and on time, helping you maximize your refund and comply with federal tax laws.
Tax Return Preparation Akron
Income Tax Return Preparation Service in Akron, Ohio, for $130, we complete all types of Taxes.
1040 Returns
Small Business Returns
Personal Income Taxes
Whether you are preparing your individual personal Federal income tax returns or if you are a Small Business, completing the tax Returns yourself can be a serious burden and put you at risk for missed deductions and tax credits. Therefore, we offer income tax preparation offer Services in Akron, OH at a reasonable cost. We can complete your personal Federal individual tax services (the 1040s), corporate tax returns (1120s), partnership Returns (1065s), and LLC income Preparation.
Our team includes experienced tax professionals with credentials recognized by the IRS, dedicated to helping you lower your tax bill and maximize your legal deductions. Using popular tax software can’t match the benefits of having a qualified expert complete your return. Tax laws change frequently, and working with a professional ensures you get the most from your federal tax refund while minimizing what you owe.
What Do You Get with Our Services?
- An experienced professional to file your Returns
- Review of previous Returns
- Electronic Filing (E-file) of your Returns
- Free State and City returns completed (w/Federal Returns)
- Recommendations on how to reduce your Taxes
- Performance Guarantee
We can help you develop a tax filing strategy for your retirement income and help minimize your liability. Put your mind at ease when it comes to your tax return preparation and trust the experts at Akron Income Tax Co. Of course, our experienced accountants can provide you with the timely service you are looking for. In fact, we are the trusted choice of individuals and businesses throughout the Greater Akron, OH, area. We will be happy to put our income Preparation expertise to work for you to File your Taxes!
We Make It Easy
In order to make the preparation process as simple and pain-free as possible. We offer our clients the choice of dropping their Taxes off or making an appointment with one of our experienced preparers. While it may be more convenient to drop off your documents, we encourage those with rental properties or businesses to make an appointment. This allows us to complete Returns in the most efficient and timely manner possible. We also request that you fill out a business or rental worksheet before your appointment.
Pricing
Unlike the big box retail offices that charge you an arm and a leg for Income tax return preparation. At Akron Income Tax Co., our pricing structure is based on your Returns. Short forms, long forms, married filing jointly, and married filing separately are fixed at price. Our Basic fee is $130. Call us for a quick quote!
Returns that have stock, investment income, sales, rentals, and/or business returns pay a little extra based on the number of activities and the time involved in completing your returns. We are more than willing to quote you a fee over the phone for your preparation. Or when you drop off your documents or come for your appointment.
Maximum Legal Tax Refund
Whether it’s personal preparation or business preparation, our top priority is to maximize your refund in December. The second priority is to ensure that your return adheres to all legal requirements and doesn’t get you audited. We have all heard the TV and radio ads — claiming that you can pay just 10% or less no matter what your income. Well, that doesn’t happen without being ultra-aggressive and having to fight with the IRS about every deduction that is over the “reasonable” threshold.
For eligible taxpayers, we strive to maximize their tax refund by utilizing all available deductions and credits within the legal boundaries to ensure they receive their max refund. Guaranteed accuracy guarantees all. Part of this service includes reviewing past tax returns and double-checking your eligibility requirements for all tax credits and deductions you are entitled.
If you are looking for cheap tax service Preparation in the Akron, OH, area that allows you to pay the lowest legal amount, we are your firm. If you are looking to beat the system and fudge your Returns — we’re not for you. We know, you know, and THEY know when you file your taxes if you are trying to bend the rules.
Dealing With The IRS
When it comes to the IRS, we believe that knowledge of the current laws provides the best opportunity for us to maximize your refund. We continually educate ourselves in the area of law and strategy. Furthermore, we also keep up with the IRS operating manuals, flagging systems, as well as other audit selection processes. We do this to reduce your risk and exposure to time-consuming audits while ensuring you get all the deductions for which you are eligible. If you own money, we can set up payment plans with the IRS for you.
Our Preparer Guarantee
Accuracy
Even though we double-check every return and request that you do the same, there are times when errors occur. However, if we make an error, we will correct our error and reimburse you for any penalties and interest charges, including state penalties, that you incur. As a result, you will be responsible for any additional taxes. Also, we don’t use any free tax preparation software while dealing with tax services.
Assistance
Therefore, we are available all year round to answer any questions you may have. So, we will review any of your Returns at no cost.
Tax Audit
Should your Federal return be audited, we will help you Prepare for the audit. If you request that we represent you, we will gladly do so for an additional charge.
Why Choose Us?
There are many reasons to choose our income tax preparation services. Our service fees for filing your federal tax return are reasonable. Most approved applicants get a refund of $500. We have a team of tax pros who are highly knowledgeable and experienced in preparing federal tax returns.
We offer a wide range of services that can meet the needs of both individuals and businesses. Also we also offer a 100% satisfaction guarantee on all of our services. Also, we don’t use any tax software and ensure that your business income and online tax preparation, including federal tax filing software, are done smoothly by a professional tax preparer.
Additionally, taxpayers with an adjusted gross income (AGI) of $73,000 or less qualify for a free federal tax return. Our tax preparation experts will help you avoid any surprises with your taxes. To learn more about the Volunteer Income Tax Assistance (VITA) program and Tax Counseling for Older Adults (TCE), including who can qualify, visit the IRS website or look for VITA and TCE assistance locations near you.
Some of the specific services that we offer include:
- Tax return preparation for individuals, small business tax filing, corporations and trusts
- Tax planning and advice
- Audit support
- Review of previous tax years’ refund amount
- Preparation of amended tax returns
- Self-employment income taxes
- And more!
We stand out among the rest due to:
1. Experienced Tax Professionals:
We have a premier team of tax professionals who are highly experienced and knowledgeable in preparing income tax returns. They are up-to-date on the latest tax laws and can provide you with the best advice possible.
2. Wide Range of Services
We offer a wide range of services that can meet the needs of both individuals and businesses. Whether you need help with your personal or real estate taxes or business taxes, we can assist you. Our firm completes taxes for all states, Ohio, California, Texas any state!
3. Affordable Rates
We charge very competitive rates for our services. We also offer a $20 referral gift for clients who refer new clients to us. Also, we offer flexible appointment times to accommodate your busy schedule.
If you are looking for income tax return preparation services or tax advice, we encourage you to contact a tax professional today. We would be happy to answer any questions that you may have and provide you with a free consultation.
FAQs about Income Tax Return Preparation Services
1. How Much Does It Cost For Tax Return Preparation?
The tax preparation fees can vary depending on the complexity of your taxes and the type of service you require. Simple tax returns may cost as little as $130, while more complex returns could cost upwards of $400. So, the tax prep fees depend on the requirements.
2. Do I Need To Itemize My Deductions?
No, you do not need to itemize your deductions in order to prepare your taxes. However, if you do have certain deductions that you would like to claim on individual returns, itemizing them can help to maximize your tax refund.
3. What Documents Do I Need In Order To Prepare My Taxes?
In order to prepare your taxes, you will need to gather various documents, including your W-2 forms, 1099 forms (if applicable), and any other documentation pertaining to income and deductions. Most of these forms come in January.
4. How Long Does It Take To Prepare My Taxes?
The amount of time it takes to prepare your taxes online will vary depending on the complexity of your return. Simple tax returns can often be prepared in an hour or less, while more complex returns, like Schedule C forms or capital gains, may take several hours to complete.
5. When Is The Deadline For Tax Filing My Tax Return?
The deadline for filing your tax return is April 15th. However, if you cannot make tax time to meet this deadline, you can file for an extension, giving you an additional six months to file your return.
6. Do I Need To File A Tax Return If I Didn’t Earn Much Money?
You might not need to file a tax return if you didn’t earn much money last year. However, it’s a good idea to consult a tax professional to be sure. Sometimes, filing can lead to a refund, even if your income is low.
A tax expert can help you maximize deductions and ensure you include important documents, like any dividends reported on Form 1099-DIV when filing your return.
Be sure to collect all necessary forms and receipts, including those for charitable donations, mortgage interest, state and local taxes, medical expenses, and business expenses. This will help you file accurately and check if you qualify for tax credits like the Child Tax Credit (CTC), Earned Income Tax Credit (EITC), and Child and Dependent Care Credit.
7. Can I Get a Refund If I Paid Too Much in Taxes?
If you paid too much in your own taxes, you may be eligible for a federal refund. To claim a refund, you will need to file a return and indicate that you are owed a refund. The IRS taxing authority will then refund you, minus any applicable fees.
Contact a tax professional to guarantee your maximum refund. Most free tax help and software can accurately complete your federal return based on your situation and help you use available tax filing options. This way, you can file with H&R Block and get your maximum refund. Guaranteed.
8. What are the best numbers to contact the IRS?
Visit our IRS Phone numbers page to see a complete contact list.
Get Started with Akron Income Tax Co.
Akron Income Tax Co. can help you with your income tax return preparation. We have a team of experts who are ready to assist you with your taxes. From simple returns to rental income, or even if you have a small business, our tax expert can help you. We offer various services and aim to provide quality service and assistance so that you can get the most out of your tax return. Contact us today to get started.
Contact us today, and see for yourself why we are the trusted choice to File your Taxes! We look forward to assisting you!
