Expert Individual Tax Preparation Services | Lakeline Tax

We believe you should not pay more on taxes than you owe. At Lakeline Tax and Bookkeeping Services, as your trusted advisor for individual tax preparation, we evaluate your tax situation and guide you through any tax challenges that develop. Our goal is to minimize your tax liability so that you can keep more of your hard-earned money and make filing your personal tax returns easy, secure, and accurate. 
individual tax preparation

Let US put MORE money in YOUR pocket

As your trusted advisor, we evaluate your individual tax situation and guide you through any tax challenges that develop. Our goal is to minimize your tax liability so that you can keep more of your hard-earned money.

It’s also our job to stay up-to-date on current federal and state tax laws through continuing education and we use our in-depth knowledge of tax codes for your individual tax preparation so you don’t miss out on any tax credits and deductions that you are entitled to take.

We Are Here To Assist

Our team of tax experts can help take the burden off your shoulders and we will answer any questions you may have. We’ll prepare your federal and state tax returns for you, so you can focus on what’s important to you. 

So why wait? Get started today and take the first step to a stress-free tax season!

Tax Season is Just Around the Corner.

We handle all aspects of Individual Tax preparation including: 
  • Tax planning advice on potential savings: Explore expert tax planning advice tailored to maximize potential savings. Our seasoned professionals will guide you through strategic financial decisions, ensuring you optimize your tax liabilities while securing a brighter financial future.

  • Individual income tax planning, projections, preparation, and compliance: From meticulous planning and accurate projections to precise preparation and compliance, our experts provide comprehensive support. 

  • Tax-loss carry forward: Maximize your tax deductions by utilizing the special rule allowing the carry forward of capital losses from one year to the next. Our team of professionals specializes in optimizing this strategy to enhance your financial outlook and minimize your tax liability.

  • Capital Gains: Capital gains can be offset with tax losses, and our experts specialize in identifying opportunities to minimize your tax liability, ensuring you make the most of potential gains while optimizing your overall financial position.

  • Potential Deductions: Uncover valuable deductions, including medical expenses, with our thorough examination of your financial scenario. Our tax experts meticulously analyze your situation to identify potential deductions, ensuring you maximize savings while staying compliant with tax regulations.

  • Tax credit programs and more: Discover a range of tax credit programs and more with our comprehensive services. Our team of Enrolled Agents is dedicated to identifying and leveraging applicable tax credits to optimize your financial benefits.

  • Federal tax returns for individuals: Streamline the process of filing your federal tax returns with our individual-focused services. We consistently refresh our knowledge on the ever-changing tax laws, so you can trust us to navigate the complexities of federal tax regulations on your behalf.

  • All 50 state tax returns: Effortlessly manage tax compliance across all 52 states with our comprehensive state tax return services. Our expert team navigates the intricacies of each jurisdiction, ensuring accurate and timely filings.

  • Foreign Bank and Financial Accounts (FinCEN 114): Stay compliant with Foreign Bank and Financial Accounts (FBAR) reporting. Our expert team guides you through the FBAR process, ensuring accurate disclosure of overseas accounts to meet regulatory requirements.

  • Military personnel and families: Simplify tax matters for military personnel and families with our specialized services. From navigating unique tax considerations related to deployments to maximizing applicable credits, our dedicated team is here to support the financial well-being of those who serve.

  • Rental property income: Optimize your rental property income with our expert guidance. Whether you’re a seasoned investor or a first-time landlord, our services cover comprehensive tax planning, accurate income reporting, and strategic deductions.

  • Employee stock options, RSU, ESPP, and Cryptocurrency: Navigate the complexities of employee stock options, RSUs, ESPPs, and cryptocurrency with confidence. Our tailored services provide strategic guidance on tax implications, maximizing your benefits. Trust our experts to help you make informed financial decisions in the dynamic landscape of employee incentives and digital assets.

  • Alternative minimum tax: Efficiently handle the Alternative Minimum Tax (AMT) with our expert assistance. We specialize in navigating the intricacies of AMT, ensuring compliance while optimizing your tax strategy. Trust us to minimize your tax liability and provide tailored solutions to meet your financial goals in the face of AMT considerations.

  • Net investment income tax: Navigate the landscape of Net Investment Income Tax (NIIT) with ease using our specialized services. Our team excels in crafting personalized strategies to ensure compliance, minimize tax liability, and enhance your overall financial position. Rely on us for expert guidance in optimizing your net investment returns amidst the nuances of NIIT.

  • Charitable contributions: Elevate the impact of your charitable contributions with our expert guidance. Our services go beyond the basics, providing strategic insights to maximize your tax benefits while supporting the causes you care about. Trust us to navigate the intricacies of charitable giving, ensuring your contributions make a meaningful difference both philanthropically and financially.

  • Quarterly estimated tax: Stay ahead of your tax obligations with our Quarterly Estimated Tax services. We help you navigate the process of estimating and remitting taxes every quarter, ensuring compliance and avoiding potential penalties.

  • Tax returns for self-employed individualsEmpower your self-employed journey with our specialized tax return services. Our expert team understands the unique challenges faced by freelancers, entrepreneurs, and independent contractors.

  • Electronic Filing: Experience seamless and efficient tax filing with our Electronic Filing services. Our user-friendly, secure digital portal ensures a hassle-free submission process, saving you time and reducing the risk of errors.

  • Filing back taxesResolve past tax obligations with our expert assistance in filing back taxes. Our dedicated team will guide you through the process, ensuring accuracy and compliance, while we navigate the complexities of retroactive filings.

  • Tax audit representationNavigate tax audits with confidence using our expert representation services. Our seasoned professionals will skillfully guide you through the audit process, ensuring accurate documentation and effective communication with tax authorities. Trust us to safeguard your interests and provide a steadfast defense during any tax audit.

What we do:

We advise you on the best tax strategies, minimizing personal income taxes, and maximizing your refund. We save time and money by doing the heavy lifting for you.

We understand that preparing your own income tax returns can be a task that leaves you with more questions than answers. 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. Even if you use a computer software program, there’s no substitute for the assistance of experienced IRS Certified Enrolled Agents. 

We help individuals file their personal tax returns (including expatriate tax returns). We are experts when it comes to business owners, income from stock trading, stock options,  cryptocurrency, real estate, rental properties, and other NFT investments, which is where we can help you save money.

We make it our business to know all the latest and constantly changing tax rules inside and out. We’re constantly on the lookout for new laws we can use to reduce tax liabilities for our clients. We methodically review your paperwork, receipts, and past tax returns and employ tax strategies that will help you to retain more of your income.

Planning is the key to successfully and legally reducing your Business tax liability tax liability.  Learn more about tax-saving strategies to maximize your after-tax income.

When you become our client, you are paying for a tax preparation service that will pay you back. Most of our clients experience tax burden relief, as well as time saved and peace of mind. Our fees are often paid back through the reduced tax liability you will enjoy as part of our planning and legitimate tax savings strategies.

Audit response / IRS Representation – We will respond to all communication from the IRS

Charges for preparing individual tax returns vary depending on many factors, such as where you currently live, your income level, properties, marital status, businesses, investments, expense complexity, and various forms.

A rough estimate of hourly rates runs from $100-$400 for individual tax returns; generally, a fairly simple income tax return starts around $500-$800 and can go up to $1,500-$2,500 or more depending on the circumstances and complexity.

Anyone with an income of more than $100k can benefit from the services of an enrolled agent or tax consultant, from individuals to families, businesses, corporations, and organizations.

Most people would benefit from enrolled agents, but it’s especially important under certain circumstances. People who have complicated tax forms would benefit the most from these services.

For instance, if you run your own business, have an active investing portfolio, or work and live in different states, tax laws can be a lot to deal with, if not completely confusing. If you get income from rental properties, real estate transactions, stock options, self-employment incomes, and the like, you most certainly need a tax consultant.

Additionally, working hand in hand with a tax advisor can be a smart move if you go through a major life experience. For instance, if you get married, divorced, adopt a child, buy a home, or receive an inheritance, a tax advisor can help you navigate the financial complexities of these situations.

Tax consultants keep up with tax laws at the local, state, and federal levels, something you may find difficult to do yourself.

If you own a business, filing your taxes can be daunting, especially when you factor in things like sales taxes, which have to be returned several times annually. Attempting to handle your own tax filing might save you money now, but it could end up costing you significantly more in the long run.

With a professional tax advisor, you’ll have a better understanding of your tax deductions and you will be given advice about making strategic investments that will help you avoid tax liabilities. An expert tax consultant will not only advise you on how to effectively save on taxes, but also improve your financial portfolio.

Most people file taxes at the end of each year, and it takes a lot of effort to ensure that everything is filed correctly.

You’d be surprised at the number of people fined for making tax mistakes or penalized for not filing on time. With a tax consultant, you don’t have to go digging up all your files, and double-checking that everything is okay because they’ll do all that for you and on time. This means you can place your focus elsewhere.

Audits by the IRS can be random. If, by chance, your tax return gets audited, you won’t have to worry because a dedicated Lakeline Tax Enrolled Agent will be there to represent you and communicate with the IRS  on your behalf – included and covered at no extra cost.

  1. Save Time: Tax season is stressful enough – with Lakeline Tax, you can save time and have peace of mind knowing that your taxes are being handled by experts. We specialize in tax preparation and filing, and our team provides you with the best service possible.
  2. Save Money:

    Lakeline Tax offers competitive rates, so you can get your taxes done without overspending. We offer a transparent fee structure – there are no hidden fees or surprises. You’ll know exactly what you’ll owe before we start preparing your taxes.

  3. Get it Done Right: 

    If you’re not confident in your abilities to complete your taxes, we’re here to help. With Lakeline Tax, you can rest assured that your taxes will be prepared accurately and filed on time.

At Lakeline Tax…
  • We are IRS Certified Enrolled agents with more than 20 years of experience and knowledge of the latest tax laws like the backs of our hands.
  • 100% accuracy is guaranteed. We offer expert income tax preparation, prior-year tax preparation, amended income tax preparation, and tax planning services. 
  • We practice high security – as a valued client, you get a secure, password-protected portal to upload and access your important financial documents from anywhere at any time.
    Connect with us through the mobile-app and send messages securely within our tax portal.
  • We have your back year-round. We are not part-timers who swoop in to help only during the tax season.
  • We provide year-round service with tax preparation, tax planning, IRS representation, and bookkeeping.

Deciding whether a married couple should file taxes jointly or separately depends on their specific financial situation and tax considerations. Here are the key factors and implications of each filing status:

Filing Jointly


  1. Higher Income Thresholds: Generally, joint filers receive higher income thresholds for tax brackets and deductions, which can result in lower tax liability.
  2. Greater Deductions and Credits: Couples filing jointly are eligible for several tax benefits that are reduced or unavailable to those filing separately, such as the Earned Income Tax Credit, American Opportunity and Lifetime Learning Education Tax Credits, and the deduction for student loan interest.
  3. Simpler Process: Filing one joint return can be simpler and less time-consuming than preparing two separate returns.


  • Joint and Several Liability: Both spouses are equally responsible for the tax and any audits, penalties, or interest that might arise from the joint return, even if they later divorce.

Filing Separately


  1. Separate Tax Liabilities: Each spouse is only responsible for their own taxes, which can be beneficial if one has significant potential tax disputes or liabilities.
  2. Potential Benefit for High Medical Expenses: If one spouse has significant medical expenses, filing separately might be advantageous because deductions are limited to expenses exceeding 7.5% of adjusted gross income. If one spouse’s income is substantially lower, the threshold for deducting these expenses may be more attainable on a separate return.


  • Higher Tax Rates: Married filing separately often results in a higher tax rate than filing jointly.
  • Loss of Credits and Deductions: Many tax credits and deductions available to joint filers are reduced or disallowed for separate filers. This includes the loss of the ability to deduct contributions to a Roth IRA and traditional IRA phaseouts starting at lower income levels compared to joint filers.


  • Special Situations: Filing separately may be beneficial in cases involving separate financial lives, prenuptial agreements stipulating separate finances, or when one spouse does not want to be involved in the potential tax issues of the other.
  • Child-Related Deductions and Credits: Only one parent can claim child-related credits and deductions, such as the Child Tax Credit, and typically these benefits are more favorable on a joint return unless specific circumstances suggest otherwise.

Ultimately, the best way to determine whether to file jointly or separately is to calculate taxes both ways and see which results in a lower combined tax. Consulting with a tax professional can also provide personalized advice based on your specific financial circumstances and tax goals.

We constantly update our knowledge and keep ourselves current with the latest tax laws and develop new techniques to save our clients the most money on their taxes. Click here to check the Credentials and Qualifications for Tax preparation experts.

Lakeline Tax provides tax preparation services for everyone including Self-Employed Tax ReturnsBusiness Tax Preparation, Partnership & Corporate Taxes, Bookkeeping, Tax Planning, and Tax Resolution, serving Austin, Cedar Park, Leander, Liberty Hill, and surrounding cities, along with all 50 states. We utilize QuickBooks and are certified QuickBooks ProAdvisors. Get more done with us.