Frequently Asked Questions

What services does Layup Financial Services offer? We specialize in comprehensive tax planning advisory, professional tax preparation, and tax resolution services tailored for individuals, families, and businesses of all sizes.

Who can benefit from your tax planning advisory? Anyone looking to proactively lower their tax liability, navigate major life events (like buying a home, marriage, or having a child), or structure a business for maximum tax efficiency can benefit.

Do you work with clients nationwide or only locally? We work with clients across the United States, utilizing secure digital portals and video consultations to make the process seamless regardless of your location.

What documents do I need to provide for my individual tax return? Typically, you will need proof of identification, W-2s, 1099s, receipts for deductible expenses, investment statements, and records of any major life changes. Once you schedule with us, we provide a customized checklist.

When is the deadline to file my taxes? For individual federal returns (Form 1040), the deadline is generally April 15, unless it falls on a weekend or holiday. Corporate and partnership returns (Forms 1120, 1120-S, 1065) are typically due on March 15. We also assist with filing automatic extensions if needed.

How long does the tax preparation process take? Once we receive all required documents, standard individual returns are typically completed within 5 to 7 business days. Complex business returns may require additional time depending on the volume of records.

Can you file tax returns for previous years if I missed them? Yes. We prepare and file prior-year delinquent tax returns to help you get back into compliance with the IRS and state tax agencies.

What business structures do you support for tax preparation? We handle tax preparation and planning for Sole Proprietorships, Single-Member and Multi-Member LLCs, Partnerships, S-Corporations, and C-Corporations.

Can you help me choose the right tax entity for my new business? Absolutely. Through our tax planning advisory, we evaluate your projected revenue, liability exposure, and growth goals to recommend whether an LLC, S-Corp, or C-Corp structure will save you the most money.

What is tax resolution, and how can you help me? Tax resolution involves negotiating and resolving disputes with the IRS or state tax authorities. We represent you directly to help lift levies, release tax liens, set up payment plans, or negotiate settlements.

I received an audit notice from the IRS. What should I do? Do not panic, and do not call the IRS on your own without representation. Contact us immediately; we will review the notice, gather your documentation, and handle all communications with the auditor on your behalf.

Can you help me reduce or eliminate tax penalties and interest? Yes. We frequently file First-Time Penalty Abatement requests and explore Reasonable Cause exceptions to help reduce or eliminate costly IRS penalties and accumulated interest.

How do you structure your pricing? We believe in transparency, upfront pricing. We charge flat fees based on the complexity of your tax return or specific scope of work, meaning no surprise bills or hidden hourly charges.

How do I schedule a consultation with Layup Financial Services? You can book an initial consultation directly through our website or call our office to connect with a tax specialist and discuss your specific needs.