We are committed to thoroughly understanding your tax situation in order to meet your precise financial needs and objectives.
We prepare C corporation, S corporation and LLC/Partnership tax returns. In addition, we advise on entity conversions to 'S' or 'C' corporations.
Accurate income tax preparation and timely income tax filing is essential for any effective and efficient tax plan. Our understanding of "audit-triggers" and the importance of the presentation of tax information allows us to minimize potential audit engagements. We take the time to look for and recommend tax savings opportunities for every client.
We prepare all forms of individual federal and state tax returns. We can prepare returns for all states that have a state income tax. We have extensive knowledge working with most all tax issues including, but not limited to, interest/dividends, small business Schedule C, farming Schedule F, Capital gains and losses Schedule D, rental properties/royalties, and K-1 income/losses Schedule E. We also have experience reporting retirement benefits, ACA (health care) information and installment sales.
Our tax professional assists individuals who are dealing with IRS issues get them resolved quickly and efficiently.
Key advantages of utilizing an experienced, trained, educated tax professional at Master Accounting and Tax Service will provide you with:
At Master Accounting and Tax Service, we are able to look at the whole picture and determine the best alternatives for certain tax positions. We are able to explain all tax positions and provide necessary planning for future tax events.
We do our due diligence to ensure that your tax return is accurately prepared and properly filed. If your tax return is selected for examination, you will have the reassurance that your return was properly prepared and filed.
We have extensive experience working with most all tax issues facing taxpayers today.
We have years of experience in government auditing. We know how to look for "red flags" that may trigger an IRS examination thereby helping our clients avoid costly and aggravating IRS inquiries and examinations.
Our fees are competitive with other tax preparation services. We are significantly less expensive than most CPA firms with fees typically less than the commercial and franchise tax preparation services. We charge by the forms used and offer discounts to new and current clients.
According to the IRS, it takes the average taxpayer around 22 hours to finish a form 1040, 10 hours to complete a form 1040A and 7 hours to complete a form 1040EZ. All of those hours can be saved and used for something more important to you by allowing us to prepare your tax returns.
If you own a business, tax compliance can be time-consuming and overwhelming. Tax laws are constantly changing and it is easy to miss a deduction or a due date. No matter what your business tax needs are, we are prepared to give you answers in an honest, understandable, and straight-forward manner.
We prepare the following types of tax returns for businesses:
We have experience working with all types of businesses including, but not limited to the following: