A: Since 2015
A: Paul is an Enrolled Agent
A: Enrolled Agents (EAs) are federally-licensed tax practitioners. As stipulated by the Department of the Treasury’s Circular 230 regulations, EAs are authorized to advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Enrolled agents are the only federally-licensed tax practitioners who specialize in taxation and have unlimited rights to represent taxpayers before the IRS. (More about Enrolled Agents)
A: There is some general confusion about the differences between tax preparation and bookkeeping. Tax preparation takes your financial statements and produces a tax return. Bookkeeping takes your raw financial data and turns it into financial statements. People will sometimes bring us raw financial data, thinking we need it for tax preparation. If they do, we can do some bookkeeping (for an outrageous fee) to turn it into finished financial data before proceeding with tax preparation.
The price is really high because we don’t want to do it, but if you’re willing to pay that much, we’ll do it.
A: You need an appointment. 757.357.1110
A: I can, but I don’t. Those are specialized fields, and I don’t specialize in them. Asking me to prepare your Trust or Estate return would be like asking a divorce attorney to represent you in a dispute over a patent. Not the right fit.
A: Only if you are an existing tax preparation client.
You should access the Payments section on the Internal Revenue Service (IRS) website: Payments | Internal Revenue Service (irs.gov).
You have two options for making a payment:
- With a credit card or a digital wallet (extra fees apply).
- With Direct Pay, using a bank account (no extra fees).
We recommend processing the payment with Direct Pay since no extra fees will be applied.
If you choose the first option, you will have two further options:
- Make a Payment
- Look Up a Payment (when you have already scheduled a payment and need to add or cancel it) – Do not choose this option.
After selecting the first option again, you will need to choose the reason for the payment. The most common reasons are:
- Balance Due: When your return is prepared, and you know the exact amount of your payment.
- Estimated Tax: When you have a business (or other income) and there is no tax withheld.
- Extension Payment: When you file an extension and need to pay to avoid late payment penalties.
Next, choose the type of form to which the payment will be applied. Normally, payments are applied to “Income Tax – Form 1040.”
Lastly, you need to choose the tax period for the payment. Select the year you want the payment to apply to.
After hitting the continue button, you will be directed to another section to confirm your identity. This involves checking information that the IRS has about you. For example, if you have already filed your 2022 tax return but not your 2023 tax return, the IRS will not have any information about any changes you made in 2023. Therefore, you may need to choose the 2022 tax return and complete the questions based on the information you provided in your 2022 tax return.
The previous steps were the most complicated, where you might have needed assistance. The next step is simpler, as it involves entering your payment method details.
A: Yes. If you provide us with ALL your correct tax information and we file an incorrect tax return, we will refund your tax preparation fee.
A: Yes, if you are Scarlett Johansson. No, if you are anyone else. I will need at least a few days, depending on my current workload. Sometimes a few weeks. (Fair Warning: If you’re in my work queue and Scarlett calls, you are moving down the list. You understand.)
A: He is the greatest hitter in the history of major league baseball. It is a gross miscarriage of justice that he is not in the Hall of Fame.