Individual Income Tax Preparation

iStock_000008266693_SmallINDIVIDUAL INCOME TAXES CAN BE MINIMIZED

The amount you pay is not fixed.

No one likes to pay taxes.  We all have to deal with them in our personal lives.  Our individual income tax preparation and tax planning services are designed to help you make dealing with them as painless as possible.

Goldman & Co., CPAs  tax professionals are experienced and knowledgeable.  We understand the IRS Tax Code and state regulations and we work with individuals and families to help them achieve their goals.  From the initial meeting, to gathering the information needed to prepare your income tax returns, to the preparation of the income tax returns our aim is to design a tax strategy and options that will help to achieve the goal of minimizing the amount of individual income taxes you pay.  Our clients look to us for guidance and ideas and we deliver.

Good income tax planning requires knowledge of the IRS tax code and the options that are available to minimize income tax and generate increased tax savings over the current year and future years.  It involves a multi-year time period.  Our aim is to preserve the income you worked so hard to earn.

TAX PREPARATION

Preparing an individual income tax return can have negative or positive consequences.  The complexity of our tax laws makes it easy to overlook deductions, credits, and options that are available even for a relatively simple income tax return.  There is no substitute for good income tax preparation and planning.  Goldman & Co., CPAs  income tax preparation services are aimed to reduce the amount of income taxes you pay, and our clients agree.

Factors affecting the amount of income taxes paid.

    • Divorce
    • Who Can I Claim As a Dependent?
    • Available tax credits
    • Itemized Deductions
    • Casualty losses
    • Education credits and deductions
    • Charitable contributions

Key Individual Income Tax Preparation Services

    • Preparation of federal and state income tax returns
    • Year-end tax planning and multi-year projections
    • Alternative minimum tax planning and minimization
    • Charitable giving strategies
    • Estate and gift tax planning
    • Retirement plannin

Credits & Deductions

There are numerous credits and deductions available to individuals.

Benefits Include:

  • Historic rehabilitation credits
  • Film credits
  • Education credits
  • Earned income credits
  • Energy credits
  • Mortgage interest and taxes on your home
  • Casualty and  theft losses
  • Charitable contributions
  • Medical and dental expenses
  • Unreimbursed employee business expenses
  • Itemized deductions

For additional information contact Jim Goldman, CPA at jgoldman@goldmanandcompanycpa.com or call (401) 781-4200.

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