Personal Tax Preparation & Planning
Federal and California returns, and planning that keeps April from being a surprise
We prepare federal and California individual income tax returns and help you plan ahead, so you pay what you owe and no more. You work with a CPA, not a seasonal preparer, at our Torrance or Long Beach office.
Tax preparation
• Federal Form 1040 and California Form 540, or 540NR for part-year and nonresidents
• W-2 wages and retirement income
• Self-employment and side businesses (Schedule C)
• Rental properties (Schedule E)
• Stocks, mutual funds and other investments
• K-1 income from partnerships, S-corporations and trusts
• Prior-year and amended returns
If the IRS or the California Franchise Tax Board sends a letter about a return we prepared, we'll help you respond.
Tax planning
Tax preparation reports what already happened. Tax planning looks ahead, while there's still time to change the outcome. We review withholding and estimated payments, retirement contributions, timing of income and deductions, capital gains and losses, and the effects of a home purchase, marriage, a new child or retirement.
California's estimated payments aren't split evenly. Generally, 30% is due in April, 40% in June, nothing in September and 30% in January. Many people miss this and get charged penalties.
Deadlines
Returns are due April 15. An extension moves the filing deadline to October 15, but any tax owed is still due April 15.
What to bring
W-2s, 1099s and K-1s, mortgage interest (Form 1098) and property tax bills, records of charitable donations and childcare costs, income and expense records for any rental or business, and last year's return if you're new to us.
Call (562) 247-5200 to book your appointment.