ABOUT US

What we do:

1. Work with business owners

2. Inform business owners about the tax treatment of their planned and completed business transactions

3. For S corporations advice and calculation of both stock and debt basis;

4. For LLCs taxed as partnerships, advise on application of the at risk rules under IRC 465 and applicable regulations

5. Typical discussions with owners include such issues as: owner compensation, tax treatment of distributions, calculation of the deduction and limitation under IRC 199A; consideration of the business interest limitation of IRC 163(j); application of IRC 163(f) in settlement damages;

6. Advice on bookkeeping matters including consideration of the capitalization rules for expenditures for improvements such as betterments, adaptations or and related cost recovery options such as immediate expensing under IRC 179 or as additional depreciation commonly referred to a bonsu depreciation under IRC 168(k)

7. Assistance with both eligibility and forgiveness of PPP loans

We have experience with the tax rules which apply to partnership, limited liability companies and S corporations

We work with your legal counsel on choice of entity discussions for new businesses, participate with family member on use of business structures and accounting and taxation for family owned and operated business entities. Client engagements have included my practice involves tax preparation, tax planning, tax collection and tax controversy services. we have experience in tax law involving subchapter S issues, the taxation of pass-through entities such as S corporations, partnership and limited liability companies.