Raleigh, NC Tax Preparation Services

Today's tax laws are so complicated that unless your financial affairs are extremely simple, chances are you will benefit from at least occasional help from a Raleigh tax preparation professional. It is too easy to overlook deductions and credits to which you are entitled if you prepare only one return a year. Even the use of computer software is no substitute for the assistance of a seasoned local tax preparer.

We are a certified public accounting (CPA) located in Raleigh, NC and we prepare hundreds of tax returns every year for local individuals and small businesses. We know what to look for when your tax return is prepared. More importantly, you will have someone to answer your tax and financial questions during the rest of the year. And we can put you on our mailing list to receive timely tax, business, and financial advice.

Raleigh, NC Tax Preparation: Your Tax-Cutting Checklist

Whether you’re a wage earner, an investor, a business owner, or all three, you should use the tax-cutting benefits available in the tax law. There is little to be gained by paying more tax than the law demands.

Identify the tax-savers for which you qualify. Here’s a tax-cutting checklist to get you started. Check the list to see if there are tax breaks that you are overlooking as you prepare your taxes.

For Individual tax preparation in Raleigh, NC:

• Roth IRA
• Rollover to Roth IRA
• Tax-deductible IRA
• Child tax credit
• Income shifting to children
• Child care credit
• Earned income credit
• Lifetime gifts
• Education savings accounts
• Education expenses
• Hope scholarship credit
• Lifetime learning credit
• Bunching deductions
• Flexible spending accounts
• Health savings account
• Donating appreciated assets instead of cash
• Qualifying property for personal residence gain exclusion
• Best filing status
• Shifting income or deductions from year to year
• Adoption expense credit

For Investor tax preparation:

• Tax-free municipal bonds
• Long-term capital gains and dividends
• Rental property
• Tax-free exchange
• Low-income housing credit
• Small business stock rollover

For Small Businesses tax preparation:

• Home office deduction
• Keogh plan
• SIMPLE plan
• SEP
• 401(k) plan
• First year expensing of business equipment
• Bonus depreciation
• Year-end bonuses
• Bad debt write-off
• Disabled access credit
• Other business tax credits
• Tax-free exchange

Contact our Raleigh tax preparation firm if you have questions or want more information on these and other strategies that could reduce your taxes.

C.E. THORN, CPA, PLLC
Certified Public Accountant
3725 National Drive, Suite 225
Raleigh, NC 27612
(919) 420-0092 • Fax: (919) 420-0231
E-mail Carson Thorn, CPA