Akron Income Tax Co.

Akron Income Tax Co. prepares personal and business tax returns from its office in Akron, Ohio, and has done so since 1982. It files federal returns for individuals on Form 1040, for partnerships on Form 1065, and for S and C corporations on Forms 1120. It also prepares returns for non-profit organizations on Form 990. Ohio state and Akron city returns are prepared alongside the federal return, and the firm says both are included when the federal return is filed with it.

Three ways to hand over a return

Clients can choose how they want to work with the office. They can book a private appointment in the office, drop their papers off at any time, or send their information in and file remotely from home. The firm says a return prepared at an appointment is usually finished during the visit and ready to sign, and it puts that figure at 98 percent of appointment returns. Drop-off and remote returns are completed within three days, and in many cases same-day or next-day filing is available.

What the 1040 return covers and where rental income fits

The firm's notes on the 1040 explain that anyone whose income is above a set limit has to file. Taxable income includes wages, salary, capital gains, social security benefits, pensions and taxable interest. The 1040 has sections that work out adjusted gross income, and from that figure the return shows whether a refund is due or a payment must be made. Some filers also qualify for the earned income credit. Not every return needs the same information, and some situations call for additional forms.

Rental income is taxed at federal level too, but the firm says it complicates a return because it works differently from a salary. Items such as expenses paid by tenants need to be recorded correctly, and the firm checks them as part of the preparation. Stock sales and other complex cases are also handled separately and quoted on their own.

Bookkeeping and business work for local firms

Small businesses are the firm's stated area of expertise. Alongside tax returns it offers bookkeeping, accounting and business consulting for small and medium-sized companies across the Greater Akron area. The firm says it reviews previous returns, recommends ways to reduce a client's liabilities, and watches for changes in the law. It checks IRS and state updates each day so that its advice matches the current rules.

Local base and reputation

The office serves Akron itself and nearby communities including Mogadore, Green, Uniontown and Barberton, as well as Summit County. It presents itself as the nearest tax office for those communities. The firm cites a 4.8-star Google rating and a long run of referrals from families and small businesses as evidence of its record.