Frequently Asked Questions – Tax
We prepare tax returns for any individual or business entity who needs to file a tax return, including individuals (1040 Returns), sole proprietors/LLCs (1040 with Schedule Cs) and businesses (1065 Partnership Returns, 1120 Corporate Returns and 1120-S S-corp Returns).
We are an Enrolled Agent firm. Enrolled Agents (EAs) are federally-licensed tax practitioners who specialize in tax preparation and have unlimited rights to represent taxpayers before the Internal Revenue Service. If you get a letter from the IRS, or worse, are audited or are the target of a collection action, your EA can speak directly to the IRS on your behalf.
EAs are trained in a wide variety of common and unusual tax situations. With the tax laws changing yearly, it’s more critical than ever to have a qualified tax specialist on your side when preparing your tax and financial strategy. The Enrolled Agent license is the highest credential the IRS issues. Be confident about your tax return – use an Enrolled Agent.
EAs are trained in a wide variety of common and unusual tax situations. With the tax laws changing yearly, it’s more critical than ever to have a qualified tax specialist on your side when preparing your tax and financial strategy. The Enrolled Agent license is the highest credential the IRS issues. Be confident about your tax return – use an Enrolled Agent.
If you need audited financial statements for your business because they have been requested by a bank or loan officer, then you will need to hire a CPA. If you need bookkeeping services, QuickBooks Training/Clean-up, Tax Preparation or Tax Resolution services then our firm is fully staffed, qualified and prepared to help you.
There is no ongoing commitment after the tax year when hiring Sapphire Tax Solutions to do your personal or business’ taxes. We offer a Client Care Package that is ongoing insurance to protect you for that return if there are future letters from the IRS or if you are ever selected for an audit.
Yes, we can still do your taxes if you are not organized, but keep in mind we can only file your return based on the information you provide, so finding the documentation needed and providing it to us is essential.
Yes! We can file all state returns for you. We are an enrolled agent staffed firm which allows us to file in any state. The few states that have specific requirements for tax preparers acknowledge the expertise and experience of Enrolled Agents and their expertise and training. No further certification or licensing is required for Enrolled Agents.
If there are errors in prior year returns that we did not complete, we will inform you about the repercussions of not amending the return and future consequences that could present themselves. However, for any return that we complete, we will not omit or hide information. Our returns will always be complete and accurate based on the information given to us. If you intentionally hide information from us, you will be responsible for future audits and penalties related to the omission.
We do not work with tax protestors. Please find another firm to represent you.
While TurboTax can be helpful for some people, in some cases, it cannot replace a professional with tax expertise in doing your tax return. Holding the highest credential the IRS awards, we are experts in taxes and can help ensure you don’t pay too much or risk an audit.
In completing your tax return we can offer some tax saving advice depending on your situation and the circumstances of your return. We also have an Accredited Financial Counselor on staff to help with budgeting, managing your cash flow, setting goals and working toward financial security if that is something you are interested in. However we are not Financial Advisors and can not offer specific investment advice. We specialize in taxes, tax preparation and tax resolution.
No, we do not offer that service. It is best to work with your Financial Advisor yourself so you are able to communicate your needs directly and ensure your investments and retirement accounts best suit your planning needs. Financial Advisors are trained to help you select specific investments and accounts.
We serve all 50 states virtually. We are located in central Texas and love meeting with our local clients in person if they would like to meet with us. Here are some of the cities we’ve worked in:
- San Antonio
- San Marcos
- New Braunfels
- Kyle
- Austin
- Round Rock
- Leander
- Cedar Park
- Georgetown
- Liberty Hill
- Lago Vista
- Dripping Springs
- Bulverde
- Spring Branch