Personal tax strategy should be coordinated with your business and family planning, not an afterthought to it. We handle:

• Individual income tax returns (Form 1040 and California Form 540), including:

  • Schedule A (itemized deductions, SALT cap planning)

  • Schedule B (interest and dividends)

  • Schedule D and Form 8949 (capital gains, multi-custodian cost basis reconciliation)

  • Schedule E (rental, royalty, and pass-through K-1 income from partnerships

  • S-corps, and trusts), and Schedule C/SE for self-employment income and tax

• Equity compensation planning — ISO/NSO/RSU exercise and sale timing, AMT exposure on incentive stock options (Form 6251), 83(b) elections, and Section 1202 Qualified Small Business Stock exclusion planning

• Net Investment Income Tax (Form 8960) and Qualified Business Income deduction optimization (Form 8995/8995-A) at the individual level

• Foreign Tax Credit claims (Form 1116) and foreign asset reporting (Form 8938 / FBAR) for clients with international investment exposure

• Multi-state residency and domicile planning for clients living, working, or relocating across state lines

• Household employment tax compliance (Schedule H) for clients with domestic staff

• Tax loss harvesting and Roth IRA conversion timing, including backdoor and mega-backdoor Roth strategies

• Charitable giving strategy through Donor-Advised Funds and Qualified Charitable Distributions

• Estimated tax planning (Form 1040-ES) and safe harbor compliance to avoid underpayment penalties

• IRS notice response and representation under power of attorney (Form 2848), including CP2000 underreporting notices

Business tax strategy works best when it's built before year-end, not reconstructed after it. We handle:

Sole Proprietorships

• Schedule C income and expense reporting, and Schedule SE self-employment tax calculation

• Home office deduction (Form 8829) — actual expense method vs. simplified method analysis

• Section 199A QBI deduction optimization at the sole proprietor level, including W-2 wage and UBIA limitations as income rises

• Self-employment tax mitigation analysis, evaluating S-Corp election (Form 2553) as a growth threshold approaches, including reasonable compensation modeling to support the conversion

• Solo 401(k) and SEP IRA contribution planning for self-employed retirement savings

• Quarterly estimated tax planning (Form 1040-ES) for variable self-employment income

S-Corporations (Form 1120S)

• S-Corp elections for LLCs and Professional Corporations

• Reasonable compensation analysis for shareholder-officers balancing W-2 wages against distributions to secure self-employment tax savings and support a defensible position under IRS scrutiny

• Shareholder stock and debt basis tracking (Form 7203) and distribution vs. wage characterization

• Built-in gains tax (Section 1374) planning for C-to-S conversions, and accumulated earnings & profits (AE&P) tracking for former C-corps

• Qualified Subchapter S Subsidiary (QSub) election planning for multi-entity structures

Partnerships (Form 1065)

• Partnership basis calculations and capital account maintenance, including Section 704(b) book vs. tax capital tracking

• Section 754 elections for basis step-ups on partnership interest transfers

• Special allocations and guaranteed payment structuring

• Self-employment tax analysis for general vs. limited partners and LLC members

• Partnership audit regime compliance under the Bipartisan Budget Act, including partnership representative designation (Form 8979)

• Schedule K-2/K-3 preparation for partnerships with international tax items

C-Corporations (Form 1120)

• Double taxation planning — balancing salary, dividends, and retained earnings to manage overall shareholder tax burden

• Accumulated Earnings Tax (Section 531) and Personal Holding Company tax exposure review

• Section 1202 Qualified Small Business Stock planning at issuance, supporting future shareholder-level gain exclusion

• Net operating loss carryforward planning under post-TCJA 80%-of-income limitations

• C-to-S conversion analysis, including built-in gains recognition period planning

A missed election or miscalculated distributable net income figure doesn't just cost money; it can trigger beneficiary disputes or unwanted IRS attention. We handle:

• Form 1041 fiduciary income tax returns for complex trusts and estates — income allocation, DNI calculations, and character-of-income allocation (ordinary income, capital gains, tax-exempt interest) to beneficiaries

• Section 663(b) 65-day elections and Section 645 elections for qualified revocable trusts

• Trust-level Net Investment Income Tax (NIIT) monitoring and quarterly Form 1041-ES estimated payments

• Form 541 for California trusts and estates, including state-source income adjustments and Schedule CA (541)

• Form 706 (U.S. Estate Tax Return)

  • Date-of-death valuation,

  • Marital and charitable deductions

  • DSUE and QTIP elections,

  • Section 2032 alternate valuation date elections and valuation discounts for closely-held business interests

• Form 709 (Gift and GST Tax Return)

  • Gift-splitting elections

  • GST exemption allocation

  • Crummey withdrawal right qualification for ILITs

• Estate and gift tax planning through credit shelter trusts, GRATs, CRTs, and generation-skipping trusts

• Form 5227 for charitable remainder and charitable lead trusts