TAX RETURN PREPARATION AND PLANNING

  • Form 1040, U.S. Individual Income Tax Return
  • Form 1040NR, U.S. Individual Income Tax Return for Non-Residents
  • Form 1041, U.S. Income Tax Returns for Estates & Trusts
  • Form 1065, U.S. Partnership Income Tax Return
  • Form 1120, U.S. Corporation Income Tax Return
  • Form 1120-S, U.S. Income Tax Return for an S Corporation
  • Form 1120-F, U.S. Income Tax Return for a Foreign Corporation
  • Form 706, U.S. Estate Tax Return
  • Form 709, U.S. Gift Tax Return
  • Texas Franchise Tax Reports
  • State Income Tax Returns
  • Payroll and Information Tax Returns (Federal 940, 941, W-2 and 1099 forms and State equivalents)
  • Form W-7, Application for IRS Individual Taxpayer Identification Number (ITIN)
  • FinCen Form 114, Report of Foreign Bank and Financial Accounts (FBAR form).  See Explanation of filing requirements.
  • Form 8938, Statement of Specified Foreign Financial Assets. See Explanation of filing requirements.
  • Foreign withholding and exemption Forms W-8BEN, W-8BEN-E, W-8ECI, W-8EXP, W-8IMY, 1042-S, 8233, 8288, 8288-A, 8288-B and 673
  • Foreign partner section 1446 withholding Forms 8804, 8805 and 8813
  • Form 8833, Treaty-Based Return Position Disclosure
  • Form 8840, Closer Connection Exception Statement for Aliens
  • Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation
  • Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts and Bequests
  • Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner
  • Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations.  See Form 5471 Filing Requirement Examples.
  • Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
  • Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
  • Form 8854, Initial and Annual Expatriation Statement
  • Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded Entities, and the related Schedule M
  • Form 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships
  • Form 8891, U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans (RRSPs)   This form is obsolete as of Dec 31, 2014, and prior years’ Form 8891 are no longer required to be filed.  See Revenue Procedure 2014-55.

CONSULTING

  • Tax planning, domestic and international.
  • Expatriate equalization and hypothetical tax (hypo tax) issues.
  • Expatriation planning (Forms I-407 and 8854)
  • Reviewing tax returns prepared by you or your prior tax return preparer.
  • Estate tax planning (domestic and international), gift giving strategies, income-shifting strategies, establishing of trusts, family limited partnerships, charitable trusts, life insurance trusts, reducing the risk of tax audits, protecting assets including asset protection trusts.
  • Entity selection: Determining which business form (C corp, S corp, LLC, Limited Partnership, LLP, PC, Proprietorship/Disregarded entity) is appropriate for your domestic or international business.
  • Travis County (TX) Central Appraisal District (TCAD) property tax appraisal disputes.  Please contact Texas ProTax Austin.  They have given us excellent service.

OTHER SERVICES

  • QuickBooks – assistance in setting up and maintaining books of account
  • Representation before the IRS on audits and appeals
  • Social Security and Medicare planning
  • Tax research