Whether we like it or not, today's tax laws are so complicated that filing a
relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which
you are entitled. Even if you use a computer software program there's no substitute for the assistance of an
experienced tax professional.
Tax Preparation
Preparing your own income tax return can be a task that leaves you with more
questions than answers. According to a study released by the US Government's General Accounting Office,
most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax
preparer.
Here's what you get...
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Your tax return will be checked and rechecked by our computer software identifying potential
problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
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Your tax return can be filed electronically so you will get a refund back
quicker.
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Our staff will show you how to adjust your payroll withholding to get more money back each week.
Why give
the IRS an interest free loan for up to 16 months.
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We will show you potential deductions to limit your tax liability for next year. In addition, we
will give
you a sheet of commonly overlooked deductions to limit the following year's tax liability.
Books a Mess? No Problem!
If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We'll
prepare your bookkeeping for the year, prepare your business return, as well as your personal income tax
return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next
year.
Tax Planning
There's one distinguishing difference between tax planning and tax preparation: December 31st. In order to
be beneficial, tax planning must occur before the end of the year while tax preparation can only take place
after year's end. Although we can't promise to eliminate taxes, our tax planning and preparation services
will help you minimize them.
Tax planning is an important step in reducing taxes. Together, throughout the year, we will discuss various
tax strategies that could potentially save you thousands of dollars. This will enable you to make all the
necessary adjustments before the end of the year so that you have some control over how much you pay in
taxes.
Then, after year's end and with your help, we will see that your taxes are professionally prepared in a
timely fashion in order to avoid ate fees. In order to provide you with such services, we have certified
Professional Tax Preparers on staff that will assess your tax liability.
Feel free to review the topics below to better understand how Nugent & Associates can help you.
Individual Taxes
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Form 1040, Individual Tax Return
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Form 1040-ES, Estimated Taxes
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Form 1098, Mortgage Interest
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Form 1099-S, Real Estate Proceeds
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Form 1099-T, Student Tax Credits
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Form 2210, Tax Penalties Schedule
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Schedule A, Itemized Deductions
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Schedule B, Dividends & Interest
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Schedule C, Sole Proprietorship
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Schedule D, Capital Gain & Losses
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Schedule E, Rental Income/Loss
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Schedule F, Farm Business Activity
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Form 8812, Child Tax Credit
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Schedule EIC, Earned Income Credit
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Form 8332 - Child Custody
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Alternative Minimum Tax (AMT)
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Simple IRA Limits