OUR SERVICES
Freedom Tax Service has over 18 years of experience providing professional accounting, tax preparation, and bookkeeping services to both individuals and business owners in and around the New Mexico Area. We are dedicated to our clients whether we are representing them in audits with the IRS or more transactional activities such as maintaining their financial record keeping. Our tax professionals are required to stay current on state and federal tax laws. Our mission is your satisfaction, with our number one policy being to provide exceptional customer service.
TAX PREPERATION
We provide tax services for individuals and small business owners. We assist sole proprietors in reporting all business income and expenses on a Schedule C attachment within their personal income tax return. If you run the business as an LLC and you are the sole owner, the IRS also allows you to use the Schedule C attachment.
BOI FORM
Freedom Tax offers assistance with the new BOI form that launched January 1, 2024. If you have an LLC or Corporation, it's REQUIRED to file a BOI form. You can be penalized up to $500/day with a maximum of a $10,000 fine and up to 2 years of prison time. The government is trying to discover money laundering or individuals involved in terrorism. This form only has to be filled out once for your business. Contact Freedom Tax for more information.
ACCOUNTING SERVICES
We provide business owners with financial insights based on information and data taken from their bookkeeping records. We work with individuals and business in various capacities including handling IRS audits, cashflow analysis and in assisting in creating financial growth strategies.
BOOKKEEPING
Allow Freedom Tax to support all of your businesses ongoing, transactional and administrative financial record keeping. Our professionals can act as your business back-office. We offer financial support in managing your payroll or maintaining and balancing your companies ledgers, accounts, and subsidiaries.
Payroll
We provide payroll services that calculate and deduct proper payroll taxes for each paycheck and assist with taxes on a federal, state, and local level. We can also assist with preparing and distributing employee tax forms as well, like W-2s and 1099s..
Life Insurance
We work with you to assess your insurance needs, budget, and planning goals. We provide rate quotes and coverage recommendations. We will assist with completion of application and other necessary paperwork.
CRS REPORTS
Freedom Tax follow all local CRS laws and regulations for CRS reporting. CRS is designed to prevent offshore tax evasion. It gives participating countries transparency about the financial assets that their residents hold offshore. Freedom Tax Services can help you navigate CRS reporting.
ITIN APPLICATIONS
Freedom Tax professionals can assist you with your ITIN application process or the renewal of your ITIN. All ITIN applications and renewals are FREE when you file your taxes with Freedom! Your ITIN may expire before you file a tax return in 2024. All ITINs not used on a federal tax return at least once in the last three years will expire on December 31, 2023.
IRS & STATE LETTERS
Always keep copies of any notices you receive from the IRS with your other tax records. The IRS sends official letters and notices by US mail. The IRS and State do not contact people by email, text, voicemail or social media to ask for personal or financial information. Beware of SCAMS.
TRANSLATION SERVICES
All representatives at Freedom Tax offer translation services of forms from Spanish to English or English to Spanish. If you have letters or correspondence from the IRS or anyone else and need help translating these documents, let us assist you.
NOTARY PUBLIC
Freedom Tax professionals are authorized to perform certain legal formalities, especially to draw up or certify contracts, deeds, and other documents. Notarization serves three purposes: To ensure the person signing a document is properly identified. To ensure the intended person signs the document of their own free will and, to ensure the transaction can be independently verified after the fact.
Merchant Services
We can provide your business with the processes and technology required to accept online and in-person debit or credit card payments, including from RFID (or “chip”) cards.
401K, IUL, & IRA
Are you considering a retirement account? We offer a range of options 401K, IUL, and IRA plans to help you secure your financial future. To learn more how we can assist you, please call us or fill out the form below. Your journey to a comfortable retirement starts here!
contact us with your Questions
Although we have listed many of our services, if you have a question that we haven't listed please call us and we will help you or refer you to who can.