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Tax Preparation Services
TRC takes a proactive, in depth approach to tax management,
saving many clients significant tax dollars. Tax evaluations
are vital to every financial decision; we work closely
with clients throughout the year, from initial planning,
analysis, preparation and reporting of tax returns.
We offer extensive services for preparation and reporting
of tax returns to individuals, private businesses and
public corporations, partnerships and trusts; perform
quantitative economic analysis on new tax legislation;
and prepare documentation for Revenue Agent examinations.
TRC works closely with clients to analyze existing systems
and implement software solutions to improve their internal
tax reporting operations.
Electronic tax filing is a method by which a tax return
is converted to computer readable and sent electronically
to the Internal Revenue Service. Electronically filed
tax returns have a higher degree of accuracy than paper
filed returns due to the extensive checking performed
by the electronic filing software.
Refund Anticipation Loans (RALs)
A RAL is a loan to a taxpayer based on the amount of
their Federal tax refund. The client receives the RAL
check within 1-3 days after filing their tax return
electronically. When the IRS (or State taxing authority)
Direct Deposits the client’s actual tax refund, the
refund pays off the loan and any additional funds are
given to the client in a second check which is printed
in the tax office.
Benefits to Taxpayer
- Receive loan check in 1-3 days
- Tax preparation fees can be deducted from the
loan amount
- Safety of picking up check at Tax Preparer's
office
- Client can choose amount of the bank fee by
choosing the amount of the loan
- Client can get up to 100% of their Earned Income
Credit at no additional charge
Client Eligibility
Taxpayers are eligible to apply for a RAL if:
- They meet all the eligibility requirements of
the bank's underwriting
- Total income is not from Schedule C
QIK RALs
As opposed to a traditional RAL, a QIK RAL allows you
to receive $750 up front within minutes of your application
being submitted to the bank and reviewed. Once the bank’s
review process has finished, you may receive these funds
via a check from TRC. The remainder of the funds are
issued via either direct deposit or printed as a check
directly from your local TRC office within 7 to 10 days.
And unlike a conventional RAL, a QIK RAL is one flat
fee regardless of the amount of your return.
Why wait two to three weeks to receive your money directly
from the IRS. With the QIK check you can receive your
return from TRC in seven to ten days. Many times the
IRS pauses on issuing checks during the tax season with
the onslaught of returns being filed directly. Let TRC
remove the time you wait to receive these funds from
the IRS by utilizing the QIK Check or QIK Deposit. Unlike
a Refund Anticipation Loan, not only is there no credit
check, but you also pay one flat fee, regardless of
how much your return is.
Benefits to Taxpayer
- Receive tax refund in 10-21 days (for Federal
tax refund, State refunds average 1-4 weeks)
- Tax Preparation fees can be deducted from the
refund
- Safety of picking up check at Tax Preparer's
office
Client Eligibility
- They file Federal tax return electronically
- They are at least 18 years old
- Their Federal tax refund exceeds the amount
of fees to be deducted
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