Freedom Services

Unfortunately, many of the people that work for tax preparation services don’t have the extensive tax experience you think they do. When you need actual guidance, not just someone reading off a computer screen, we’re here for you.

Are you thinking of selling some real estate? Whether it's a house you rent out or a commercial property, these can have a pretty big effect on your taxes. If you consult with a tax accountant, they can help you plan accordingly.

In addition to the difficult testing and application process every enrolled agent (EA) has to pass, the IRS requires us to complete 72 hours of continuing professional education, reported every three years, to maintain the expert-level status. Your taxes deserve experts who...

Where did the world's first accountants originate? a) Greece, b) Rome, c) Mesopotamia, d) India. Answer: C. Mesopotamia! These bean-counting pioneers worked for religious authorities, tracking taxes paid in sheep and other agricultural products.

Are you confident that the tax return you prepare for your family or business is completely accurate and doesn’t miss out on any deductions or credits that could mean more money back from the government? An accountant can often pay for his or her fee and then some by finding...

The IRS Restructuring and Reform Act of 1998 allow federally-authorized practitioners (those bound by the Treasury Department’s Circular 230 regulations) a limited client privilege. This means there can be confidentiality between you and the EA under certain circumstances in...

Did you know that there is a three year statute of limitations for federal income tax returns for individuals? This means that the IRS may challenge what you’ve reported up to three years after the date of filing. One benefit of using a tax accountant is that they will be able...

While EAs specialize in such things as business taxes, they can help you with a wide range of tax situations. This includes helping you deal with the tax implications of a rental property or a move to another state during a reporting year.

What value do you place on your time? While a tax accountant may cost more than tax preparation software, you could save a considerable amount of money with an accountant. Simply collect all of the necessary receipts and documents and drop the information off with an...

We recognize that learning you’re the subject of an IRS audit can be a stressful thing for anyone. Let’s talk about how working together on your tax preparation can help take some of the stress out of an audit if you’re one of those people who’s randomly selected.

Did you know that your odds of being audited rise significantly if you earn more than $200K per year? The increase is actually from 0.9 percent to 3.7 percent when you surpass that level. In this case, hiring a tax accountant is going to be your best option.

A cash flow statement is an important piece of a company’s paperwork for accounting purposes. Judging a business’s future prospects calls for some consideration and comparison of the business’s cash-generating potential and cash needs over both the short and the long terms.

If you have had or adopted any children in the past year, then you will need to provide your tax accountant with their social security number. Otherwise, you won’t be eligible for a child tax credit.

Did you know? A liability is an obligation or debt, such as wages, taxes and expenses. Liabilities are equal to assets on a balance sheet.

It’s recommended that you give your tax accountant copies of all your brokerage statements. Brokerage statements often contain data that may alert your accountant as to any tax loss carry forwards you might have from the past year, as well as any types of gains or losses you...

Did you know that unlike CPAs and tax attorneys who are regulated by state, enrolled agents (EAs) are able to practice anywhere in the United States? This makes hiring an enrolled agent ideal if your tax return or issue involves multiple states.

There are basically four types of tax planning strategies: accelerating income, deferring income, accelerating deductions, and deferring deductions. Your tax accountant can help you determine what’s best for your individual situation.

Enrolled Agents have no restrictions on whom they can represent, which IRS offices they can appear before, and the types of tax matters they can handle. This level of professional achievement means that you will be working with the top individuals in the field.

Documents must be signed in person to be notarized. Why? According to the American Society of Notaries, “The ‘golden rule’ of every notarial act, whether it is paper-based or electronic, is the physical presence of the signer before the notary.”

If you ever need a copy of official documents, like passports or other forms of identification, a certified copy may be necessary. A notary can certify these copies in similar ways to notarizing a document.