Personal Tax Preparation

Personal Tax Preparation & Planning

Maybe you don’t own a business, and you just need help with your family or personal tax preparation. We have many clients just like you. You want someone who can stay on top of the increasingly complex tax laws and take advantage of all the credits and deductions that you work hard to deserve.

Your tax needs are as individual as you are, so our approach to your tax planning and return preparation is tailored to your specific needs and goals. Whether you have an immediate financial concern or need long-term solutions, we can apply our solid understanding of the tax code to your specific situation.

Here are many of the common tax issues we routinely handle for our Austin clients.

• Wages (W-2)-  Taxes reported on a W-2 are the most common form of taxes around. If all you have is a W-2 form from your employer, then your taxes can be fairly straightforward and relatively quick to prepare.
• Property Purchases – Are you getting your homestead deduction to save on property taxes. Are you buying a piece of property and want to understand the tax implications?
• Property Sales – Reporting capital gain or losses from the sale of a home. Reporting Gains/losses, deferring gains/losses, [installment sales]
• Rental Income – If you own rental properties, including homes, trailers, apartments or more, we can properly handle the reporting of your income, expenses & deductions so you won’t have to worry.   For more info on what to watch out for if you have Rental Properties, read here:
• Investment Income 
  • Whether you are doing simple stock buys and sells, or investing in more complex investment vehicles that report your activity on a K-1, we can help you understand and guide you on managing your tax liabilities over the coming years.
    • K-1s
    • Dividends
    • Calculating Basis
    • Capital Gains
      • Stock Sales
      • Short Sales
• Life Events (Getting Married)- Filing as a couple vs individual is going to have different tax implications.
• FAFSA- Need help filling out fafsa paperwork and reporting the proper income, student loans and scholarships.
• Other- While the above issues are the most commonly observed forms of tax issues, we have seen hundreds of unique issues that are too obscure to list here.  If you would like to know whether we can address an issue that is not listed here. Please feel free to give us a call, send us an email, or submit a question through our contact page:  Contact Us

Recommended Service: Planning & Bookkeeping

Maintaining well-kept financial records is an invaluable asset during tax planning, but with busy work and personal schedules, this task is easily neglected.  This is why we offer bookkeeping services for our personal clients as well as our business clients. Bookkeeping is not only beneficial for businesses, but extremely helpful for individuals as well. In addition to preparing your tax return, if you are interested in learning how we can help you maintain clean, accurate, and organized records, please look over our Personal Bookkeeping Services.

Marci has been serving the Austin, TX community for over 12 years as a CPA.  One thing she knows for a fact is that well-kept financial records can save you both time and money when it is tax preparation time!

When to use a tax return preparation specialist vs do it yourself?

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