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Tax Planning & Preparation

Tax services include:

  • Free review of prior year tax returns for errors and omissions
  • Meeting with the CPA to discuss your specific 2011 Tax and Financial planning goals
  • MAXIMIZE your eligible deductions
  • INCREASE your weekly take home pay
  • Learn about tax savings specifically available to you
  • Preparation of your Federal and State tax forms
  • E-Filing of your tax forms
  • Additional meeting with CPA to discuss the results of your tax returns & Your Personalized Action Plan for 2011

Tax Preparation and Planning rates:

  • Rate are typically only 80% of major tax preparation stores
  • Include year-round tax advice from CPA
  • Click here for $50 off preparation for new clients
  • We will pay you $20 for each new client that your refer

Please understand that each client has individual circumstances that affect the complexity of their tax returns so the above rates are general estimates.

Do you have "Tax Problems?"

As a CPA there are many tax matters that we know must be addressed by a professional

  • Have you received a letter from the IRS?
  • Did the IRS send you a CP2000 form?
  • Do you owe back taxes?
  • Did you make a mistake on last year's tax forms? Need to amend your tax form?
  • Do you need to file a tax extension?

 

TAX PLANNING TIPS:

 Donations: The IRS has strict rules regarding tax deductions for donations. Receipts must be retained for all donations whether by cash, check, credit card or giving of goods.

  • Ensure the organization is a Qualified Charitable Organization
  • Receive and retain your receipt
  • Be cautious in valuing your donation as fair market value may be less than you believe
  • Consult a CPA to ensure you are receiving the most benefit for your donations
  • You cannot deduct contributions made to specific individuals, political organizations and candidates
  • You cannot deduct the value of your time or services and the cost of raffles or other games of chance.
  • You can deduct the mileage incurred on behalf of one of these organizations

 

Selling your Home:  You may be able to exclude up to $250,000 of gain ($500,000 for married filing jointly) upon selling your primary residence. General rules are:
  • You must have lived in your home 24 of the 60 months preceeeding the sale
  • Within the past two years you must have not excluded the gain on another home sale

 If you do not meet the above citeria you may still be allowed to exclude a reduced maximum amount of the gain if you sold your home due to health, a change in place of employment, or certain unforeseen circumstances (divorce, natural disaster resulting in a casualty to your home, or an involuntary conversion of your home).