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Tax
Planning & Compliance CT
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We have
extensive experience in the preparation of all types of tax returns,
including returns for every state in the United States. We believe
that tax preparation and planning is an ongoing process. We will represent you before the Internal Revenue Service or
state taxing agency. We
have extensive experience with international taxes, including resident
aliens, non-resident aliens and expatriates. We work closely with you
throughout the year to ensure maximum effectiveness for all your
tax needs. The following are examples of our tax engagements:
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Charitable Remainder Unitrust (CRUT):
Annual reporting on Form 5227 and computation of distributions to
income beneficiaries.
- Corporate
income taxes:
Entity selection, Subchapter S &C filings & tax accounting
- Contractor
Accounting:
Contractors are faced
with complex tax and accounting problems. We have experience in
providing guidance to contracts in the following areas: (i)
percentage of completion v. completed contract accounting; (ii)
depreciation selection on equipment; (iii) providing bookkeeping
that track expenses that must be charged to customers; (iv)
independent contractor v. employee status; and (vi) accounting
changes from cash to accrual basis.
- Estate
Taxation:
Fiduciaries
of estates are faced with complex tax problems regarding asset and
income taxes that occur upon the death of a loved one. We have many
years of experience in working with attorneys and fiduciaries in: (i)
estate taxation including asset valuation; (ii) election of
administration expenses against income tax or the assets of the
Estate; and (iii) preparation of the final tax return of the
decedent, the estate income tax return Form 706 and the trust income tax
return Form 1041.
- International
taxes:
Resident, non-resident aliens and expatriates
- IRS
Audit Representation: For
audits, past due balances & Offers In Compromise
- Non-profit
filing:
Application
for Recognition of Exemption-Form 1023 & tax return of organization
exempt from tax- Form 990 and appropriate state filings
- Partnership
income taxes: Including
family limited partnerships
- Payroll:
Quarterly
and year-end tax forms
- Pension
Reporting Compliance: Form 5500 and audit
report, if required
- Personal
Income Taxes:
Resident
& non-resident returns-includes all states
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Private Foundations:
Assistance in setting up and preparation of 990PF and related annual
reporting.
- Real
Estate Taxation:
We
have in depth experience in dealing with complex problems facing
real estate investors. This experience includes providing: (i)
polices for the capitalization of repairs of properties; (ii) tax
accounting for lease acquisition costs; (iii) passive loss tax
treatment for real estate professionals; and (iv) structuring of
real estate partnerships.
Required Minimum Distributions (RMD):
Computations of required minimum distribution from IRA and 401K plans
in connection with estate planning or tax requirements and penalties.
Trust
Income returns:
Simple complex, and grantor trusts-Form 1041
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Fluent in Italian |
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991
Post Road East, Fairfield County, Westport CT 06880 Tel(203)227-1414
Fax(203)227-4472
wckcpa@sbcglobal.net
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