Tax Stories

We offer an accurate, trusted, dependable tax service to our customers located all across the United States. Our clients have rated us 5 star in reviews. Our tax service has saved our clients more than $450,000 in 2025. Here are some tax stories that demonstrate our tax service.

The use of a S corp for investment business saved our client $88,000 in 2024.

Using stepped basis for a grantor trust saved $ 47,500.00 in capital gains tax for a California trust.

Using Sec 121 home exclusion for a senior home owner coupled with stepped up basis saved a client $10,000.00 in federal tax.

Saved $29,700.00 for a trust in 2025 as it is selling a real estate investment. California has a 3% withholding on R/E sales but in this case a trust's stepped up basis from the decedent produced no capital gains subject to state withholding.

Client, a senior woman, sold her home for $500,000. There was no tax due as we used her $250,000 capital gain exclusion, and stepped up basis from an inheritance from her husband. This saved her more than $40,000 in federal tax.

Son realized his aging parents had not filed past tax returns. We prepared and filed years 2021 and 2022 federal and state tax returns. We also amended TY 2024 for omitted income. TY 2021 refund will offset taxes owed on TY 2022. 

A Florida S Corp saved $93,000.00 on their medical service corporation.

A California S corp saved $7,000.00 who operated a construction firm.

A California trust saved $47,000.00 in the sale of real estate using a stepped up basis thereby reducing its capital gains.

This tax season we advised a citrus grower that a S corporation could save them $12,000 in federal self employment taxes, which we could easily create for his business.

E-filing offers a fast way to get your tax returns filed on time. In 2025 we will be e-filing hundreds of tax returns for our clients. 

To date in 2025, our tax refunds average $4,500.00. Why wait; getting your 2024 taxes done ensures the IRS pays you the tax refund you have earned.

 Not sure of tax effects for a pending transaction. Give us your data to analyze. With Proseries software we can project future taxes for anticipated income or expenses. 

Filing Form 990 annually is crucial to maintaing your club's tax exemption. We've assisted several nonprofits during 2025 in filing its Form 990 and local Form 199 to meets its annual compliance requirements. 

If you have a similar type organization that needs a federal/state tax exemption or need to file federal Form 990, please contact us.

This year we helped a number of new clients in answering more than 300 Yelp requests.  From these answered requests, we've completed federal and state tax returns for some of these clients in 6 different states.

We require: 

• Well organized, accurate records
• Substantiation of tax deductible expenses
• Dedication to get the job done