Personal Income Tax Preparation

Ebbert CPA offers our Knoxville clients complete personal tax preparation services. If you are looking for a reliable, knowledgeable, and skilled CPA firm to assist you with your taxes, call us today at (865) 584-3200.

At Ebbert CPA, we make it a point to explain the numbers to you in order to allow you to make the most informed decisions about your taxes and your money. We will detail all of the tax planning possibilities and potential financial incentives available to you while helping you make the best financial solutions and while preparing your federal and state tax returns.

Personal Tax Preparation

The process of preparing your own income tax return can often leave you with more questions than answers. In fact, most taxpayers report using a professional tax preparer such as Ebbert CPA to be especially beneficial. And whether we like it or not, today’s tax laws are so complicated that filing what should be a simple return can be very confusing.

Deductions and credits that your may be legitimately eligible for can be easily overlooked. Even using a computer software or online program is no substitute for the assistance of an experienced tax professional such as Ebbert CPA. Our services will include:

  • Your tax return will be checked and rechecked in order to identify any potential problems that the IRS may look at more closely.
  • The math in your tax return will be carefully reviewed in order to limit IRS contacts.
  • Your tax return will be filed electronically, meaning you will receive yourrefund quickly.
  • We will show you how to adjust your payroll withholding in order to get more money back each week.
  • We will show potential deductions to limit your tax liability for the upcoming year.
  • We will identify for you commonly overlooked deductions in order to limit the upcoming year’s tax liability.

Personal Tax Planning

For many people, personal tax planning has a certain mysteriousness attached to it. But Ebbert CPA can demystify tax planning and help you strategize effectively. Basic tax-cutting strategies include:

  • Splitting your income among several family members or legal entities to get more of that income taxed in lower brackets
  • Shifting your income from one year to another to have it fall where it will be taxed at the lowest possible rate
  • Shifting deductions from one year to another to place them where the tax benefit will be greater
  • Deferring tax liability through certain investment choices and through pension plan contributions
  • Structuring your affairs to obtain a tax deduction for some expenses paid for things you enjoy, such as a vacation home, for example
  • Investing your money to produce income that is exempt from either federal or state income tax or both.
  • There are a variety of combinations and plans that can best benefit you. Ebbert CPA can ensure you get a customized strategy that is ideal for your financial situation.

Personal Tax Preparation at Ebbert CPA

Anyone can file a tax return, but Ebbert CPA can make sure you get back everything you are owed and that you pay no more in taxes than the law requires. Current tax laws are so complex that, unless your finances are exceptionally simple, chances are good that you will benefit from professional tax help.

Ebbert CPA constantly monitors the intricacies of ever-changing tax laws, and we know how to use those to your advantage. It is all too easy to overlook deduction and credits that you are entitled to, especially if you only file one return a year, and even if you use computer software to file. In short, there is no legitimate substitute for the assistance of a seasoned tax preparer such as Ebbert CPA.

At Ebbert CPA, we prepare hundreds of tax returns each year. We know what to look for when preparing your return, and we have to answers to any tax questions you may have during the rest of the year. Call us today at (865) 584-3200 to schedule an initial consultation. We will go over your financial and tax situation will determine how we can best help you.