Tax Preparation and Planning
Find Out About:
- Taxable and Non Taxable Income
- Who Must File a Return?
- Who Qualifies as a Dependent?
- Filing Status
- Children of Divorced and Separated Parents, etc.
Individuals
Revised Form 1040 Includes Following (partial):
Schedule 1 - Additional Income and Adjustments
- State and Local Income Tax Refunds
- Business Income/Loss
- Rents, Royalties, Partnerships, S Corp., Trusts
- Unemployment Compensation
- Educator Expenses
- Health Savings Account
- Deductible Portion of Self Employment Tax
- Self Employed SEP, SIMPLE and Qualified Plans
- Penalty on Early Withdrawal of Savings, etc.
Schedule 2 - Additional Taxes
Includes the Following (Partial):
- Additional Tax on IRAs, Qualified Plans
- Household Employment Taxes
- Unreported Social Security and Medicare Tax
- Alternative Minimum Tax
- Self-Employment Tax, etc.
Schedule 3 - Additional Credits and Payments
- Foreign Tax Credit
- Child and Dependent Care Expenses Credit
- Education Credits
- Residential Energy Credit
- 2019 Estimated Tax Credits and 2018 Applied Refund
- Amounts Paid with Extensions, etc.
Schedule A - Itemized Deductions
Schedule B - Interest and DividendsSchedule D - Sales and ExchangesSchedule E - Passive Activities at Risk
Corporations (C and S)
- Basis
- Capital Contributions
- Stock
- Section 1244 Stock Losses
- Distributions
- Earnings and Profits
- Accumulated Earnings Tax
- Corporate AMT
- Loss and Miscellaneous Items
- Reasonable Wages (S Corp)
- Shareholder Basis (S Corp), etc.
Partnerships (Including LLC)
- Basis and Audit Rules
- Classification
- General or Limited Partner
- Exclusions
- Built-in Gains or Losses
- Distributions
- Personal Service Corporation
- Personal Holding Company, etc.
Estates and Trusts
Payroll Tax Returns
- Deposit Requirements
- Payments
- Withholding Federal Tax
- FICA/FUTA Wage Base
- New Hire Reporting
- Special Compensation
- Disregarded Entity Payroll Taxes, etc.