Expert Income Tax Preparation Services
- individual, small businesses, rental income
- Accurate income tax preparation
- E-file your return
- Pay with refund
- 10+ years
Refund
Maximize Your Refunds with Waller Tax Preparation
At Waller Tax Preparation, we are committed to helping you get the most out of your tax returns. Our expert tax advisors will work with you to ensure you receive the maximum refund possible.
Expert Income Tax Preparation and E-filing Services
Who Should Consider Hiring a Tax Preparer?
In general, if you have complicated taxes that touch on one or more of the following situations, you might consider hiring a tax preparer.
- You started a business last year.
- You’re self-employed or you have employees.
- You changed your marital status, your dependents have changed, you’ve had a job change, or you moved to a different state. All of these can change in your tax situation.
- You sold a property last tax year.
- You worked in multiple states.
- You started a non-profit organization.
- You’re planning to buy or sell a business.
- You made more money last year. This could push you into a new tax bracket.
- You live in a state that doesn’t have income tax, but are moving to one that does.
- You’re planning on retiring soon.
- You became a gig economy worker.
- You’re planning on living abroad for a few months each year.
- You inherited property or other assets from a family member or another individual
The IRS Is Increasing Its Audits Of Certain Taxpayers
The Internal Revenue Service is increasing the number of taxpayer audits, thanks to an $80 billion infusion from the Inflation Reduction Act, or IRA, which was signed into law in August 2022. But not all taxpayers will be affected equally..
Do You Need To Worry About an Audit?
Your chances of being audited remain low, especially if your household income is below $400,000 a year. A Syracuse University analysis shows that of the 164 million individual tax returns filed in 2022, about 626,000 were audited—a rate of 0.38%.
Be sure to hold on to your receipts and other tax records. The IRS statute of limitations for audits is three years. But experts say it’s wise to keep tax records for at least seven years. That way, you’ll have the information you need if you do face an audit.
One thing you will not need to worry about is an IRS agent showing up at your door without warning. The IRS said last year that it is ending unannounced visits by revenue agents, except in rare circumstances.
Tax Scams and Schemes
The IRS doesn't initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. Scammers are always changing their tactics.
The IRS will never:
- Call for immediate payment using a specific payment method such as a gift card, prepaid debit card or over social media.
- Call the taxpayer or leave a pre-recorded voicemail stating the taxpayer is linked to some criminal activity.
- Demand a taxpayer pay “or else.”
- Threaten to bring in law enforcement or immigration officers to have the taxpayer arrested for not paying.
- Take a taxpayers citizenship status, driver’s license or business license.
Personal Income Tax Preparation
At Waller Tax Preparation, we specialize in personal income tax preparation services. Our experienced team ensures that your tax returns are accurately prepared and filed on time. We understand the complexities of tax laws and work diligently to maximize your deductions while minimizing your liabilities. Let us help you navigate the tax landscape with ease.