Personal Income Tax Returns and Tax Planning

A complete and diversified tax service is provided in regard to all facets of individual federal and state income tax returns. Even though luckily, Florida does not impose a personal income tax return, the firm is familiar and experienced with the preparation of various state income tax returns, and has the capabilities of preparing any state personal income tax return.

We can also prepare the State of Florida personal Intangibles tax returns on investment of stocks, bonds, notes receivable etc.

Tax Planning

Tax planning is emphasized and include such areas as compensation, real estate investments, capital gains and losses, itemized deductions,tax credits, retirement contributions etc.

Section 1231 Exchange

We are very familiar and have had personal experience with Real Estate Investments and Rentals and understand the various deductions and credits related to real estate. These include but are not limited to section 1231 exchanges (tax gain deferrals),qualified leasehold improvements, deductions for energy-efficient commercial building properties, and the various depreciation components. We also have a working relationship with a qualified section 1231 intermediary.

Special Deductions

Our goal is to have an open line of communication with you and learn as much as possible about you, your family and your goals. This way we can always be on the lookout for special deductions and circumstances and ready to do the necessary tax research to maximize all deductions and credits on the preparation of your personal income taxes.

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”

Judge Learned Hand