Taxation Services


    • Individuals, Partnership Firms, Corporates (C Corp and S Corp), Non-Profit Organizations.
    • Preparation of tax return in Lacerte, Drake, Ultra Tax, Pro-system fx).
    • Detailed working papers to reconcile GAAP and Tax books.
    • Specialized industry knowledge on cannabis sector (section 280E, 471c)​.
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1040 – Individual Tax Returns

  • Wage and Salary Income (W2).
  • Taxable State Return (1099G).
  • Interest and Dividend Income (1099-INT/DIV).
  • Pension and IRA Distributions (1099R).
  • Other Income, sale of shares and securities.
  • Itemized Deductions.
  • Estimated tax payments.
  • Income from Pass-through K-1 from Partnerships, S-Corp & 1041 (input of Schedule K-1’s)(only 1).
  • Any item resulting in adjustments to income and those items (HSA deduction 8889, Moving expenses 3903, student loan interest deduction 1098-E & Tuition fees deduction 1098-T) to be entered manually.
  • Any item resulting in Credit and those items (Education credit 8863, residential energy credit 5695, Child & dependent care expenses 2441).
  • Single Membership LLC (Sch C) and Farm Income (Sch F).

    1065 – Partnership Tax Returns

    • Firm Total Receipts less than $250,000 & total asset less than $ 1 million.
    • Form 4562 (deductions for the depreciation or amortization of tangible or intangible property) and Form 1125A (COGS).
    • Schedule B (other information).
    • Schedule D (capital gains).
    • Schedule K (farm income).
    • Schedule M1 (Reconciliation of income/loss per books with income per return).
    • Schedule M2 (Analysis of Partners Capital Accounts).

      1120/1120S – Corporations and Small Corporations

      • Corporation total receipts & total asset at the end of the tax year less than $250000.
      • Form 4562 (deductions for the depreciation or amortization of tangible or intangible property) and Form 1125A (COGS).
      • Form 1125E (Compensation of Officers).
      • Schedule K (other information).
      • Schedule C (dividend).
      • Schedule D (capital gain).
      • Form 8810 (rental income subject to passive activity limitation).
      • Schedule M1 (Reconciliation of income (loss) per the books with income per return).
      • Schedule M2 (Analysis of Partners Capital Accounts).
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Tax Preparation Software’s
Used.

  • Lacerte
  • Drake
  • Ultra Tax
  • ProSystem FX