The 10 Best Tax Preparation Services In Baltimore, Md 2021

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tax preparation baltimore

The IRS expects these refunds for many EITC and ACTC taxpayers will issue the first week of March if they file electronically with direct deposit and there are no issues with their tax returns. EY tax professionals will prepare and file your individual returns including forms related to investment income, such as federal Schedules B, D and E. Proper reporting is crucial, as certain types of interest, dividends and capital gains may qualify for reduced tax rates. If you’re subject to the net investment income tax, we prepare the Form 8960, and include the tax deductions available to you. We get it — filing taxes can be overwhelming, confusing and tedious.

tax preparation baltimore

You don’t have to make an appointment, mail paper documents or understand complicated tax software. When it’s time to file your tax returns, be on the lookout for a Form 1099-G, which reports the amount of unemployment benefits you received during the year. Your tax return preparer will need a copy to report it as income on your tax returns. EY tax professionals consistently work with multistate filers, to submit the proper forms, credits and state tax returns. We can prepare and file the necessary returns for you, including federal Schedules C, E and SE to report your business income and expenses, and ultimately calculate your self-employment tax.

The program is offered in conjunction with the IRS, and AARP membership is not required. Social Security card and/or ITN for every family member. Prior year tax returns can’t be used for verification. Tax Hive is not a financial planner, broker, investment advisor, or law firm. Professional services are fulfilled by appropriately licensed and registered service providers. Each personal financial situation is unique, and any information obtained using this website or its related services may not be appropriate for all individuals in all situations. Tax Hive, LLC (“Tax Hive”) is owned by Tax Hive Partners, LLC, a registered Certified Public Accounting tax advisory firm.

Free Tax Preparation

For example, it can help reduce the chance of you making a mistake that could land you in trouble with the IRS. And, it could save you time for other important tasks. If you have a side job, rental property or many assets, having someone do your taxes can pay off in the short- and long-run. Account executives, customer relationship management, and other personnel are not licensed service providers. Such personnel may assist in providing a description of products and services offered and may arrange for specific advice to be provided through consultation with appropriately licensed and registered individuals. These staff members cannot provide personalized accounting, legal, business structure, or other tax advice.

tax preparation baltimore

Cost-effective — the service is competitively priced and is powered by Ernst & Young LLP , an organization with more than 100 years of experience in tax preparation. If you want to avoid a surprise tax balance due when you file your returns, consider adjusting your tax withholdings or making estimated tax payments. EY TaxChat™ can help with the new tax reporting requirements on your annual tax returns. Hire EY professionals to file your taxes from the comfort of your home. Get virtual, one-on-one tax guidance and on-demand preparation from a tax professional. Mobile tax and credit solution services in all 48 states. Also offering life insurance, trusts, wills and youth financial literacy.

The goal is to maximize your money, determining the lowest amount of tax payments required by law. We pride ourselves on offering our clients value 1st in solving their tax problems!!!

Find an American Association of Retired Persons Tax-Aid site near you. This service is available to taxpayers over age 50 with low to moderate income. The CASH Campaign of Maryland promotes economic advancement for low-to-moderate income individuals and families in Baltimore and across Maryland. CASH accomplishes its mission through operating a portfolio of direct service programs, building organizational and field capacity, and leading policy and advocacy initiatives to strengthen family economic stability. This means that CASH can prepare your return now but taxreturns will not be filed until February 12th. The Treasury Department and IRS will began issuing a second round of Economic Impact Payments on December 30, 2020. The payment is generally $600 for singles and $1,200 for married couples filing a joint return.

Why You Should Hire A Tax Preparer

We stay current on tax laws to identify the deductions and credits applicable to you. This year, some VITA/TCE sites are not operating at full capacity and others are not opening. To locate an open site near you, use the VITA/TCE Locator Tool or the AARP Site Locator Tool. The locator tools are updated throughout the filing season, so check back if you don’t see a nearby site listed. Also, please review the other online resources and tax help tools on including tax forms, instructions and publications, online payment methods and options to file with IRS Free File – free for most taxpayers. Also, please review the other online resources and tax help tools on including tax forms, instructions and publications, online payment methods and options to file with IRS Free File – free for most taxpayers. Several for-profit tax providers offer online filing tools, including no-cost filing for federal 1040 and sometimes state returns .

To get started, create an account either at or by using the mobile app, which is available for download from the Apple App or Google Play stores. During the registration process, you will be prompted to answer some questions about your 2020 tax year. For example, did you have a mortgage or dependents, or did you have investment income? Based on your answers to these questions, EY TaxChat gives you a fixed-fee quote for preparing your taxes.

  • If you have a side job, rental property or many assets, having someone do your taxes can pay off in the short- and long-run.
  • Having a CPA do your taxes is usually recommended if you have a business or any type of side job, or if you’ve been contacted by the IRS for a tax-related matter.
  • The payment is generally $600 for singles and $1,200 for married couples filing a joint return.
  • To locate an open site near you, use the VITA/TCE Locator Tool or the AARP Site Locator Tool.
  • If you’re not satisfied, return it to Intuit within 60 days of purchase with your dated receipt for a full refund.
  • The CASH Campaign of Maryland promotes economic advancement for low-to-moderate income individuals and families in Baltimore and across Maryland.

Leichter Accounting Services, L.L.C. is a CPA firm that provides various accounting and financial solutions for individuals and businesses throughout the Baltimore metro area. Its staff handles a broad range of CPA services including small business accounting, tax planning, IRS tax problem resolution, incorporation, QuickBooks setup and training, and outsourced accounting and bookkeeping. Leichter Accounting Services, L.L.C. also offers free consultations. KatzAbosch is a Timonium-based accounting firm that has been serving high wealth individuals and small to medium-sized businesses for over 47 years. Accounting Today named KatzAbosch as one of the Best Accounting Firms To Work For in 2016. Graber & Associates is a full-service CPA firm that offers accounting, tax, and financial services to local businesses and individuals in the Baltimore area.

Being self-employed is a major achievement, but it comes with additional responsibilities. If you’re a business owner, partner, contractor or gig worker, you may have to pay self-employment tax. With EY TaxChat, you’ll have access to a dedicated and experienced tax professional. I review all numbers with clients and strive to educate to enable them to be more informed and make better financial decisions.

(Most TCE sites are operated by AARP Foundation Tax-Aide.) For more information, call toll-free orcheck online. Before you hire a tax professional, visit their business profile to see how they handle payments. Many CPAs and tax experts accept digital payments through Venmo, PayPal, Square Cash, Zelle and other online platforms. More businesses may be changing their payment methods to accommodate social distancing. Check with your tax preparer to see how they handle payments. Contact local CPAs or tax professionals to see if they can offer their services without in-person contact.

Nearby Services

A tax preparer can take the form of several different job titles, but they must have an IRS Preparer Tax Identification Number to be authorized to prepare federal tax returns, according to theIRS. Some titles may include enrolled agents, who are licensed by the IRS, as well as certified public accountants . Some tax attorneys may offer tax preparation and planning services, though not all are qualified to do this. is an accounting and consulting firm that offers professional tax, accounting, and financial counsel to business owners in the Baltimore area. S.J.S. Financial Firm is a financial management company that provides bookkeeping and tax services for small businesses and nonprofit organizations in the Baltimore metro area. The firm offers a broad range of business solutions, including bookkeeping, payroll, QuickBooks, tax preparation, new business formation, employee benefits, retirement, insurance, and financial services. President and CEO Sharif J. Small has been published in The Bizmonthly and The Baltimore Business Journal.

While this may seem like a lot to digest, our EY tax professionals remain up to date on tax developments and apply that knowledge when preparing your tax returns. Unemployment benefits may be a new and unfamiliar tax topic for many. We handle the reporting on your tax returns and provide guidance on tax withholdings and estimated tax payments.

This training includes maintaining the privacy and confidentiality of all taxpayer information. In addition to requiring volunteers to certify their knowledge of the tax laws, the IRS requires a quality review check for every return prepared at a VITA/TCE site prior to filing. Each filing season, tens of thousands of dedicated VITA/TCE volunteers prepare millions of federal and state returns. They also assist taxpayers with the preparation of thousands of Facilitated Self-Assistance returns. To browse options and confirm your eligibility, visit Free File Software Offers page. QualiTax is a family-owned and locally operated company that performs tax and accounting services for individuals and businesses throughout the Baltimore area.

is a certified public accounting firm that provides experienced financial insight for individuals and businesses in the Baltimore area. The staff has over 25 years of combined experience in accounting support, tax preparation, tax planning, and financial consulting, and also offers audit services and assistance with IRS tax issues.

The firm was established in 1980 and has since provided tax preparation, accounting, bookkeeping, tax problem resolution, payroll, and IRS representation services. QualiTax is accredited and rated A+ by the Better Business Bureau . Tax Hive is a leading source for business tax preparation, estate planning and asset protection. Kevin O’Leary is a partner and strategic advisor for Tax Hive. We know that many business owners spend very little time with their tax accountant and in so doing bring on more risk of an audit. We believe in forward taxation planning because we don’t like doing taxes in the rearview mirror. We give our clients access to our professional CPAs and tax filers on a year-round basis, without the hourly cost.

Rejoin Aarp For Just $16 A Year

I am passionate about my clients and want to help them. As well as I want to treat them as if they are my only client. In order to win, you need a strong manager, a strong team with excellent team leaders and the ability to score runs. At Ekanger & Associates, we have been providing that winning combination for 28 years.

Many firms can operate remotely or virtually, and others that typically operate face-to-face may be changing their procedures to keep up with social distancing guidelines. If you decide to hire a tax preparer near you, ask if the tax preparation can be handled remotely. Most accounting firms and tax preparers may be willing to offer this.

All TACs now operate by appointment; services may vary by office. To find out which services are deemed essential in your area, visit the official government website of your state or city and look for information about essential services. Nationally, the average hourly rate nationally for a tax prep professional ranges between $150 and $450. Want to add your business to our directory, or update your current listing? Include your business name and what you need to do in the Comment Section of this form and someone will contact you shortly.

States have varying tax residency rules, which are crucial to understand to avoid unexpected state taxes and filing requirements. In most cases, income you earn in another state will be taxed by that state, requiring you to file there, too. TLS provides a safe way to manage your life’s financial tax obligations and legal documentation by working with our federally-authorized enrolled agents (EA’s) and paralegals.

Please refer to your advisors for specific advice. If you recently became a US citizen, are a citizen of multiple countries or work in the US under a visa, our team will analyze your scenario to assist and file the appropriate US returns. If paying taxes makes you cringe, tax credits and deductions should make you smile. The good news is our EY tax professionals are here to address the complexities of your tax filings. There’s no doubt that taxes can be quite complex, especially with the frequency of recent tax law changes and personal circumstances during these times.

The CASH Campaign of Maryland is another popular tax assistance program. You can get help with your taxes if you made $57,000 or less in 2020. There are free options available from trusted sources.