Tax Planning
Individual Tax Return (Form 1040) Analysis
- Schedule A – Itemized Deductions
- Schedule B – Interest and Dividends
- Schedule D – Capital Gains & Losses
- Item 1040-ES – Estimated Taxes (Safe Harbor)
- Resident State Tax Return
- Schedule C – Profit or Loss from Business
- Schedule E Part 1 – Supplemental Income and Loss
- Schedule E Part 2 – Income or Loss from Partnerships and S Corporations
- Schedule F – Profit or Loss from Farming
- Schedule H – Household Employment Taxes
- Form 8606 – Nondeductible IRAs
- Education Credit(s)
- Health Care Credit(s)
- Homeowner Credit(s)
- Income and Savings Credit(s)
- Family and Dependent Credit(s)
- Education Deduction(s)
- Work-Related Deduction(s)
- Health Care Deduction(s)
- Qualified Business Income Deduction(s)
- Additional State(s) Tax Return(s)
Trust Tax Return (Form 1041) Analysis
- The income, deductions, gains losses, etc of your estate or trust
- The income that is either accumulated or held for future distribution or distributed currently to the beneficiaries
- Any income tax liability of the estate or trust
- Employment taxes on wages paid to household employees
Business Tax Return Analysis
- Form 1065 – Partnership
- Form 990 – Organization Exempt from Income Tax
- Form 1120-S / S Corporation
- Form 1120 – Corporation
