Tax Preparation in Chapel Hill
Even in today’s software savvy world of finance, completing a tax return can be tricky. Often, individuals and businesses miss out on tax cutting opportunities that a seasoned certified public accountant would find. At C.E. Thorn, CPA, PLLC., we want to help you maximize your revenue by providing professional accounting assistance.
Our Chapel Hill CPA team can review your returns to find those deductions and credits you may have overlooked. Why miss out on extra income, when you can let the tax law work for you!
We will be available to answer any financial questions you may have and will continue to provide you professional accounting support to help you maximize your income.
Checklists for Tax Cuts
Here are a few items to check if you qualify for tax cuts or tax saving deductions. These are great advantages to be aware of when preparing your tax return.
Individual tax preparation checklist:
- 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
Investor tax preparation checklist:
- Tax-free municipal bonds
- Long-term capital gains and dividends
- Rental property
- Tax-free exchange
- Low-income housing credit
- Small business stock rollover
Small businesses tax preparation checklist:
- Home office deduction
- Keogh plan
- SIMPLE plan
- 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
Let a Qualified Tax Preparer Find Your Tax Breaks
You can trust the accountants at C.E. Thorn, CPA, PLLC., to look out for your financial future. Our Chapel Hill accounting professionals have been providing quality service for more than 20 years.
We prepare hundreds of returns each year for local individuals and small businesses. Find out why we are the Triangle’s preferred accounting choice!
Call (919) 420-0092 today or complete the contact form to schedule a consultation with our financial team learn how you can benefit from our expertise.