taxprep@taxmedics.net
509-543-7600
Subscribe

Tax Preparation Services

TaxMedics takes the pain out of preparing your taxes.
We prepare filling for individuals, families and businesses.

Get Started

About our Tax Preparation Services

Everyone is responsible for filing their taxes on time each year. While it’s not everyone’s favorite thing to do, your taxes have to be handled properly so that you don’t make an error or get the IRS’ attention for the wrong reasons. Tax prep gets even more complicated when you have to file taxes for your business. Don’t go it alone at tax season!

Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General Accounting Office last year, most taxpayers (77 % of 71 million taxpayers) believe they benefited from using a professional tax preparer.

Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced and an Annual Filing Season Program tax professional.  (It’s best to choose the Brain over the Box!)

We are different!  As an Annual Filing Season Program Team, all of our Tax Preparers have a required amount of IRS Approved tax and ethics training every year.  And then are people are required to pass the annual tax competency exam issued by the IRS and be listed on the IRS website!  We are tax experts (with over 35 years of combined tax preparation experience) and we are open all year long!  We are here when you need us!  We answer your phone calls and emails!  We welcome your questions…..and we will provide you with answers and strategies to improve YOUR tax situation!

Here’s what you get…

  • Your tax return will be checked and rechecked by our IRS tested professionals as well as our computer software, identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
  • Your tax return can be filed electronically so you will get a refund back quicker and to eliminate input errors by IRS employees.
  • Our staff will explain to you, how to adjust your payroll withholding, to get more money back each week. Why give the IRS an interest free loan for up to 16 months?
  • We will show you potential deductions to help you limit your tax liability for next year. In addition, we will provide you with information on commonly overlooked deductions so you can plan to reduce the following year’s tax liability.

TaxMedic’s tax advisors can ensure that you are making the right taxation decisions for you, your family, and your business. Our expertise covers, but is not limited to, the following areas:

BUSINESS TAXES

  • Form 1065, U.S. Return of Partnership Income and all related forms
  • Form 1120, U.S. Corporation Tax Return and all related forms
  • Form 1120-S, U.S. Income Tax Return for an S-Corporation and all related forms
  • Extension form
  • Estimated tax calculations
  • Year-end tax planning to reduce taxes

INDIVIDUAL TAXES

  • Form 1040, U.S. Individual Tax Return and all related forms
  • Form 1040-ES, Estimated Tax
  • Form 4868, Application for Automatic Extension of Time to File U.S. Individual Tax Return
  • Estimated tax calculations
  • Year-end tax planning to reduce taxes

ESTATE, GIFT, & TRUST TAXES

  • Form 1041, U.S. Income Tax Return for Estates and Trusts
  • Form 706, United States Estate (& Generation-Skipping Transfer) Tax Return
  • Form 709, United States Gift (& Generation-Skipping Transfer) Tax Return
  • Form 5227, Split-Interest Information Return
  • Extension form
  • Estimated tax form
  • Estimated tax calculations
  • Year-end tax planning to reduce taxes

NONPROFIT ORGANIZATIONS

  • Form 990, Return of Organization Exempt From Income Tax
  • Form 990-EZ, Short Form Return of Organization Exempt From Income Tax
  • Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation
  • Form 990-T, Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e)
  • Form 4720, Return of Certain Excise Taxes Under Chapters 41and 42 of the Internal Revenue Code
  • Extension form

FEDERAL & STATE AUDIT REPRESENTATION

  • Form 2848, Power of Attorney and Declaration of Representation
  • Professional representation for an Audit
  • Clarify and respond to a Notice or Letter received from federal and state agencies

STATE AND LOCAL TAXES

  • Income tax returns for all states
  • City income tax returns
  • Local income tax returns
  • Business Property Tax
  • Sales & use tax
  • Extension forms
  • Estimated tax forms
  • Estimated tax calculations
  • Year-end tax planning to reduce taxes

FOREIGN TAXES OR CREDITS

  • Form 1116, Foreign Tax Credit
  • Form 114 (formerly filed under Form TD F 90-22.1), Report of Foreign Bank and Financial Account.
  • Form 8938, Statement of Specified Foreign Financial Assets

ADDITIONAL TAX SERVICES

  • Tax and estate planning
  • Research and development tax credit
  • Tax controversy and dispute resolution
  • Family and wealth planning

 

Books a Mess? No Problem!
If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you. We’ll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we’ll help you set up an easy system that allows you to keep your books in tip-top shape next year.