INCOME TAX SERVICES
Income Tax Preparation
The Internal Revenue Code is ever-growing and becoming increasingly complicated. Even a relatively simple return can become confusing when preparing it on your own. It is easy to overlook deductions and credit that you may be entitled you. The advantage of using a public accounting firm like Krikorian & Company is that you have experience tax professionals overlooking your income tax situation and making sure that every available deduction and income tax credit is considered.
If you own a business, own rental real estate, are a partner in a partnership, are a shareholder in a closely-held C corporation or S corporation, or a beneficiary or trustee of a trust, your income tax position is much more complex. Consulting a tax professional would be of the utmost importance. We are knowledgeable in income tax law and income tax preparation including, but not limited to...
Partnerships (General Partnerships, Limited Partnerships, Limited Liability Companies)
Trusts (Simple Trusts, Complex Trusts, Grantor Trusts, Charitable Remainder Trusts)
Estates (Form 706 and Form 1041)
Gift Tax (Form 709)
Private Charitable Foundations (Form 990-PF and Charitable Trust Registry filings)
Please contact us to discuss any income tax issue that you need assistance with. We will be happy to help!
Income Tax Planning
More important than actually preparing an income tax return is to effectively plan on what you can do to reduce your income tax liability when it comes time to file your income tax return. Once the tax year is over, it's already too late to do anything to achieve the lowest tax liability possible under the law.
Krikorian & Company will assess your unique situation and make suggestions on what you can do before the end of your tax year to reduce what you end up paying Uncle Sam. Through careful planning, you can save many times our fee in reduced income tax liability.
Please give us a call if you would like for us to review your income tax position and see how you may lower your income tax liability when it comes time to file your income tax return.