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Announcements
(3/12/2023) This is a reminder that we need ALL your documents by March 18 to ensure we can get your return filed by April 18. If you wonder why, here is a video explanation!
(3/1/2023) Free extension season is here! We are taking new clients for extensions only. This means we will file an extension with the IRS for you and prepare and file your tax return(s) between April 18 and October 15. Additional information on extensions can be found in this video.
Returning clients who want their tax returns filed prior to April 18 are reminded to get us all the documentation we need ASAP!
(1/12/2023) We believe we have sent email invites for the new portal to all clients from last year. If you were here last year and you did not receive a portal invitation please check your spam/junk folder. If you still can't find it, call us at 757.357.1110 (or email us so we have your correct email address!) and let us know that you need it sent again!
(1/5/2023) Returning Clients: An email went out on January 5 with guidance for the 2023 tax season. If you didn't see it, check your spam/junk folder. If you can't find it, let us know! 757.357.1110
If we do not have your tax documents by March 18, 2023, we cannot guarantee we will have your tax return filed by the April 18 filing deadline.
VIRGINIA BEACH TAX PREPARATION SERVICE
Congratulations! Your search for an affordable tax planning and preparation service in Virginia Beach is complete. PIM Tax Services LLC is owned and operated by Paul D. Allen, CFP®, an Enrolled Agent and US Navy veteran. I founded this tax firm to provide genuine advice and tax services at prices that won't break your budget. It shouldn't cost a small fortune to comply with state and federal tax laws, or to be informed about the credits, adjustments, or deductions for which you might qualify. The mission of PIM Tax Services is to remove the stress from your tax filing experience.
How Much Does It Cost?
The most common question asked of tax professionals is "how much do you charge?" Unfortunately, at most tax prep firms it is almost impossible to get a straight answer to that very reasonable question. Not at PIM Tax Services. I post my fees for the most common tax return situations right on my website. You don't have to guess what your tax preparation bill is going to be.
Topics Recently Discussed in the Tax Blog:
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The Virginia 529 Tax Break Anyone Can Use
Updated September 2020 (originally posted 21 October 2015) Update: Most of the original information in this article is the same as when it was first posted, but a few things have changed....
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Understanding Standard Deduction vs Itemizing
Updated August 2020 (originally posted Feb 2016) A conversation I have frequently during tax season: Taxpayer: How much do you charge? Paul: Do you use the standard deduction or itemize? Taxpayer:...
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Tax Season 2020 Update - Extension, etc.
March 21, 2020 A short video to explain the changes to the filing deadlines release by the IRS and Virginia, and how the COVID-19 pandemic is impacting operations at PIM Tax Services. PIM Tax...
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Section 199a Deduction and Residential Rental Property
19 January 2019 I did not expect to be posting a blog article today, but much to my surprise, the IRS released a proposed Revenue Procedure late yesterday, and I felt like I needed to provide some...
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Solo 401K Basics
02 January 2019 I don’t regret one minute of my Navy career, but if I had realized how much fun it is to be an entrepreneur and business owner, I would have done it a long time ago. Building this tax...
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House Flipping Tax Traps
22 December 2018 There are a multitude of TV shows these days dedicated to real estate flipping. Flipping, if you don’t know, is where you purchase a property, fix it up, and then sell it for a...
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Virginia Taxes in 2018 - 2 Potential Problems
13 October 2018 Video Blog: The Tax Cuts and Jobs Act (TCJA) is the official name for the tax law changes enacted at the end of 2017 and became effective for 2018. Among the many changes within the TCJA...
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My New Favorite Virginia 529 Tip: ABLE-Now
30 September 2018 The Virginia ABLE-Now program allows you to deduct up to $2,000 of contributions per year from your Virginia income taxes. Or you could exploit a simple trick created by the Tax...
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12 Tax Differences Between Virginia and the IRS
19 August 2018 In most aspects Virginia laws conform to federal income tax laws. This is somewhat evident when you notice the first line on your Virginia tax return is your federal adjusted gross...
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Tracking Your IRA's Taxable Basis
09 July 2018 The word basis can have many different meanings in tax and finance. When it comes to your IRA it refers to the portion of your IRA on which you will NOT have to pay tax. That makes it a...
Who Finds PIM Tax Services Valuable?
Military personnel and families. Taxes can get tricky when you are serving in Virginia and your home of record is another state. Even worse - when you and your spouse are from different states. I can ensure you get your taxes filed correctly and that you are getting ALL of the tax benefits that come from serving in the armed forces.
Self-employed/home businesses. Working for yourself has many rewards, but figuring out the tax laws isn't one of them! I make sure you are claiming all your business and self-employment deductions properly so you can focus on tdoing what you love.
Residential rental property owners. There are significant tax benefits associated with residential rental property. I know them, understand them, and make certain you get them when we file your tax return. I also employ some strategies to get you the most value for repairs and improvements to your property.
People who want to build a lasting relationship with a tax professional they trust. Sharing your financial details with someone is an unnatural and stressful act. You worry about their integrity and professionalism. Unless you're my client. My clients know I am thorough, professional, secure, and honest. They know I will get to the legal and most advantageous (LAMA) tax solution for them every time. You can read what they have to say about me here.
If you are ready for a better tax preparation experience make an appointment today.
Finding The Office
Officially at 582 Lynnhaven Parkway, you get to the building from Viking Drive. PIM Tax Services is located in suite 101, on the first floor. If you come in the front door it is the first office on the right. Plenty of convenient parking available. For the best client experience, make an appointment before dropping by.
PIM Tax Services LLC is a professional tax planning and preparation service in Virginia Beach, but through the magic of the internet, we serve clients around the world!
(757) 357-1110
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