The Roth conversion that made sense
A retired couple in Plantation had low income for two years before Social Security. We projected their brackets and they converted part of an IRA each December while staying in their target bracket.
Tax planning
Details changed and names removed to protect privacy. Results depend on each person's facts; these are examples, not promises.
A retired couple in Plantation had low income for two years before Social Security. We projected their brackets and they converted part of an IRA each December while staying in their target bracket.
Tax planning
A Davie café owner hadn't reconciled since opening. We rebuilt 24 months from bank and POS data, filed both late business returns, and moved them onto monthly bookkeeping.
Bookkeeping cleanup
The IRS proposed tax on stock sales reported with no cost basis. We documented the original purchase prices and the proposed balance was reduced to a small fraction of the original notice.
Notice response
A roofing contractor moved regular crew members to payroll after a classification review with his attorney. We set up payroll, RT-6 reports, and workers' comp reporting.
Payroll setup
A family moved mid-year. We prepared part-year New York and federal returns, documented the change of domicile, and allocated remote-work income correctly.
Multi-state return
A salon owner hadn't filed retail product sales tax for three quarters. We filed the missing DR-15s, arranged payment, and now file monthly from her POS reports.
Florida sales tax
A condo owner had rented a unit for five years without claiming depreciation. We corrected it going forward with the proper accounting method change.
Rental property
An IT consultant asked about an S corporation. We modeled payroll costs and extra filings against self-employment tax savings; the election made sense, and we set it up for the next year.
Entity review
After a family illness, a client fell four years behind. We pulled IRS transcripts, prepared all four returns, and set up an installment agreement for the balance.
Catch-up filing
A partnership filed late the year its previous preparer retired. With a clean prior history, we requested first-time penalty abatement and the late-filing penalty was removed.
Penalty relief