PROFESSIONAL TAX FIRM

PRIMA TAX

Maximize tax benefits and minimize tax liability allowed by the law

Founded and headed by a CPA, PrimaTax is a Dallas-based tax firm that offers tax preparation, tax planning, and tax consulting services to individuals and businesses. We can serve our clients remotely throughout the USA and we are ready to assist you in your international tax needs. Our licensed CPAs and tax professionals have many years of in preparing personal and business tax returns, tax planning, tax consulting, expatriate taxes, international tax compliance, IRS audit representation, and IRS tax problem resolution

PrimaTax offers expert tax solutions for individual and businesses

Tax return preparation

While preparing your own tax return may sound like a good way to save money, it often ends up costing you in the long run. According to a study released by the US Government’s General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer. While tax software offers some assistance, there’s no substitute for the real-world experience of a qualified professional when it comes to tax preparation.
Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. At Merit Tax we know that reliable and effective tax preparation is the foundation for building a strong financial future for your family or business. Our CPA and tax team use our extensive knowledge of federal and state tax regulations to maximize your refund as much as possible. We specifically focus on lowering your tax liability and increasing your deductions to put more money back in your pocket.

We also prepare tax returns for all types of businesses including sole proprietors, partnerships, limited liability companies, corporations, and non-profit 501C entities. We can also handle multi-state taxes for businesses with locations in more than one state. We provide tax services to an array of industries including information technology, medical practices, pharmaceuticals, construction, retail, hospitality, real estate, and many others. Our focus is on helping the closely held business navigate the complex tax laws and minimize the amount of taxes they pay and keep that money in the business to help it grow.

Tax Planning & Consulting

In today’s complex, ever-changing tax environment, you need guidance and creativity from knowledgeable professionals who identify and implement tax planning strategies that limit present and future tax liabilities. We provide expert tax planning for high-net-worth individuals, ensuring they get the most out of their hard-earned income. Our experienced team of tax professionals knows that proper tax planning requires a thorough understanding of each client’s unique objectives, plans, and opportunities. That is why we take a proactive approach to ensure compliance requirements are fulfilled while every opportunity to minimize tax liabilities is examined. We keep clients informed about new and developing tax issues and provide innovative solutions to help them achieve their business and financial objectives.

IRS Audit Representations

Many taxpayers decide to handle a tax audit themselves and discover they may have been "penny wise," avoiding a representative's fee, but "pound foolish," because they received a substantial bill for a significant tax deficiency. IRS Auditors are trained to extract more information from you than you have a legal obligation to provide. IRS Auditors know that most people fear them and are ignorant of their rights. As a result, they know they can use that fear and ignorance to their advantage. Rarely do our clients even have to talk with the IRS. We handle it all for you so that you do not need to take time off of your business or job to handle the bureaucracy and paperwork of the IRS. No lost wages or business. You simply forward a notification of an audit to us and we handle it from A to Z.

Expat Tax Returns

If you're planning a move abroad, or you're already an expatriate, you have more to think about than adjusting to a new culture. Although it may be tempting, you must not ignore your U.S. taxes. Every U.S. citizen - regardless of whether they are living in the U.S. - must file a tax return with the federal government. Although the IRS offers numerous deductions, credits, and exclusions to expats, taking advantage of them is not straightforward. Some exclusions vary by country, while others can only be claimed for a portion of the year. In addition, each requires supporting forms and worksheets, which can be more than cumbersome to prepare. Let us help you navigate the tricky waters of U.S. taxes for expats. Give us a call or send us an email today - and use more of your money to enjoy your life abroad. We file the FBAR form for individuals who had above a certain threshold in a foreign account. We also provide streamed filing procedures .The Internal Revenue Service announced major changes in its offshore voluntary compliance programs, providing new options to help both taxpayers residing overseas and those residing in the United States. These changes will provide thousands of people a new avenue to come into compliance with their U.S. tax obligations. The expanded streamlined procedures are intended for U.S. taxpayers whose failure to disclose their offshore assets are non willful. We also help clients minimize tax, whether they’re U.S. citizens with interests overseas, non-resident aliens with business operations in the United States, or high net-worth non-residents with investments in U.S. real estate