INDIVIDUAL TAX PREPARATION & PLANNING
We have developed a 4-step process to help your tax preparation go as smoothly as possible!
Step 1: Engagement Letter – we send you a tax invitation we which includes an engagement letter, the engagement letter contains more about our services, our commitment to you, pricing, etc.
Step 2: Once you review and submit your engagement letter, you will receive automatically receive a Tax Organizer via email, where you can upload your tax documents, or use as a guide to gather your tax documents for drop off.
Step 3: When your tax organizer and documents are submitted, we assign you with a Tax Preparer. Your tax preparer will reach out with any questions and set up a meeting, if warranted.
Step 4: Once your tax prep is Complete, we send you the return for review and signature, then e-file for you, once we get your payment and signature.
1
Basic Returns
Preparing a basic tax return with a W-2 and a couple 1099s involves organizing income details from the W-2 job and various 1099 sources like retirement distributions.. Deductions and credits are factored in to compute accurate taxes. The process ensures compliance, accurate reporting, and potential refunds.
2
Sole Proprietor (Schedule C)
Used to report business income and deductible expenses, we prepare a schedule C using information you provide to most accurately calculate the net profit or loss for self employed business. We look to help guide you so that you can easily adhere to tax regulations. The ultimate aim is to provide an accurate representation of the business's financial performance, optimizing deductions and minimizing tax liability while ensuring compliance with tax laws.
3
Dispositions of Assets (Schedule D)
We convert and combine your various 1099s and transaction reports into a Schedule D to show your gains or losses, derived from the sale of assets like stocks or real estate. Considering purchase and sale dates, cost basis, and selling price, while accounting for factors like short-term versus long-term holding periods we convey your reported transactions through this form. The objective is to accurately calculate the net capital gain or loss, ensuring proper tax reporting and compliance with all relevant tax regulations.
4
Rental Property (Schedule E)
We prepare a Schedule E to outline the diverse sources of passive income and losses from rental entities. Using your supplied information we look to ensure accurate calculations of net income or loss. The goal is to provide a comprehensive overview of passive income activities, optimize deductions, and guarantee adherence to tax regulations while accurately reflecting your financial scenario.