Mytaxbizz.com Professionals

We price our preparation services in various ways, so comparing price opposed to your personal RESULTS… can be a little like comparing apples to oranges when you’re looking for the best deal. Prices generally increase as your financial situation and your tax return become more complex.

Those with extremely simple returns and modest incomes can often get the job done at the lowest service price, alternatively, you’ll receive the same level of application knowledge annually for your filings. Start learning financial tactics with us and begin a lifelong relationship of Tax saving strategies as well as wealth building process that provide you with a FINANCIAL PLAN!

Mytaxbizz.com “Basic to Complex”

its services on your personal income summary of and your lifestyle. This might or might not provide an accurate picture of your tax filing situation.

This is why seeking a professional Tax service provider is an exceptionally savvy decision you should make about tax matters.

We understand clients that are PAYING annual taxes COST their families thousands of dollars in Retirement Planning, College tuition payments, Housing and Wealth planning.

We cover all aspect of Financial techniques for the whole family not just the Tax client filing a return.

Mytaxbizz.com Personal Touch

Our Tax Professionals are just that! Informative, Strategic and Human… our fees are completely based on the clients needs.

• A set fee for each tax form or schedule
• A fee based on the complexity of the client’s situation
• An hourly rate for time spent preparing the tax return and its accompanying forms and schedules
• Additional fees for services such as expediting returns, filing for an extension, or responding to Internal Revenue Service (IRS) audits

There Are Many Different Types of Taxes.

In the United States, these taxes come in the form of federal income taxes, state and local taxes, and property taxes. Each of these has its own particular rules and regulations that must be followed. Some taxes are based on your income while others are based on the value of the property you own.

State and local taxes are also based on the assessed value of the property you own. However, these taxes are based on a percentage of your income as opposed to the value of the property itself. In other words, you will be required to pay both property taxes and state and local taxes.

To Itemize or Not To Itemize?

You might not have to torture yourself over the decision between itemizing and claiming the standard deduction. The answer could be pretty clear cut. You’d need more than $25,900 in itemized deductions in the 2022 tax year to make itemizing worthwhile on the return you’d file in 2023. That’s the standard deduction for married taxpayers who file a joint tax return. The standard deductions for other filing statuses in tax year 2022 are $12,950 if you’re single or if you’re married and filing separately, and $19,400 if you qualify as head of household.

You’d be paying tax on more income than you have to if your itemized deductions add up to less than the standard deduction for your filing status. Both itemized deductions and the standard deduction subtract from your taxable income. You’re taxed on what’s left. But you must choose between these options because tax law won’t let you claim both.

Inappropriate Pricing Methods!

 Some pricing models are illegal and prohibited by the U.S. Treasury Department.

• Tax professionals are generally prohibited from charging “an unconscionable fee” for providing tax services, or from charging a fee that’s based on information that’s contained in your return. One common example is a fee that’s based on a percentage of your tax refund.
• Tax preparers are also prohibited from charging contingent fees except in certain limited circumstances.5
• Be wary of a fee that seems much higher than average. Exorbitant fees for tax preparations are a definite red flag to watch out for
• The IRS and U.S. Department of Justice have issued warnings about unscrupulous tax preparers taking inappropriate deductions and tax credits and charging large fees to their clients.
• Be sure to ask how the fees were determined if your invoice is much higher than you anticipated.