Tax and Financial Reporting
Our comprehensive services include all tax and regulatory requirements.
For Individuals and Businesses
· 1099 reporting for real estate, certain amounts of precious metals and on January 1, 2012, all
tangible property in excess of $600.00
· Form 8824 is used to report the completed like-kind exchanges.
· Form 4562 is used to report annual depreciation expense.
· Schedule M-1 is used to report differences between book income and like-kind exchanges.
· Circular 230 requires disclosure of tax reporting positions which may be subject to interpretation by
tax authorities.
· Tax Opinion protects clients from IRS challenge, penalties and interest thereon.
Additional Requirements for Businesses Only
· Schedule M-3 is used to specifically identify differences between book income and taxable income,
such as like-kind exchanges.
· Schedule UTP is used specifically identify tax positions that are aggressive or have a 50% or less
chance being sustained if contested, such as poorly planned exchanges.
· FASB FIN 48 specifically identify's on financial statements those tax positions that are aggressive
or have a 50% or less chance of being sustained.
· Sarbanes Oxley for the proper reporting of depreciation.
· Fixed Assets. We provide Fixed Assets services as part of our repetitive equipment exchanges.
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