Thompson Tax Associates are accountants who care. With over 35 years of tax and accounting experience, we have assisted clients with virtually every aspect of personal income tax and business taxes including. Thompson Tax Associates provides income tax planning for both individuals and businesses in Montgomery County. We also provide planning for Estates and Trusts and assists clients with budget and spending planning.
Thompson Tax Associates has the foresight and experience of navigating the complexities of ever changing tax laws in trust and estate. We provide fiduciary tax services, estate tax returns, and gift tax returns. A long-time resident of Montgomery County, MD, and a graduate of VA Tech (1980), Marion Thompson came on full time with TTA in 1983. After additional study and more accounting classes, Marion earned her CPA designation in 1989.
Marion has been involved in many community and professional organizations. She was President of the Maryland Society of Accountants from 2007-2008 and currently serves on the Board of Trustees.
Thompson Tax Associates has the foresight and experience of navigating the complexities of ever changing tax laws in trust and estate. We provide fiduciary tax services, estate tax returns, and gift tax returns. A long-time resident of Montgomery County, MD, and a graduate of VA Tech (1980), Marion Thompson came on full time with TTA in 1983. After additional study and more accounting classes, Marion earned her CPA designation in 1989.
Marion has been involved in many community and professional organizations. She was President of the Maryland Society of Accountants from 2007-2008 and currently serves on the Board of Trustees.
Services
Thompson Tax Associates are accountants who care! Thompson Tax has over 35 years of tax accountant experience.
We have also assisted clients with almost every part of personal and business tax services and planning.
Whether you need income taxes prepared, accounting consultation, or detailed tax preparation, we can help make your finances easier to manage.
This allows you more time to focus on family, business, and personal goals.
We also provide an online vault for our clients.
We are Certified Public Tax Accountants serving the Montgomery County area including Gaithersburg, Rockville, Clarksburg, and Germantown.
We have also assisted clients with almost every part of personal and business tax services and planning.
Whether you need income taxes prepared, accounting consultation, or detailed tax preparation, we can help make your finances easier to manage.
This allows you more time to focus on family, business, and personal goals.
We also provide an online vault for our clients.
We are Certified Public Tax Accountants serving the Montgomery County area including Gaithersburg, Rockville, Clarksburg, and Germantown.
Who must file tax returns?
In general - all US citizens and residents must file personal income tax returns on their worldwide income.
What income is taxable?
All income is taxable unless specifically exempted in the tax code.
This is where the confusion and complexity begin.
The largest project most tax payers have to complete each year is their personal income tax returns.
They agonize over the record keeping, tax planning, completing and submitting the forms.
The IRS estimates that for the basic Form 1040, 16 hours would be required for all the steps.
In general - all US citizens and residents must file personal income tax returns on their worldwide income.
What income is taxable?
All income is taxable unless specifically exempted in the tax code.
This is where the confusion and complexity begin.
The largest project most tax payers have to complete each year is their personal income tax returns.
They agonize over the record keeping, tax planning, completing and submitting the forms.
The IRS estimates that for the basic Form 1040, 16 hours would be required for all the steps.
It's the dream of many Americans to run their own business.
This motivation to "Be Your Own Boss" is strong and inspire many entrepreneurs to provide a unique product or service.
Many have specific expertise and want to leverage that in the marketplace.
Our business tax services include working with our clients on several specific areas of business management.
Services such as tax preparation, payroll services, e-filing income taxes, and business planning.
It is important, therefore, to have your business accounting up to date.
This motivation to "Be Your Own Boss" is strong and inspire many entrepreneurs to provide a unique product or service.
Many have specific expertise and want to leverage that in the marketplace.
Our business tax services include working with our clients on several specific areas of business management.
Services such as tax preparation, payroll services, e-filing income taxes, and business planning.
It is important, therefore, to have your business accounting up to date.
Everyone plans for a variety of activities in their life.
We plan Birthday parties for our children, and celebrations for Graduation and Anniversaries.
We plan Vacations traveling along the miles.
But do we make enough effort planning our everyday life and do we take enough time and effort planning our finances and tax burdens?
If you're like many you do not.
It's not easy, but it's very important.
The only way you will be sure that you'll accomplish a given goal - that college education - that promotion - that retirement will be by careful planning.
We plan Birthday parties for our children, and celebrations for Graduation and Anniversaries.
We plan Vacations traveling along the miles.
But do we make enough effort planning our everyday life and do we take enough time and effort planning our finances and tax burdens?
If you're like many you do not.
It's not easy, but it's very important.
The only way you will be sure that you'll accomplish a given goal - that college education - that promotion - that retirement will be by careful planning.
At Thompson Tax Associates, we provide budget & spending planning services and tax preparation services for individuals and families.
View the additional tax services we provide for individuals and families.
We are a Certified Public Accountant serving Montgomery County including Gaithersburg, Rockville, Clarksburg, and Germantown.
Do you ever find yourself with a little too much month left once all the inflow has been consumed?
Most will experience this at some point in their lifetime.
Some are plagued by it.
View the additional tax services we provide for individuals and families.
We are a Certified Public Accountant serving Montgomery County including Gaithersburg, Rockville, Clarksburg, and Germantown.
Do you ever find yourself with a little too much month left once all the inflow has been consumed?
Most will experience this at some point in their lifetime.
Some are plagued by it.
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