Question 1

How much does tax preparation cost in Waymart?

Accepted Answer

Tax preparation fees depend on the complexity of your return and your specific situation. Simple personal returns start at one price point, while business returns or situations involving multiple income sources, rental properties, or self-employment income require more work and cost more accordingly.

We always provide upfront pricing before starting any work. During your free consultation, we'll review your tax situation and give you a clear quote with no hidden fees or surprises. Most clients find our fees reasonable compared to the value of having their taxes done correctly and the peace of mind that comes with professional preparation.

For tax resolution services, we offer payment plans because we understand that people with tax problems often have cash flow challenges. The important thing is getting your situation resolved before penalties and interest make things worse.

Question 2

What should I bring to my tax preparation appointment?

Accepted Answer

Bring all tax-related documents you received during the year - W-2s, 1099s, interest statements, dividend statements, and any other income documentation. If you're self-employed or own a business, bring profit and loss statements, expense receipts, and business-related documentation.

Also bring information about any major changes from last year - marriage, divorce, new dependents, home purchases, major medical expenses, or charitable contributions. If you moved, bring documentation of moving expenses and address changes.

Don't worry if you think you're missing something. We'll review what you have and let you know if we need additional documentation. It's better to come in with what you have than to delay getting started because you're not sure you have everything.

Question 3

Can you help if I haven't filed taxes in several years?

Accepted Answer

Yes, unfiled tax returns are one of the most common problems we handle. The IRS considers failing to file a serious issue that can become a criminal matter, but there are ways to resolve this situation and get back in compliance.

We start by determining which years you need to file and gathering the necessary documentation. Sometimes we can obtain wage and income information directly from the IRS if you don't have your records. We then prepare all the missing returns and file them properly.

The key is addressing this quickly. Every month you wait, potential penalties and interest continue to grow. We can also work on penalty abatement requests and payment plans if you owe money, but the first step is always getting those returns filed and stopping the clock on additional penalties.

Question 4

Do you provide tax services for small businesses in Waymart?

Accepted Answer

Absolutely. We work with sole proprietors, partnerships, LLCs, and corporations throughout Waymart and Wayne County. Pennsylvania has specific business tax requirements that many business owners find confusing, and we help ensure you stay compliant while minimizing your tax burden.

This includes quarterly estimated tax payments, annual business returns, sales tax registration and filing if needed, and ongoing tax planning to help you make smart financial decisions throughout the year. We also handle payroll tax issues and can help if you're behind on business tax filings.

Many small business owners in Waymart wear multiple hats and don't have time to keep up with changing tax laws. We become your tax department, handling the compliance side so you can focus on running your business. We also provide advice on business structure, deductions, and tax-saving strategies specific to Pennsylvania businesses.

Question 5

What happens during a free tax consultation?

Accepted Answer

During your free consultation, we sit down and review your complete tax situation without any pressure or sales tactics. We look at any IRS notices you've received, discuss your current financial circumstances, and identify what options are available to resolve your tax problems.

We explain each potential solution in plain English, including the pros and cons of different approaches. Whether that's setting up a payment plan, applying for currently not collectible status, negotiating an offer in compromise, or simply getting current on unfiled returns, we make sure you understand your choices.

By the end of the consultation, you'll have a clear picture of where you stand and what steps make the most sense for your situation. If you decide to work with us, we'll outline exactly what that process looks like and what it will cost. If you decide to handle things on your own, you'll still leave with valuable information about your options.

Question 6

How long does it take to resolve IRS tax problems?

Accepted Answer

The timeline depends on your specific situation and which resolution option works best for your circumstances. Simple payment plans can often be set up within a few weeks, while more complex solutions like offers in compromise can take several months to complete.

The IRS has specific procedures and timeframes they follow, and we work within their system to move things along as quickly as possible. We also handle all communication with the IRS, so you don't have to deal with their phone system or worry about missing deadlines.

What's important is getting started. Every day you wait, interest and penalties continue to accrue, making your situation more expensive to resolve. Once we begin representation, we can often stop collection activities while we work on a permanent solution. Most clients feel significant relief just knowing they have professional representation and a clear plan moving forward.

Tax Preparation Waymart, PA