With tax laws changing every year, it can be a challenge to keep on top of the particular changes that affect you and your family. Whether you have a simple 1040 or a multi-state return with rental properties, let me prepare your individual tax returns and advise you on ways to minimize your tax liability.

Current tax law is changing at an ever more rapid pace. Timing of asset purchasing and even methods of depreciation are undergoing massive restructuring that will have significant effects on how profitable your business will, or could, be. To properly run your business you need a tax preparer who is staying current with the tax code as well as keeping up with the trends in the industry.

Not all tax preparers have the experience, or training, to properly complete business tax returns. I have been preparing returns by hand as well as using software from ATX, Taascforce, Proseries, Taxwise and Intuit Turbotax for several years. These have included forms 1065, 1120, 1120s as well as their appropriate state forms.

I also complete Business Tangible Personal Property Tax Returns in Indiana as well as work with Intuit QuickBooks.

The standard form 990 for Organizations Exempt from Income Tax has expanded to 12 pages (without state forms), and now requires even more specific and complete information. With increasing penalties (some as high as $10,000), as well as possible revocation of tax exempt status for poorly prepared returns, now is the time to rely on our experience in completing these complex returns. An often overlooked benefit of hiring a professional to prepare these returns is the time savings to you as it now is estimated to take 211 hours per year to prepare all of the paperwork required for form 990.

I have extensive experience in filing a wide number of state returns as well as multi-state returns. These situations each have their own intricacies from recognizing the nexus of the activity, to states that have reciprocity agreements. In addition to my experience here I have a wide range of assets to help in researching and completing these types of returns.

Penalties for non-filing and late filing of information returns continue to increase. These penalties have now been adjusted for inflation as well, so they will continue to increase in the foreseeable future. Let me take the worry out of filing these for you.

By planning today, you can take steps to ensure that your estate or trust is executed as you intended. We can work with you and your attorney to understand your goals, take steps to minimize taxes, and assist in transferring assets to your heirs as you direct. We can also handle filing of the appropriate forms 1041, 706 and 709.

An IRS audit can be scary and confusing for a business owner. If your business finds itself being audited by the IRS, we can represent you in your dealings with the IRS so that you and your interests are protected. Only three designations of tax preparers can represent clients to the IRS and those are Tax Attorneys, CPAs and our classification of Enrolled Agent – EA.

Audits are not the only representation we can do for you. A well timed and properly worded response to an IRS notice might even prevent a situation from expanding into an audit. If you are behind on your paying of taxes we can also handle offers in compromise as well as helping you set up installment payment arrangements.

Choosing how a new business will be organized can be a confusing and critical decision. Sole proprietorships, partnerships, LLCs, and corporations all offer differing levels of protection and complication for the business owners. We can help you decide which structure is the right fit for your business, and help you reevaluate that decision as your business grows. We also can help with the filing of the appropriate tax forms for those entities to include Schedule C, form 1065, form 1120 and form 1120S.