50% Discount Offer

If you paid over $500 last year for the preparation of your Form 1040 individual tax return or over $1,000 last year for a business tax return (C-Corp, S-Corp, Partnership Form 1065, LLC net of bookkeeping fees), chances are you have a "complex" return.  Howe & Kolodziej, CPAs has a money saving offer for you:

 WE GUARANTEE OUR FEE AT 1/2 YOUR PRIOR YEAR FEE

The following are some of the main tax issues that can constitute what a competent tax preparer would consider to be a "complex" tax return. Translation: A Very High Tax Preparation Fee!  Plus you are subject to the "luck of the draw"....i.e., whether or not a preparer can competently handle any or all of these issues or, better yet, is even aware that they exist.

WHAT MAKES A "COMPLEX" 1040 TAX RETURN?

• Multiple state tax returns due to out-of-state K-1s, rental properties, or Part-Year residency,

• Multiple K-1s from Partnerships, S-Corps, or Trusts....Correct treatment of Publicly Traded Partnership K-1s....Correct calculation of K-1 Capital Account basis....Correct translation from GAAP basis to Tax Basis of K-1 Capital Account basis, IRC Sec 988 Foreign Currency Income(Loss), correct treatment of Foreign Tax Credits and their impact on Capital Account basis, and many other K-1 complexities,

• Correct calculation of the percentage of non-taxability on the state tax return of Municipal Bonds and U.S. Treasury interest and dividend income,

• Correct treatment of passive Real Estate Partnership K-1s.  How do you overcome the passive character to allow losses to be deductible?  What is “Active Participation”?  How do you qualify as a "Real Estate Professional"?  Do you have to deduct depreciation?  Can you deduct the value of your own labor?  The IRS is currently targeting not only Schedule E rentals on personal returns, but also Real Estate Partnership K-1s.  The correct treatment of Rental income & expense requires a tax professional,

• Multiple Schedule C self-employment income and expenses,

• Multiple Schedule D Form 1099-B Gross Proceeds transactions (stock sales).  If you have hundreds or thousands of transactions that can be downloaded into Excel, we can greatly discount your fee because we can directly upload a properly formatted Excel file directly into Schedule D of our tax software,

• Proper treatment of the home office deduction…when is the home office a red flag versus when is it a legitimate deduction that you should not be afraid to take advantage of…even on Schedule A?

• Exclusion of Cancellation of Debt income (COD) from taxable income on the foreclosure or short sale of your personal residence or investment/rental property.  When should you include the Insolvency worksheet?  Can you exclude COD income from credit cards by utilizing the Insolvency worksheet?  How do you properly treat COD income for a rental or investment property?  What if the lender has not sent you a Form 1099-C or 1099-A?

• Multiple Schedule E rental properties, Oil & Gas Royalty properties with depletion including Schedule C Working Interest Oil & Gas properties,

• When is a rental property a Schedule E For-Profit rental versus a Not-For-Profit rental income property,

• Excess mortgage interest on Schedule A,

• If you paid Alternative Minimum Tax (AMT) on a prior year return, even the best tax software does not properly handle AMT Credits in the following year or make it clear to a subsequent tax preparer that an AMT credit may even exist.

 WHAT IS OUR "SECRET" TO REDUCING YOUR FEE?

How can we make this offer?

The truth is that the most tax experience, skill, knowledge and work is required in the first year that a "complex" return is prepared.  The future correctness of your tax return is determined in that first year.  Setting up your return is absolutely critical.

Does the preparer have the skill and knowledge to correctly pick out all the carry-forward items from the prior year return?  Carry Forward items like state tax credits, Schedule D capital losses, passive losses, correct K-1 capital account basis, and basis losses from K-1s or rental properties, AMT credits, Foreign Tax Credits, the correct calculation of the taxability of prior year state tax refunds on a tax return subject to Alternative Minimum Tax, and many more.  These issues are not covered in a two week tax school.

Can the preparer spot mistakes or missed deductions in the prior year return?  In the case of a mistake or missed deduction, can the preparer give you an honest analysis of the cost/benefit to you of correcting the problem?  Will the preparer tell you that your previous preparer should correct the mistake or missed deduction at no cost to you rather than trying to collect a fee for correcting the problem?

At Howe & Kolodziej, CPAs we are betting that you are seeking a long term relationship with a trusted, experienced, professional CPA advisor who can correctly prepare your tax return at a reasonable price, and that you will return to us for many years.

We are not in the business of consistently not making a profit or we would not have successfully operated a tax practice for over 25 years.  The price you pay will be a fair price....a fair price to you and to us.  We do count on you returning the following year and, hopefully, for many years thereafter.

Many of our clients have been with us for over 15 to 25 years and helped to build our firm by graciously referring friends and relatives.  We are confident that you too will be satisfied with the quality and correctness of your tax return and the service we provide....and we hope that you too will be generous in your referrals to friends and relatives.

If you want to take advantage of our Tax Challenge offer, Contact Us  and step up to a true...professionally  prepared tax return at a reasonable price.

Howe & Kolodziej, CPAs, PLLC
8580 E Shea Blvd Ste 120
Scottsdale, AZ, 85260-6681 Phone: (480) 596-6499 Fax:     (480) 596-6494
info@h-kcpa.com   Member American Institute of Certified Public Accountants Arizona Society of Certified Public Accountants