Income Tax Preparation in Arlington, Seagoville, Fort Worth, Dallas TX
Throughout each year, our CPAs work with individual clients to help them minimize their tax liabilities. We are available year round to provide creative tax solutions. Our tax planning services in Fort Worth, Arlington, Dallas and Seagoville area enable our clients to rest assured that they are accomplishing their financial goals while saving tax dollars in the process.
The team of experienced professionals here at Smith & Smith CPA have perfected the art of keeping updated on all tax laws and can deliver you a comprehensive analysis on the subtle changes made by the IRS each year that can be useful in claiming deductions and returns on your taxes.
The most important step in claiming deductions and relief on your taxes is to have a comprehensive knowledge of how the system works. While overtly complicated, it is a relatively simple matter for our teams of resourceful specialists and they can assess your income tax preparation for the best possible course of action.
At Smith & Smith CPA, we will prepare for you tax solutions and tailor them to suit your needs. It is not the same for everyone, which is why we have our professionals who use their experience to fine tune your income tax preparations to your specifications.
A client received a letter from the IRS regarding his prior year tax return. Unfortunately, he was being audited. The IRS believed that expenses for his LLC were overstated and disallowed certain deductions. In addition, the IRS stated that the client owed thousands of dollars in penalties alone. We met with this client and went over all of the relevant documents. We were able to guide him through the process and provide him peace of mind. Upon review of transcripts and various documents, we met with an IRS agent on behalf of our client. This ...
An owner of an auto shop came to Smith & Smith CPAs, LLC with a letter from the IRS.
This letter stated that an audit would be taking place. Having never been through an IRS audit, the owner needed help to prepare. We advised him on the process and shared our past experiences. When the audit came, we were there with him every step of the way.
An Oil & Gas company needed guidance on how to handle their growth.
They started as a sole proprietorship and were in search of a CPA firm that could advise them on how to handle the growth of their company. After searching for a firm, they decided to meet with Smith & Smith CPAs, LLC. In our initial meeting, we learned of their business and inquired about their goals. We decided that it was best for them to incorporate.
A group of doctors were looking for a CPA firm to help them form their new practice.
A group of doctors had been working for various practices and decided to form their own medical entity. They were sure that they could succeed given their experience and knowledge in their field of medicine. Needing a CPA firm to advise them on various tax decisions, they decided to seek the services of Smith & Smith CPAs, LLC.
A cardiologist received a letter from the IRS for delinquent payroll taxes that had already been paid.
The cardiologist was sure that the payroll taxes had been paid however, he needed help to prove this was the case. Our CPAs reviewed the tax payments and reconciled them to the various tax liabilities. Upon completion, it was determined that the aforementioned taxes were indeed paid. The issue was that they were applied incorrectly.
Tax preparation is always a dread for most individuals. This is mainly because it demands the tax payer’s attention in all financial transactions that have been conducted in the last financial year. It also requires efficient planning as there are certain regulations that need to be followed and in some cases, you need to be aware of the little changes they make to the tax laws each year. Debunking the myths of online tax preparation Online tax preparation has become widely popular. There are websites that are linked to software that will facilitate your tax preparation for you. They do…
Imagine finding out that your money is somewhere out there, waiting for you to claim it. What would you do? Search for a fast way to get it back of course! The list below will give you a few ideas on how you can locate your long-lost money. The Federal Government and Its Savings Bond Database More than $17 billion worth of Series E Savings Bonds have never been collected as reported by the U.S Treasury. These bonds were used to encourage people to invest in their country, and were sold between 1941 and 1980. Some of these bonds were…