Services

Tax Services

We have the expertise and knowledge you're looking for in a tax professional and can help you navigate your options.

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Tax Problem Resolution

Let our team of experienced tax relief experts help you find the light at the end of the tunnel.

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For Small Businesses

Establish greater profitability and business efficiency.

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For Individuals

Worry-free financial management for you and your family.

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Additional Services We Offer

At FasTax Inc., our mission is to to help you maintain financial stability today while proactively planning for tomorrow. That’s why we offer a range of additional services designed to support your growth and success:

Entity Selection and Restructuring – choose the right setup or make changes as life and business needs evolve.

Employee Benefits, Pension, and Profit-Sharing Plans – create smart strategies for your team and your own future.

Financial Projections and Forecasts – gain clarity and confidence about what’s ahead.

Mergers, Acquisitions, and Sales – expert support during major transitions.

Debt and Finance Advising – strategies for individuals and businesses to manage, reduce, and optimize debt.

International Taxation – ensure compliance while maximizing opportunities across borders.

If you’d like to explore any of these services, book a free consultation and let’s talk about your goals.

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Mistakes Hampton Roads Taxpayers Should Avoid When Filing For a Federal Tax Extension

Key TakeawaysA federal extension provides six extra months to file, but all taxes owed must still be paid by the April 15th deadline to avoid penalties and interest. For 2026, the IRS assesses a 0.5% monthly failure-to-pay penalty plus 7% annual interest...

s the Self-Employment Tax Credit Real? And Other Tax Scams Hampton Roads Taxpayers Should Watch For

Key TakeawaysToday’s tax scams look professional, sound convincing, and are built to get your Social Security number, filing credentials, or signature on a bad return. A big refund promise is one of the clearest warning signs of a scam. You are responsible...

Will the IRS Ever Call You On the Phone? 6 Tax Scams for Hampton Roads Taxpayers to Avoid

Key TakeawaysThe IRS does not initiate first contact by phone, text, email, or social media. Initial contact is generally made by mail. A message demanding immediate payment, threatening arrest, or asking for gift cards, crypto, or banking information is a...

FasTax Inc.’s Top 4 Reasons For Filing a Tax Extension

Key TakeawaysA federal tax extension gives you until October 15 to file your individual return, but it does not extend the time to pay tax due. Filing an extension makes sense when your return would otherwise be incomplete or inaccurate. You should consider...

How Do Taxes for Freelancers and Hampton Roads Gig Workers Work?

Key TakeawaysIf you had freelance or side gig income in 2025, you report it on Schedule C. If your net profit is $400 or more, you also file Schedule SE for self-employment tax. Even if you never receive a 1099, your freelance or side gig income is still...

How Long Should My Tax Refund Take? What Hampton Roads Taxpayers Can Expect

Key TakeawaysMost federal tax refunds are issued within 10–21 days after the IRS accepts your e-filed return. E-filing with direct deposit is the fastest method, usually delivering refunds within about three weeks. Returns claiming credits like the Earned...

Are IRA Contributions Deductible for Hampton Roads Savers?

Key TakeawaysTraditional IRA contributions may be deductible, depending on your income, filing status, and whether you or your spouse are covered by a workplace retirement plan Roth IRA contributions are not deductible, but qualified withdrawals in retirement are...

Hampton Roads Taxpayers Filing in 2026: When Should You Hire An Accountant For Taxes?

Key TakeawaysIf your return is truly simple (one W-2, standard deduction, no investments or side income), tax software may be sufficient. If you have self-employment income, rentals, investments, multi-state issues, or major life changes, filing with a...

How Much Do I Have To Make To File Taxes With My Hampton Roads Tax Preparer?

Key Takeaways For the 2025 tax year, a single taxpayer under age 65 generally does not need to file if total income is below $15,750 (assuming no special circumstances apply) Certain types of income, like self-employment income or taxable Social Security,...

How Do Trump Accounts Work For Hampton Roads Kids?

Key TakeawaysTrump Accounts are long-term, tax-deferred savings accounts designed specifically for children Parents or guardians manage the account until the child turns 18, after which the child takes over Certain children (especially those born between...

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