Farness Tax Prep
Hello, it's nice to meet you!
My Commitment to Clients
With no hourly billing or unexpected fees, I strive to foster an honest and transparent relationship between you and your trusted tax professional. I am dedicated to offering year-round support and guidance to all clients, included as an additional benefit within the annual tax preparation fee.
Advice is always free!
Have a question on filling out your W-4? Need to know what your Adjusted Gross Income is? Starting your own business?
Give me a call and let me show you the value of having a Tax Professional at your finger-tips!
Every year taxes get more complicated. Keeping up with tax changes can be overwhelming, so having someone in your corner to navigate through the complexities is definitely valuable. I strive to be that someone in your corner, your tax professional!
Please click on the relevant tab below to get a peek at how you can establish year-round services included with yearly tax preparation.
Or..
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Just Have A Few W-2's
You are the simple return! Sounds like you may be able to handle this one by yourself, right? But, sometimes when you use those do-it-yourself services you can miss out on important credits and deductions.
Base Price: $225.00
Minimum Charge Total: $225.00
Now, sometimes there are complexities outside of the simplicity of a W-2 return such as Divorce, investment income, multi-state work, moving between states during the year, certain credits or deductions you may qualify for, or maybe you held 10+ different jobs with as many W-2s. Those complexities may add $65.00 each, to your price. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Drive For Uber/Lyft
This makes you an independent contractor, meaning you work for yourself. You will need to file a Schedule C to report your driving income. I can help you figure out what expenses you can take, and some you may have been missing.
Base Price: $225.00
+ Schedule C: $120.00
Minimum Charge Total: $345.00
Additional charge possible if you bring in a box of receipts for me to sort through. If you're organized and keep track of your monthly totals, it keeps the time required to prepare your return low which keeps the price low as well. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Have Brokerage Accounts With Yearly Activity
Interest, Dividend, and Capital Gains! Keeping your eggs in separate baskets is a great way to build wealth. But, those statements you can get when your investment accounts are really active can be ridiculously long.
Base Price: $225.00
+ Schedules B & D: $65.00
Minimum Charge Total: $290.00
This minimum is based on a moderately active brokerage account. If you have multiple accounts or have investments that require more complex calculations there may be an additional $65.00 for each level of complexity involved. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Own My Own Small Business
Congratulations, it's not always easy being your own boss!
Most small business start out as a Schedule C and can quickly grow into a Partnership, S-Corp, or even C-Corp. Starting out small with the Schedule C you can expect the following.
Base Price: $225.00
+ Schedule C: $120.00
Minimum Charge Total: $345.00
As you already know, owning your own business can be complex by itself. When you add in additional complexities such as SEP retirement accounts, inventory tracking, multi-state operations, numerous depreciable assets, or business tax credits. Those can each be a $65.00 addition to your price. Additional charge is also possible if you bring in a box of receipts for me to sort through. If you're organized and keep track of your monthly totals, it keeps the time required to prepare your return low which keeps the price low as well. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Have Rental Income
Being a landlord can be very rewarding in the long run. But, it takes a bit of extra work to make it run smooth. Building your network of trusted professionals including attorneys, contractors, lenders, realtors, and insurance providers is important. Adding in a trusted Tax Professional is one more relationship you may want to invest in.
Base Price: $225.00
+ Schedule E: $120.00/building
Minimum Charge Total: $345.00
One very important thing you can do when you are a landlord is maintain a separate bank account for each building you rent. Additional charge possible if you bring in a box of receipts for me to sort through. If you're organized and keep track of your monthly totals, it keeps the time required to prepare your return low which keeps the price low as well. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
A Family Member Passed Away And I Need To File For An Estate
This is already a difficult time and I am sympathetic to the situation you have arrived in. The easiest route to navigate this difficult time usually involves an attorney. I can work directly with your estate attorney to make sure the the filing requirement are met for the deceased taxpayer. When someone passes away there is usually two different filings that need to happen. A final individual return and an Estate or Trust return.
Final Individual Return
Base Price: $225.00
+
Estate or Trust Return
Base Price: $150.00
+ If Complex Trust: $200.00
Minimum Charge Total: $375.00 - $575.00
Additional complexities may exist within the individual filing such as self-employment income, rental income, investment income, and other special circumstances. Those complexities may increase the price in various ways. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Manage A Trust With A Yearly Reporting Requirement
Trusts can have yearly reporting requirements for various reasons. If you have previously filed trust returns, the best way to get an accurate price to to schedule a time for us to review those filings together.
Base Price: $150.00
+ Complex Trusts: $200.00
Minimum Charge Total: $350.00
Depending on the income sources for the trust such as business income, rental income, and investment income there may be some additions to the minimum charge. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Am In A Partnership With Others
Depending on the size of the company and number of partners, the price can vary.
Base Price: $450.00
Total Minimum Charge: $450.00
Additional charge possible if you bring in a box of receipts for me to sort through. If you're organized and keep track of your monthly totals, it keeps the time required to prepare your return low which keeps the price low as well. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Have an S-Corp Business
Depending on the size of the company and number of owners, the price can vary.
Base Price: $500.00
Total Minimum Charge: $500.00
Additional charge possible if you bring in a box of receipts for me to sort through. If you're organized and keep track of your monthly totals, it keeps the time required to prepare your return low which keeps the price low as well. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Have a C-Corp Business
Depending on the size of the company and whether you have a bookkeeper, the price can vary.
Base Price: $500.00
Total Minimum Charge: $500.00
Additional charge possible if you bring in a box of receipts for me to sort through. If you're organized and keep track of your monthly totals, it keeps the time required to prepare your return low which keeps the price low as well. THERE WILL NEVER BE A SURPRISE CHARGE, THE FINAL PRICE IS AGREED UPON BEFORE WORK IS STARTED.
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
My Tax Situation Is Complicated
Let's talk!
I have experience handling the following:
Multi-year filings(up to 10 years)
Divorced and/or separated taxpayers
Multi-state filing
Multiple business filings
Multiple rental buildings(20+ buildings)
K-1 income reporting
IRS Notices
Estate Tax - Form 706
Gift Tax - Form 709
Send me an email or give me a call to schedule a time to talk about your specific tax situation.
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
I Really Have No Idea. . . More Than One Of The Above Apply. . .
That's fine!
I can easily provide you with an accurate quote for service after a review of your two most recently filed returns. We can schedule a time for us to meet in person and I will do the two following. First, I will review and make notes to the accuracy of the returns. Checking for any missed expense, deduction, or credit, and let you know what could have been done differently if anything. Second, I can provide you with a quote to prepare your return moving forward, and potentially amend any unintentional errors or omissions found in past filing.
Send me an email or give me a call to schedule a time for us to meet!
Email - Jacob@farnesstaxprep.com
Phone - (414) 212-5587
Promotions!
For My New Clients - I will price match what you paid last year to have your tax return prepared and filed. (receipt required)
You will be informed what the full price would be without the promotion and what to expect your price to be in future years.
For My Valued Returning Client - You can secure an unchanging yearly rate with the successful referral of a new client that pays full price.
For every new client you refer, you will earn 1 additional year of unchanging prices.
If the new client utilizes the New Client Promotion you will receive half credit.
General Note - Unless you're paying less than 50% of your full price, your fee will never increase more than 5% in a year.
About Me
Hello, I'm Jacob Farness, and I've been specializing in tax return preparation since 2013. While initially a part-time endeavor, my dedication led me to embrace it as a full-time career in May 2022, bidding farewell to my eight-year stint in commercial driving.
Before 2022, I predominantly worked seasonally, focusing on the tax season between January and May to supplement my income. Since joining an esteemed accounting firm, my responsibilities have encompassed receiving and processing client information, formulating comprehensive tax returns, occasional client interactions for supplementary details, and ultimately delivering the final product to the firm's partners.
My ambition now is to foster lasting relationships with my own clientele. I aim to become the trusted advisor for my clients from the inception to the completion of their tax journey. To initiate this venture, I've commenced building my clientele through word-of-mouth recommendations, leveraging the trust established with family and friends.
Despite my dedication to the accounting firm, I refrain from direct advertising for my personal tax preparation business to avoid potential conflicts. Instead, I've established Farness Tax Prep in January 2024, aspiring to be your reliable Tax Professional for years to come. My commitment lies in offering clarity and expertise in navigating the constantly evolving tax code.
Over the years, I've encountered numerous queries on tasks as basic as completing new employment forms and calculating withholdings—issues the government assumes everyone can handle. My goal is to simplify these complexities and provide valuable insights to ensure your financial success.
Following my initial introduction, I'm delighted to share a significant milestone in my professional journey — I have successfully passed the rigorous three-part exams and am now an Enrolled Agent (EA). This credential enhances my ability to serve you with expertise and proficiency in tax matters. As an Enrolled Agent, I am authorized to represent you before the Internal Revenue Service (IRS), and I look forward to utilizing this expertise to navigate complex tax scenarios and optimize your financial outcomes.
My commitment to continuous improvement and staying abreast of industry changes is reflected in this achievement. As your trusted Tax Professional, I bring not only years of experience but also the knowledge and authority to address intricate tax challenges. This designation sets me apart, ensuring that I can provide you with comprehensive and informed guidance throughout the tax planning and preparation process.
Whether you're an individual navigating personal taxes or a business owner seeking strategic financial solutions, I am dedicated to delivering unparalleled service. Your financial success is my priority, and with my Enrolled Agent status, I am well-equipped to advocate for your interests in dealings with the IRS.
I look forward to embarking on this journey with you, offering tailored solutions, and fostering a relationship built on trust and excellence.