Wallace CPA Southlake, TX
Tax preparation means gathering your income and expense records, completing the right federal return, and filing it on time. Wallace CPA prepares individual and business returns in Southlake, TX. We review your records, ask questions, and explain the return before it is filed.
A tax preparer collects your income and expense records, picks the correct federal forms, completes the return and files it. Anyone with a Preparer Tax Identification Number can be a paid preparer, and the IRS notes that preparers have different skills and education. Wallace CPA is a CPA firm, and we explain each part of the return in plain terms. See our tax planning service if you want to look ahead as well.
Bring last year's return, all income forms (W-2, 1099, K-1), records of business income and expenses, and notices from the IRS or the state. For business returns, add your bank statements and your books. You can send files safely through our secure file page or the client portal. Our guide on how long to keep tax records shows what to hold on to.
The form depends on how the business is set up. The IRS says your form of business determines which income tax return form you must file. A sole proprietor reports on a personal return, while an S corporation files its own return and passes income to its owners. Learn more in our guide on S corps, LLCs and sole proprietors in Texas.
An extension gives you more time to file, not more time to pay. The IRS says you must pay any tax you owe by the April filing date. A tax extension request is one form or one online step. See the dates on our tax due dates page.
The IRS may send a notice about your return. Most notices ask you to compare the letter with your return and respond by a date. If one arrives, our IRS problem resolution service helps you read it and plan a reply. Estimated payments for next year are covered in our post on estimated tax payments.
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 guideHow long to keep tax records, and which onesLast year's return, income forms such as W-2 and 1099, records of deductions, and any IRS or state letters. Business owners should add income and expense records for the year.
No. The IRS says an extension is only for filing your return. Any tax you owe is still due by the April filing date, so many people estimate and pay with the extension request.
Yes. Wallace CPA prepares returns for sole proprietors, partnerships, corporations and S corporations, as well as individual returns.
Use the secure file page or the client portal on this site. Please do not send tax documents by regular email.
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.
