Wallace CPA Southlake, TX
Individual tax and financial planning looks at your personal tax picture through life changes. Wallace CPA helps Southlake, TX individuals and families with returns, life events, and the tax side of estate and elder care questions, working with your attorney or adviser.
Marriage, divorce, a new child, a move, a job change, retirement and the sale of property can all change your return. Plan before the event when you can. See the Texas family tax guide and tax preparation. Texas has no state income tax, but the federal return still applies.
The estate tax is a tax on the right to transfer property at death. The IRS says most simple estates do not require an estate tax return. A personal representative must file the final individual return and any estate tax return when due. Attorneys draft wills and trusts. We cover the tax side. Read about capital gains and cost basis.
Families may ask about medical costs, income changes, selling a home, and who files returns when a parent cannot. A CPA can organize records and explain how the rules might apply. An elder law attorney handles legal arrangements. Details depend on your case.
Bring last year's return, this year's income forms and notices. If an estate is involved, bring the death certificate and a list of accounts. Send files safely through our client portal or secure file page.
Texas has no state income tax, but property tax can change your budget. See our guide on property tax protests in Tarrant and Denton counties and the entry on homestead exemptions.
General information, not advice for your situation. Talk with a CPA about your own facts before you act.
Ask anything else: call (877) 682-1171.
Read the guideTaxes for Texas individuals and familiesNo. An attorney drafts those documents. We cover the tax side.
Often yes. The IRS says the personal representative is responsible for filing any final individual income tax return and the estate tax return when due.
No. Federal income tax still applies. See our Texas family tax guide.
No. It is general information. Talk to a CPA about your situation.
Call the Southlake office and say what you need: a return, an IRS letter, your books or a new business. Have the notice or last year's return nearby if you have one.
