Individual Income taxes are the focus of our business. For the Chandler, Ahwatukee, Gilbert, and Mesa area we focus on assisting individuals with their individual and business taxes every year. Our tax preparation involves an interview with a tax professional where we will assess your personal situation. This interview allows us to help you minimize your tax liability and take advantage of any federal or state credits you may be entitled to. Several areas that will be discussed are-
- Retirement Contributions (401k, IRA, etc)
- Withholding Amounts
- Rental Properties & Depreciation
- Charitable Contributions
- Changes in family situation (moving, new child, etc)
Back Tax Assistance
There are some instances where individuals may have not filed taxes for prior years, or filed and still owe a balance.
We Can Help! These tax situations can be incredibly stressful. The IRS is the most effective bill collector in the country and can levy bank accounts, wages, and even a home. At Stone & Company we can deal with the IRS for you. We are able to contact them on your behalf, assist in filing all the prior year tax returns, and if necessary negotiate an offer in compromise, payment plan, or non collectible status.
Call Us Today! A back tax issue is not going to go away, however often times it is not as bad as it appears. Let us get you back in good standing with the IRS and sleep easy at night.
Foreclosure or Short Sale
Are you considering either a foreclosure or short sale? Allow us to analyze your situation to help you see the tax implications of this decision. At Stone & Company Accounting we are constantly monitoring the tax situation for the real estate market and are well versed in items like-
- The Mortgage Forgiveness Debt Relief Act
- Purchase money versus second mortgage funds
- Rental property foreclosure implications
Did you spend time abroad working this year? Depending on your situation you may be able to have some or all of your wages excluded. Contact us today to get a complete review of your situation.
Contact us today for a review of your personal tax situation!