• Russ Falls

Introduction to Russ Falls

Russ Falls is a long-time resident of Palmdale CA. He went to school here and graduated from Palmdale High School. He first did income taxes for HR Blook for eight years then worked for Jackson Hewitt for the past 6 years. This coming tax season he made the choice to go into tax services business for himself.

He became an Enrolled Agent (EA) in July 2019. An enrolled agent is a person who has earned the privilege of representing taxpayers before the IRS. To become an enrolled agent a person must pass a three-part comprehensive IRS test. Part 1 individual returns, Part 2 Business returns, and Part 3 Representation, Practices and Procedures. An EA needs to have 72 hours of continuing education every three years.

Russ has done individual returns of all kinds: Itemized Deductions form Schedule A. Earned Income Tax Credit, Child Tax Credits, Child Dependent Care Credit, Rental property returns, Schedule C which is profit and loss for sole proprietorship, stocks and bonds.

His main goal is to treat every client as if he is doing the return for his own taxes and to maximize legal refunds

He is pleased to offer the Protection Plus to all his clients without any addition cost to the client. So, if there is ever an issue with any of the below items you will be able to get the issue solved:

1. Access to Experienced Tax Professionals

2. Id Theft Assistance

3. Interpretation and Guidance

4. Tax Debt Relief

He is also offering a bank product called Refund Advantage. It is a program where you can file now and have his preparation fees comes out of the refund. What happens is your information is sent over to the Metabank; once your refund is processed, the bank gets the money then they pay the tax prep fee and send you the rest of the refund. This is an option for you. Only direct deposit is available. The fee for this service is $39.95 for the first distributor of funds usual federal refund if there is a second distributor of funds then it is 12.00

He will take credit cards and e-checks for the payment for the tax prep work at the end of process and when you are ready to e-file the return.

Falls Vital Accountant Services

Russ Falls


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Book Clean up Services:


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Provide Eight Reports:


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Balance Sheet: A report that consists of the asset’s accountant balances minus the liabilities and the owner equity or the shareholders equity.

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Cash Flow Statement: This is a statement shows the cash inflows by the operation of the business and the investment income. The out of cash flow show the payment of the operations activities along with the investment in each period of time.

Accounts Payable Summary: This report shows the company owns money due. The time frame that the own amount is either current or past do and how far past due.

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Hopefully I will finish this page up tomorrow 2/12/2021.