Income Tax Preparation Services

I am clear, my job is to prepare your income tax returns, minimize your taxes and help you achieve your financial goals. Please have financial goals. For example, I want to purchase a $1,000,000plus condo in Downtown San Diego, 2 bedrooms, 2 baths, 2 parking spots up high, at least the 30th floor. Additionally, another goal could be, I want to put away $200,000 per year into a Defined Benefit Plan. If you have financial goals, you will love working with me. Generally, my clients who have financial goals achieve them. My secret weapon is – a personal financial statement updated at the end of each year. This is your score card. This statement tells you what you have done, where you are going and assists you in making the necessary adjustments to achieve your goals. Furthermore, it helps me as the tax preparer have a clear understanding, what bank accounts, brokerage accounts, real estate, investments and liabilities you have. I match your personal financial statement to your tax returns. They ought to match. Additionally, you now have your estate financial document ready to go. You can now meet with an estate attorney and clearly express your future wishes.          


Not only do I prepare income tax returns, but also, I prepare prior year income tax returns, amend income tax returns and other state income tax returns.

The following are a list of issues, forms and schedules we (you and me) may deal with in preparing taxes:


IRS Form                   1040 – U.S. Individual Income Tax Return

IRS Schedule           A – Itemized Deductions                           

IRS Schedule           B – Interest and Ordinary Dividends

IRS Schedule           C – Profit or Loss from Business (Sole Proprietorship)

IRS Schedule           D – Capital Gains and Losses

IRS Schedule           E – Supplemental Income and Loss – mainly Real Estate Investments.

IRS Schedule           K-1 – Shareholder (or Partner) Share of Income, Deductions, Credits, etc.

IRS Schedule           SE – Self-Employment Tax

IRS Form       W-2 – Wage and Tax Statement

IRS Form       W-4 – Employee’s Withholding Certificate

IRS Form       W-9 – Request for Taxpayer Identification Number and Certification

IRS Form       1099-Misc – Miscellaneous Income

IRS Form       4797 - Sales of Business Property. 

IRS Form       6252 - Installment Sale Income 

IRS Form       8582 - Passive Activity Loss Limitations 


Depreciation Schedule

Internal Revenue Code (IRC) Section 179 Deduction

1031 Exchanges - Tax Deferred Exchange                

Other Tax Issues:

Taxability of Social Security              
Pension Income-Compute                         

Keogh-SEP-Simple-Solo 401K                

401k – Defined Benefit Plan – Defined Contribution Plan   

Premature Distributions (IRA-Keogh)      

IRA (Roth and Regular)                 

Required Minimum Distribution Calculation       


Alimony Paid or Received             

IRS Schedule           H - Household Employment Taxes          

IRS Form       1040-ES - Estimated Tax for Individuals  

IRS Form       1310 - Statement of Person Claiming Refund Due a Deceased Tax Payer

IRS Form       2210 - Underpayment of Estimated Tax by Individuals, Estates and Trusts

IRS Form       2848 - Power of Attorney

IRS Form       2555 - Foreign Earned Income   

IRS Form       4684 - Casualties and Thefts

IRS Form       4506-T - Request for Transcript of Tax Return 

IRS Form       4952 - Investment Interest Expense Deduction 

IRS Form       6198 - At Risk Limitation               

IRS Form       6251 - Alternative Minimum Tax – Individuals         

IRS Form       7004 - Application for Automatic Extension of Time to File Tax Returns

IRS Form       8283 - Noncash Charitable Contributions

IRS Form       8606 - Nondeductible IRAs

IRS Form       8615 - Tax for Certain Children Who Have Unearned Income

IRS Form       8814 - Parent’s Election to Report Child’s Interest and Dividends

IRS Form       8829 - Expenses for Business Use of Your Home       

IRS Form       8889 - Health Savings Accounts  

Tax Credits

IRS Schedule            8812 – Additional Child Tax Credit          
IRS Form                   2441 - Child and Dependent Care Expenses                
IRS Form                   4255 - Recapture of Investment Credit   

IRS Form                   1116 - Foreign Tax Credit (Individual, Estate or Trust)                        

IRS Form                   8910 - Alternative Motor Vehicle Credit  

IRS Form                   8863 - Education Credits (American Opportunity & Lifetime Learning Credits)                     

Taxes Paid to Other State 

Business Income Tax Returns

IRS Form       1120S – U.S. Income Tax return for an S-Corporation
IRS Form       1120 – U.S. Corporation Income Tax Return                            

IRS Form       1065 – U.S. Return of Partnership Income                                


Dissolve Corporations                                



Your Tax-Cutting Checklist

Whether you’re a wage earner, an investor, a business owner, or all three, you should use the tax-cutting benefits available in the tax law. There is little to be gained by paying more tax than the law demands. Identify the tax-savers for which you qualify. Here’s a tax-cutting checklist to get you started. Check the list to see if there are tax breaks that you are overlooking.


For Individuals:


Roth IRA


Rollover to Roth IRA


Tax-deductible IRA


Child tax credit


Income shifting to children


Child care credit


Earned income credit


Lifetime gifts


Education savings accounts


Education expenses


American opportunity tax credit


Lifetime learning credit


Bunching deductions


Flexible spending accounts


Donating appreciated assets instead of cash


Qualifying property for personal residence gain exclusion


Best filing status


Shifting income or deductions from year to year


Adoption expense credit


For Investors:


Tax-free municipal bonds


Long-term capital gains


Rental property


Tax-free exchange


Low-income housing credit


Small business stock rollover



For Businesses:


Home office deduction


Keogh plan






401(k) plan


First year expensing of business equipment


Bonus depreciation


IRS Section 179 Deduction


Year-end bonuses


Bad debt write-off


Disabled access credit


Other business tax credits


Tax-free exchange

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