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AmeriClearTAX RELIEF

Tax Prep & Accounting

Personal Tax Preparation

Filing correctly and on time is the simplest way to keep a tax problem from starting.

What personal tax preparation covers

Your individual return is Form 1040. Attached to it are schedules, which are extra forms that report specific kinds of income or deductions. If you work a job and take the standard deduction, the return may be short. Most people's are not that simple.

Schedule C reports income and expenses from self-employment. Schedule E covers rental property and income passed through to you from a partnership or S corporation. Schedule D reports the sale of stock or other property. Schedule A itemizes deductions when itemizing beats the standard deduction. We prepare the schedules your situation actually calls for, and we file your state return alongside the federal one. If you lived or worked in more than one state during the year, that can mean multiple state returns.

We also prepare back-year returns. If you have unfiled years, those returns still need to be filed, and filing them is usually the first step toward resolving anything else.

Who this fits, and why self-employment is different

If you are paid on a W-2, your employer withholds tax from every paycheck. The system handles it for you. If you are self-employed or paid on a 1099, nothing is withheld. The full amount hits your bank account, and the tax on it is still owed.

That is why self-employed people fall behind. There are two taxes on that income, not one. There is regular income tax, and there is self-employment tax, which is the Social Security and Medicare that an employer would normally split with you. On your own, you pay both halves, at 15.3 percent on net self-employment earnings up to the annual Social Security wage cap, with the Medicare portion continuing above it. Half of it is deductible, which softens the blow, but the bill is real.

The IRS expects that money during the year, not at the end of it. That happens through quarterly estimated payments, made roughly in April, June, September, and January. Skip them and you can owe penalties even if you pay the full balance by the deadline. Contractors, freelancers, gig drivers, and small business owners are the people we see most often, and a missed estimated payment schedule is the most common way a manageable year turns into a balance that grows.

How AmeriClear handles it

We start by understanding your year before we open a single form. What income came in, how it was reported, what changed, and whether prior years are filed and settled. If you came to us through a resolution case, we already have your IRS transcripts, and we prepare the return against what the IRS actually has on record rather than against memory.

Our Enrolled Agents and tax professionals prepare and review the return. You get a direct case contact, so you are talking to the person handling your file instead of restarting the story with whoever picks up the phone.

We quote a flat fee before you commit, based on the return you actually need. If you are self-employed, we will also walk through your estimated payments for the coming year and tell you what to set aside. That conversation takes ten minutes and prevents most of the problems we later get hired to fix.

What to expect

We will ask for documents: W-2s and 1099s, records of business income and expenses, mortgage interest and property tax, tuition, and last year's return. The cleaner your records, the faster and cheaper the work. If your records are thin, tell us. We can often rebuild from bank statements and transcripts.

Understand what an extension does. An extension gives you until October to file. It does not give you more time to pay. Any tax owed is still due on the original spring deadline, and interest and the failure-to-pay penalty run from that date. An extension protects you from the much larger failure-to-file penalty, which is why it is still worth filing one, but it is not a way to delay the bill.

If your return shows a balance you cannot pay, say so and file anyway. Filing on time and paying late is a far smaller problem than not filing at all, and options exist for the balance. If you are coming off a resolution case, staying filed and current is the condition that keeps the resolution alive. Year-round compliance is what keeps you cleared, and it is the whole reason we do this work alongside resolution.

How we handle it

01

Investigate

With your authorization, we pull your IRS transcripts and establish the facts — what is owed, what is filed, what is pending.

02

Recommend

We tell you which options fit your case and which do not, and what each one would cost as a flat fee.

03

Represent

We handle the filing and the negotiation. Collection contact goes through the firm rather than through you.

Common questions

Personal Tax Preparation, answered plainly.

Have one that is not here? Call (888) 918-4027 or request a free consultation.

No. An extension extends the time to file, not the time to pay. Tax owed is still due on the original spring deadline, and interest and the failure-to-pay penalty start running then. An extension does protect you from the failure-to-file penalty, which is larger, so it is still worth filing one if you need the time.

Find out where you actually stand.

A free consultation is a real conversation about your situation — no obligation, no pressure.

Monday–Friday, 8:00am–5:00pm PT

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