General Services

 

1: What is my tax preparer's background?

 

Rose Mansoori, Ower/Tax Preparer/Bookkeeper,

Bachelor of Science in Business Administration with a major in Accounting,18+ Years of Bookkeeping, budgeting, tax preparation, and financial consulting experience,

Enrolled Agent federally licensed by the IRS, Served more than 400 clients nationwide on their tax needs,

Registered PTIN holder by the IRS,

Tax firm RoseWise Tax Solutions is an e-file provider authorized by the IRS.

We believe clients should know who is preparing their return and what qualifications that professional holds.

 

2: Are you a seasonal tax firm or available year-round?

 

We are available year-round to assist with your tax needs. While tax season is our busiest time of year, we provide ongoing support for tax preparation, tax questions, amended returns, prior-year filings, tax notices, and tax planning services throughout the year.

 

3: What should I expect when working with you?

 

We make the tax preparation process simple, organized, and secure. Once you become a client, you will receive:

Service Agreement – Outlines the scope of services, responsibilities, fees, and terms of our engagement.

Secure Portal Invitation – Gives you access to our secure client portal for uploading documents, completing questionnaires, reviewing information, and communicating with our team.

 

Our goal is to provide a clear process from onboarding through preparation, review, and filing.

 

4: Where can I get my tax return prepared?

 

You can have your tax return prepared through our firm either remotely or in person, depending on the services and appointment options available. We use a structured process to collect your information, review your documents, prepare your return, and obtain your approval before filing.

 

5: Who can prepare my federal tax return?

 

A paid federal tax return preparer generally must have a valid IRS Preparer Tax Identification Number (PTIN). Tax professionals may also hold credentials such as Enrolled Agent (EA), Certified Public Accountant (CPA), or attorney. Each credential has different requirements and representation rights. 

 

6: How much does it cost to have my tax return prepared?

 

See details on the " Service & Price " on this website

 

7: What documents do I need to prepare my tax return?

 

The documents you need depend on your individual circumstances. Common documents may include W-2s, 1099s, mortgage interest statements, investment statements, retirement income documents, education expenses, charitable contribution records, business income and expense records, rental property information, and prior-year tax returns.

After onboarding, we provide a checklist based on your tax situation.

 

8: Can I prepare my tax return online with a tax professional?

 

Yes. We offer a remote tax preparation process that allows you to securely provide your documents and information, communicate with your tax professional, review your completed return, and complete the necessary authorization and filing steps electronically.

 

9: How long does it take to prepare a tax return?

 

The preparation time depends on the complexity of the return and how quickly we receive complete and accurate documentation. Once we have all required information, 72 hours timeline.

 

10: Can you electronically file my tax return with the IRS?

 

Yes, when the return is eligible for electronic filing and all required authorization and documentation have been completed. We will review the return with you before submission.

 

11: Can you help me with both federal and state tax returns?

 

Yes. We can assist with federal and applicable state income tax returns based on your tax situation and the states in which you have filing obligations.

 

12: Can you prepare prior-year tax returns?

 

Yes. We can assist with eligible prior-year tax returns. Prior-year filings may require additional documentation, and the process and fees may differ from a current-year return.

 

13: Can you help if I have not filed my taxes for several years?

 

Yes. We can help you understand what returns may need to be filed and organize the information needed to address your outstanding tax filings. We will review your situation and explain the next steps before proceeding.

 

14: Do you provide individual tax return preparation?

 

Yes. We provide individual tax return preparation for taxpayers with a variety of income sources, deductions, credits, and tax situations.

 

15: Do you prepare tax returns for self-employed individuals?

 

Yes. We assist self-employed individuals with reporting business income and expenses and preparing the applicable federal and state tax forms.

 

16: Do you prepare tax returns for small-business owners?

 

Yes. We can assist small-business owners with tax return preparation and reporting requirements based on the business structure and nature of the business.

We also offer bookkeeping service for small-business owners, your books will be ready for tax preparation.

 

17: Do you prepare tax returns for independent contractors and 1099 workers?

 

Yes. We can help independent contractors and other 1099 workers properly report their income and identify applicable business expenses and deductions.

 

18: Do you prepare tax returns for rental property owners?

 

Yes. We can assist rental property owners with reporting rental income and expenses and preparing the applicable tax forms and schedules.

 

19: Do you prepare tax returns for taxpayers with investments or cryptocurrency?

 

Yes. We can assist taxpayers with investment and cryptocurrency reporting, 1099-DA will be required if you have digital assets according to new tax law.

 

20: Do you prepare amended tax returns?

 

Yes. We can assist with amended federal and, when applicable, state tax returns. Before preparing an amendment, we will review the original return and the circumstances requiring the correction.

 

21: Do you help with IRS notices?

 

Yes. We can review IRS correspondence with you and explain what the notice means, what information may be required, and what potential next steps are available. The scope of assistance depends on the nature of the notice and your engagement with our firm.

 

22: Do you help with IRS audit?

 

Yes, We can assist with an IRS examination to the extent permitted by our credentials and engagement. If representation before the IRS is required, the individual handling the matter must have the appropriate representation rights. Enrolled Agents, CPAs, and attorneys generally have unlimited representation rights before the IRS. 

 

23: Do you provide tax planning services?

 

Yes, when  included in our service offerings. Tax planning may include reviewing your current tax situation, identifying potential tax considerations, and discussing strategies that may apply to your circumstances.

 

24: Can I meet with a tax preparer in person?

 

Yes, in-person appointments are available in our DFW TX area.

 

25: Do you offer virtual tax preparation?

 

Yes. Our virtual process allows clients to provide documents securely, communicate with our team, review their tax return, and complete the preparation process remotely.

 

Choosing a Tax Professional

26: How do I choose a tax preparer?

 

Consider the preparer's credentials, experience, availability, services offered, fees, security practices, and ability to communicate with you after your return has been filed. The IRS recommends checking a preparer's credentials and ensuring that a paid tax preparer has a valid PTIN.

 

27: Is my tax preparer required to have a PTIN?

 

Generally, yes. Anyone who prepares or assists in preparing federal tax returns for compensation must generally have a valid IRS PTIN, subject to limited exceptions. 

 

28: What qualifications does my tax preparer have?

 

Rose Mansoori, Ower/Tax Preparer/Bookkeeper,

Bachelor of Science in Business Administration with a major in Accounting,18+ Years of Bookkeeping, budgeting, tax preparation, and financial consulting experience,

Enrolled Agent federally licensed by the IRS, Served more than 400 clients nationwide on their tax needs,

Registered PTIN holder by the IRS,

Tax firm RoseWise Tax Solutions is an e-file provider authorized by the IRS.

We believe clients should understand who is preparing their return and what qualifications that professional holds.

 

29: Are you an Enrolled Agent, CPA, or attorney?

 

I am an Enrolled Agent, 

An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years.

Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before. Learn more about enrolled agents in Treasury Department Circular 230 

 

What an Enrolled Agent can do

• Prepare and advise on federal tax returns.

• Represent you in IRS audits, collections, and appeals.

• Help resolve tax debts and filing problems.

• Advise individuals and businesses on federal tax matters.

 

Unlike CPAs and attorneys, EAs specialize specifically in taxation, and their IRS representation rights are generally unlimited nationwide.

 

30: Can you represent me before the IRS?

 

Yes

 

31: How can I verify a tax preparer's credentials?

 

Rose Mansoori’s info on IRS public search

https://irs.treasury.gov/rpo/rpo.jsf

Choose last name Mansoori, and Enrolled Agent box checked

 

32: Will you be available after my tax return is filed?

 

Yes. We are available year-round to answer questions and provide assistance related to your tax return and other services included in your engagement.

 

33: Will you review my tax return with me before I sign it?

 

Yes. We encourage clients to review their completed tax return before it is filed. We will explain relevant items and address reasonable questions so you understand what is being reported.

 

34: How do you protect my tax and personal information?

 

We take the security and confidentiality of your tax and personal information seriously. We use secure processes and a secure client portal for document exchange and communication where applicable. Clients should never send sensitive tax documents through unsecured channels (by message or email).

 

Refunds & IRS Notices

 

35: How long will it take to receive my tax refund?

E-file with Direct Deposit: About 3 weeks (21 days).

E-file with Paper Check: Up to several weeks longer than direct deposit.

Paper Return (Mailed): 6 weeks or more from the date the IRS receives it.

 

36: Can you check the status of my tax refund?

 

We can help you understand how to check your refund status and interpret available IRS information. 

 

37: Why is my tax refund delayed?

 

Refunds can be delayed for many reasons, including errors or missing information, identity verification, additional IRS review, amended returns, certain tax credits, or other processing issues. The IRS determines when a refund is released.

 

38: Can you help me if the IRS is holding my refund?

 

Yes. We can review the information available to you and help explain the issue and potential next steps, subject to the scope of your engagement.

 

39: What happens if the IRS asks me to verify my identity?

 

Follow the instructions in the IRS correspondence and complete the identity verification process through the IRS's designated process. If you need assistance understanding the notice or next steps, we can help explain the information and documentation involved.

 

40: What should I do if the IRS sends me a notice?

 

Do not ignore it. Provide us with a complete copy of the notice as soon as possible. We can review the correspondence and explain what it means and what action may be required.

 

Families & Individuals

 

41: Can you help me claim the Earned Income Tax Credit?

 

Yes. If you may qualify for the Earned Income Tax Credit (EITC), we can review your information and determine whether you meet the applicable requirements.

 

42: Can I claim my child as a dependent?

 

Eligibility depends on several factors, including the child's relationship to you, age, residency, support, and other applicable tax rules. We can review your circumstances and determine whether the dependency requirements are met.

 

43: Who can claim a child as a dependent when parents are separated?

 

Special rules may apply when parents are divorced, separated, or living apart. We will review the applicable circumstances and documentation to determine how the dependency and related tax benefits should be reported.

 

44: Can I file Head of Household?

 

You may qualify for Head of Household filing status if you meet the applicable IRS requirements. We can review your living situation, household expenses, dependents, and other relevant information to determine the appropriate filing status.

 

45: Can I claim the Child Tax Credit?

 

Eligibility depends on your income, filing status, qualifying child, and other IRS requirements. We can review your information and determine whether you may qualify for the credit.

 

Self-Employed/Investments/Homeowners

 

46: How do I file taxes if I am self-employed?

 

Self-employed taxpayers generally report business income and deductible business expenses on the appropriate tax forms. Your filing requirements depend on the type of business, income, expenses, and other circumstances.

 

47: How do I report 1099 income?

 

1099 income generally needs to be reported on your tax return. The appropriate reporting depends on the type of 1099 and the nature of the income.

 

48: What expenses can a self-employed person deduct?

 

Potentially deductible business expenses must generally be ordinary and necessary for the business and meet applicable tax requirements. Examples may include certain business supplies, professional services, advertising, business-use vehicle expenses, and other qualifying costs.

We recommend maintaining organized records and receipts to support business expenses.

 

49: Do I need to make estimated tax payments?

 

Self-employed individuals may need to make estimated federal and state tax payments during the year. Whether estimated payments are required depends on your income, withholding, tax liability, and other factors.

We can review your situation and help you determine whether estimated payments should be considered.

 

50: Can you prepare Schedule C?

 

Yes. When applicable, we can prepare Schedule C to report income and expenses from a sole proprietorship or other qualifying business activity.

 

Homeowners

51: What tax deductions are available to homeowners?

 

Potential tax benefits depend on your individual circumstances. Certain homeowners may qualify for deductions or credits related to mortgage interest, real estate taxes, home-office use, or other qualifying expenses.

 

52: Can I deduct mortgage interest?

 

Mortgage interest may be deductible when applicable IRS requirements are met. Eligibility can depend on factors such as the type of loan, use of the property, amount of debt, and filing circumstances.

 

53: Can I claim a home-office deduction?

 

Self-employed individuals may qualify for a home-office deduction if they meet the applicable IRS requirements. We can review your business use of the home and determine whether the deduction may apply.

 

Investments & Cryptocurrency

54: How do I report stock sales on my tax return?

 

Stock sales generally need to be reported to the IRS. Reporting typically involves the sale proceeds, cost basis, holding period, and resulting gain or loss. We can assist with reviewing your investment statements and reporting eligible transactions.

 

55: How do I report cryptocurrency transactions?

 

Cryptocurrency transactions may have federal tax reporting requirements. Depending on the transaction, you may need to report sales, exchanges, payments, or other taxable events. We can assist with the tax reporting process when you provide complete and accurate transaction records.

 

56: How are capital gains taxed?

 

Capital gains taxation depends on several factors, including the type of asset, how long it was held, your income, filing status, and other applicable tax rules. We can review your investment transactions and explain how the applicable gains and losses are reported on your tax return.

 

57: I own an LLC in Texas. What tax returns do I need to file?

 

The tax returns an LLC needs to file depend on the number of members, federal tax classification, business activities, and other circumstances.

Sources from the IRS

https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies?utm_

https://www.irs.gov/businesses/small-businesses-self-employed/llc-filing-as-a-corporation-or-partnership?utm_

 

58:  What areas does RoseWise Tax Solutions serve?
RoseWise Tax Solutions serves clients throughout the Dallas–Fort Worth area, including Dallas, Prosper, Frisco, Plano, North Dallas, Richardson, Allen, Garland, McKinney, Princeton, Celina,  Carrollton, The Colony,  Lewisville, Little Elm, Aubrey, Pilot Point and surrounding communities. Remote tax preparation and bookkeeping services are also available for clients outside the DFW area.

 

Our Commitment

 

Our goal is to make tax preparation organized, transparent, secure, and understandable. We take the time to review your information, identify applicable tax reporting requirements, and explain your return before filing.

Because tax laws and individual circumstances change, the information provided in this FAQ is general in nature and should not be considered individualized tax advice. Your actual tax treatment depends on your specific facts and circumstances.