Personal Tax Preparation

Individual – 1040, 1040A and 1040EZ. Our tax preparation interview includes intensive questions about allowable deductions, tax credits, and income adjustments to help clients minimize his/her tax liability and maximize refund.
Multiplex Accounting and Tax Services provides tax preparation services from simple to the most complex individual income tax returns form 1040. This includes reporting of business income and expenses as sole proprietorship reportable on Schedule C (Profit or Loss from Business), Farming income and expenses reportable on Schedule F (Profit or Loss From Farming) and Profit and Losses for a single member LLC and special State reporting and tax payment requirement. Some of the other complex tax preparation that you can count on Multiplex Accounting tax expertise, include returns with the following characteristics:

– Capital Gains and Losses from sale of stock and bonds and other investment properties.
– Reporting of Employee Stock Option to avoid capital gain.
– Sales of Business Property:
The sale or exchange of property.
The involuntary conversion of property and capital assets.
The disposition of non-capital assets.
The disposition of capital assets not reported on Schedule D.
The gain or loss for partners and S corporation shareholders from certain section 179 property dispositions by partnerships and S corporations.
The computation of recapture amounts under sections 179 and 280F(b)(2) when the business use of section 179 or listed property decreases to 50% or less.
Gains or losses treated as ordinary gains or losses, if you are a trader in securities or commodities and made a mark-to-market election under Internal Revenue Code section 475(f).
– Reporting Installment Sale of property or business.
– Foreign Income reporting and foreign income exclusion.
– Domestic Partnership income tax return.