Preparing your own income tax return can be a task that leaves you with more questions than answers! Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing and prepared incorrectly. It is too easy to overlook deductions or credits that you are entitled to. Even using a software program is no substitute for an experienced tax professional.
Individual income tax return – Federal and state returns
Quarterly estimated payment calculations
Small Business tax return – Federal and state returns for S-Corporations, Corporations, Partnerships
Amended tax return – when errors or omissions on your original return needs to be corrected and filed
Non-filed returns for current or prior years– Haven’t filed for a previous year yet? No problem. Non-filed returns can incur hefty penalties, let us help you prepare and file them.
Trust and estate tax return – Form 1041
Government agency correspondence responses – let us review any letters you receive and go over them with you
Gift tax planning and reporting – annual gift tax exclusion for 2022 is $16,000 per recipient, lifetime gift and estate tax exclusion is $12.06 million
Tax planning – Effective tax planning is necessary throughout the year and is a fundamental component in overall financial security. JPD Tax Services can provide strategic solutions that reduce tax burdens and develop tax management plans.