FAQs

At Gold Shield Tax & Insurance, we understand that navigating tax obligations and choosing the right insurance coverage can feel overwhelming. That’s why we’re here to provide personalized, expert guidance every step of the way.

As a woman-owned, minority-owned, and veteran-owned firm, we bring over 20 years of experience in law enforcement, military service, and IRS operations to help you make informed decisions about your financial future. Whether you’re looking for comprehensive tax planning, need assistance with IRS issues, or want to find the perfect insurance coverage for your family’s needs, we’re committed to providing you with honest, transparent advice tailored to your unique situation.

We believe in building lasting relationships with our clients through ongoing support, not just one-time transactions. Our goal is to empower you to achieve financial success while minimizing your tax burden and protecting what matters most to you.  We also offer free educational webinars and seminars to help you stay informed about tax law changes, insurance options, and financial planning strategies—all with no sales pressure, just valuable information.

Below are answers to some of the most common questions we receive. If you don’t see your specific question addressed, we invite you to schedule a free, no-obligation consultation where we can discuss your individual needs and how we can help.

A: We provide comprehensive tax preparation and planning for individuals and small businesses, year-round tax minimization strategies, assistance with unfiled prior year returns, IRS representation and audit support, tax resolution services, and business entity optimization guidance.

A: Our individual tax preparation (1040) ranges from $200-$500 depending on the complexity and schedules required. Corporation and partnership returns are $700-$1,000. We provide transparent, upfront pricing with no hidden fees. Financial planning packages vary based on your specific needs.

A: We offer both! While we prepare taxes during filing season, we also provide year-round tax planning and minimization strategies to help you reduce your tax burden throughout the year. This proactive approach often saves our clients significantly more than reactive tax preparation alone.

A: Absolutely. We specialize in helping clients catch up on unfiled returns and work with the IRS to resolve any resulting issues. The sooner you address unfiled returns, the better we can minimize penalties and interest.

A: Key changes for 2024 include increased standard deductions ($14,600 for single filers, $29,200 for married filing jointly), updated tax brackets with higher income thresholds, increased retirement account contribution limits, and a new mandatory question about digital assets on all tax returns.

A: Yes, we offer full IRS representation services including audit representation, tax resolution, protection from asset seizure, levies, liens, wage garnishment, offers in compromise, innocent spouse relief, and payroll tax issues. Our founder’s background as a former IRS Revenue Agent provides unique insight into IRS processes.

A: We provide life insurance, health insurance, disability insurance, annuities, final expense insurance, and ACA Marketplace enrollment assistance. We also specialize in Medicare guidance for those turning 65 or already enrolled.

A: Yes, we work as independent brokers, which means we shop multiple carriers to find the best coverage and rates for your specific needs. Our carrier partners include Aetna, UnitedHealthcare, Humana, Mutual of Omaha, Foresters, Royal Neighbors, Cigna, Aflac, MassMutual, and Corebridge/American General Life, among others.

A: Many of our life insurance options do not require a medical exam. We have solutions for individuals with health challenges or pre-existing conditions, and many policies can be approved with same-day decisions.

A: Final expense insurance is a type of life insurance specifically designed to cover funeral costs, outstanding debts, and provide some income replacement for your family. We specialize in this area and offer guaranteed acceptance policies for those who may not qualify for traditional life insurance.

A: Absolutely! We provide comprehensive Medicare guidance, including plan comparisons and ongoing support. We help you understand Medicare Advantage, Medicare Supplement, and prescription drug plans to find the coverage that best fits your needs and budget.  We provide annual plan reviews and ongoing support to ensure your coverage continues to meet your healthcare needs over time.

A: Yes, we assist with ACA Marketplace enrollment and also offer supplemental coverage options like dental, vision, and hospital indemnity plans to fill gaps in your primary coverage.  We help to determine subsidy eligibility and provide guidance to ensure a smooth transition.

A: Yes, we provide business entity optimization services to help you select the most suitable structure (e.g., LLC, S-Corp, C-Corp) for optimal tax advantages and legal compliance. We consider your specific business goals, income projections, and growth plans.

A: We provide comprehensive financial planning, including investment guidance, retirement planning, insurance needs analysis, and overall financial health assessments. Our approach is holistic, considering all aspects of your financial picture.

A: Tax services have transparent, set fees as outlined above. Insurance services are free to you as our client – we’re compensated by the insurance carriers. Financial planning packages vary based on your specific needs and goals.

A: Yes! We offer free, no-obligation consultations to discuss your needs and how we can help. You can schedule online at https://scheduler.zoom.us/goldshieldtax or email us at info@goldshieldtax.com.

A: We’re a woman-owned, minority-owned, and veteran-owned firm with over 25 years of experience in law enforcement, military service, IRS operations, and life and health insurance support. We provide personalized, ongoing support rather than one-time transactions, and we specialize in serving veterans, law enforcement, federal employees, and their families.

Every client’s situation is unique, and we’re committed to providing personalized guidance tailored to your specific needs. Schedule your free, no-obligation consultation today and let’s discuss how Gold Shield Tax & Insurance can help you achieve your financial goals.

Schedule Now: https://scheduler.zoom.us/goldshieldtax
Email: info@goldshieldtax.com