Tax Preparation in Plano, TX
Plano households earn a median income of roughly $95,000, well above the national average. That higher income often comes with complexity: stock compensation from employers like Toyota, JPMorgan, or Liberty Mutual, rental property income from the booming North Texas market, and side businesses launched along the Legacy West corridor. A basic tax return rarely covers what Plano residents actually need.
Our Services
Our Tax Preparation Services for Plano Clients
Every engagement starts with a one-on-one review of your financial situation. Al personally prepares and reviews each return. Here is exactly what you receive:
- Individual returns (Form 1040): W-2 income, investment gains, retirement distributions, itemized deductions for Plano homeowners, and education credits for families near the Texas A&M Plano campus
- Self-employment and Schedule C returns: Business income and expense reporting for Plano freelancers, consultants, and sole proprietors, including home office deductions and quarterly estimated tax reconciliation
- S-Corp and partnership returns (1120S/1065): K-1 preparation, multi-member allocation, and reasonable compensation analysis for Plano business owners structured as pass-through entities
- Stock compensation review: RSU, ISO, and ESPP reporting for employees at Plano corporate headquarters like Toyota, Ericsson, and Liberty Mutual
- Texas Franchise Tax filing: Annual margin tax return and Public Information Report for every Plano business entity required to file with the Texas Comptroller
- Prior-year and amended returns: Corrections and catch-up filings for Plano clients who missed a deadline or received an IRS notice
Why Plano Businesses and Residents Choose AG Freideman
Personal attention from a licensed CPA. Al Freideman handles every client himself. Plano professionals who have been shuffled between junior associates at larger Dallas-area practices come to us because they want one CPA who knows their situation year after year.
30+ years of experience across industries. Many Plano clients earn income from multiple sources: a corporate salary at a Legacy West employer, a rental property in West Plano, and a consulting side business. Al has prepared thousands of multi-source returns and knows which deductions less experienced preparers miss.
Virtual appointments that fit your schedule. Our Preston Road office is a short drive south of Plano, but most clients handle everything remotely. You upload documents securely, we prepare your return, and we review it together over video or phone. No time lost in traffic on the Dallas North Tollway.
Transparent pricing with no surprises. Individual returns start at $450 for a basic 1040 and $550 for itemized returns. S-Corp returns range from $1,000 to $2,000 depending on complexity. We quote your fee before we begin, and that is the price you pay. Our 52 five-star Google reviews reflect clients who value that honesty.
Tax Preparation Questions from Plano Clients
How much does tax preparation cost in Plano?
At AG Freideman, a basic individual return (Form 1040 with no itemized deductions) runs $450 to $600. Itemized returns with Schedule A and additional credits range from $550 to $650. Schedule C sole proprietor returns cost $750 to $1,200, and S-Corp or partnership returns range from $1,000 to $2,000. We provide your exact quote before any work begins.
When should a Plano taxpayer hire a CPA instead of using software?
If your return involves stock compensation from a Plano employer, rental income, self-employment, or an S-Corp, the risk of errors in DIY software outweighs the cost of a CPA. A licensed CPA also identifies deductions that software cannot evaluate in context, such as whether to itemize Plano property taxes or take the standard deduction. The difference in tax owed often exceeds the preparation fee.
Do Plano residents pay state income tax?
No. Texas has no state income tax, so Plano residents file only a federal return for personal income. However, Plano business owners may owe Texas Franchise Tax (the state’s margin tax) if their total revenue exceeds the no-tax-due threshold. That return is due to the Texas Comptroller by May 15 each year.
What documents do I need to bring to my tax appointment?
For most Plano clients, we need W-2s from employers, 1099 forms for investment or freelance income, mortgage interest statements (Form 1098), property tax records from Collin County, prior-year returns, and any IRS correspondence. If you have stock compensation, bring your brokerage statements showing RSU vests or ESPP sales. We send a personalized checklist after you book.
Can I file my Plano business return and personal return together?
They are separate filings, but we prepare both and coordinate them so the numbers align. For S-Corp owners, we prepare your business return (Form 1120S) first, generate your K-1, and then carry that income into your personal 1040. Bundling both with one CPA eliminates the errors that happen when two different preparers handle each return independently.
What if I receive an IRS notice after filing?
We provide IRS representation at $200 per hour for audit defense, back taxes, and penalty abatement. If a notice relates to a return we prepared, we handle the response directly with the IRS on your behalf. Plano clients are never left to deal with the IRS alone.
Get Started from Anywhere in Plano
Whether you are in Legacy West, West Plano, or anywhere in between, we make tax preparation simple. Book a free, no-obligation consultation at agfreideman.com/meeting/ or call (972) 893-3481. You will speak directly with Al Freideman, review your situation together, and receive a clear quote before we begin. Upload your documents securely from home, and we handle the rest. Plano clients across every zip code trust AG Freideman for tax preparation because we deliver personal attention, transparent pricing, and 30 years of expertise on every return.
Visit Our Office
Address: 17304 Preston Rd Ste 861, Dallas, TX 75252
Phone: (972) 893-3481
We also offer virtual appointments for clients throughout the DFW metroplex who prefer to meet remotely.
Book a Meeting"I had worked with the same accountant for more than 10 years, so finding a new one was a significant decision. While my previous accountant did a great job, they were located out of state, and I wanted someone local…"
Ready to Get Started?
Book your free consultation with Al Freideman, CPA. 30+ years experience serving Dallas-Fort Worth.