Professional Tax Return Preparation

Because today's tax laws are so complicated, chances are you will benefit from at least occasional help from a tax professional. It is easy to overlook deductions and credits to which you are entitled if you prepare only one return a year. There is no substitute for the assistance of a seasoned tax professional.

We prepare a variety of individual and business tax returns every year. We apply and explain appropriate tax-cutting deductions when your return is prepared. More importantly, we will answer your questions during the rest of the year. Call us to discuss timely tax, business, and financial advice.

Your Tax-Cutting Checklist

Whether you’re a wage earner, an investor, a business owner, or all three, you should take advantage of the available tax-cutting benefits. There is little to be gained by paying more tax than the law demands.

Identify the tax-savers for which you qualify. Below is a tax-cutting checklist to get you started. Check to see if there are tax breaks 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
	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
	SIMPLE plan
	SEP
	401(k) plan
	First year expensing of business equipment
	Year-end bonuses
	Bad debt write-off
	Disabled access credit
	Other business tax credits
	Tax-free exchange

Contact our office at (301) 530-7575 if you have questions or want more information on these and other strategies that could reduce your taxes.