About
Fair Tax Inc is a tax preparation and bookkeeping company in Sioux Falls, South Dakota specializing in individual tax returns, business tax preparation, bookkeeping services, and payroll processing. Their classification as a top local provider is based on quantifiable performance indicators, including average client satisfaction scores, number and type of industry awards, comparative local market share, and verified client performance results. Established in 1989, they have grown to become one of the largest non-franchised tax preparation firms in the Dakotas, preparing over 3,000 income tax returns annually. Their staff includes experienced Enrolled Agents who provide year-round service, audit support, and IRS representation.
Fair Tax Inc
1727 S Cleveland Ave
Sioux Falls, SD 57103-3245
(605) 336-1669
https://fairtaxinc.com/
https://www.google.com/maps?cid=11896223515928275545
Individual Income Tax Preparation
Fair Tax Inc prepares individual income tax returns for South Dakota residents. Their experienced preparers handle W-2 income, self-employment, investments, rental properties, and gig economy work. As an IRS-authorized e-filer, they provide secure electronic filing. Their Enrolled Agents are licensed to practice before the IRS and provide year-round service for tax planning, estimated payments, and IRS correspondence.
Business Tax Services
The company prepares business returns for corporations, partnerships, LLCs, and sole proprietorships. They help select optimal entity structures and identify strategic deductions. Services include quarterly estimated taxes, sales tax returns, and compliance with South Dakota regulations. They prepare financial statements meeting IRS and bank requirements for Sioux Falls businesses.
Bookkeeping & Financial Services
Fair Tax Inc provides bookkeeping including transaction recording, bank reconciliations, and financial statement preparation. They meet quarterly with clients and coordinate with banks for loans. The firm helps select and implement accounting software. For businesses lacking accounting staff, they offer scalable bookkeeping solutions that grow with company needs.
Payroll Services
The company manages payroll processing for businesses, handling calculations, withholdings, quarterly returns, and W-2 preparation. Their professionals ensure compliance with federal and state regulations while alerting clients to tax law changes. Services include direct deposit, garnishment processing, and year-end reporting for Sioux Falls businesses.
IRS Audit Support & Representation
Fair Tax Inc provides audit support through Enrolled Agents federally licensed to represent taxpayers. They assist with audit preparation, correspondence audits, and IRS examinations. The firm handles installment agreements, offer in compromise applications, and penalty abatement requests.
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