Fort Lauderdale Tax Preparation for Individual and Corporate Tax Returns

Tax time can be very stressful for corporations and individuals. ETBS LLC is here to relieve your stress. We have experienced and certified tax professionals that will provide high quality tax services with quick turn-around time.

 

All of our tax services include a free phone consultation. We apply every legal tax deduction to reduce your taxes. When we are completed with your tax return we will contact you to discuss ways you can reduce your taxes in the future.

 

Tax Services we offer:

 

Personal Tax Preparation, Self-Employment Income

Business Tax Preparation

Partnership Tax Preparation

Rental Properties

Depreciation

Gift Tax

Sales Tax

Tax Planning

Forms Preparation of 1099 and W2

All of the following tax specials packages include:

Tax Preparation
E-Filing to the IRS

Extra copies of tax returns at no additional charge.
Free 30 minutes phone consultation with an accredited tax professional.

1040EZ : $79.00 For Single or Married filing jointly filers under $100K yearly income, taxable interest below $1,500, no dependents, under age 65 and not blind. NO itemized deduction (only) Standard Deductions.

 

Form 1040 (Without) Sch. A Standard deductions (W2) Employees and Earned Income credit (EIC): $129.00

Form 1040 With Schedule A Itemized Deductions: $169.00

 

NOTE: If additional forms or schedules are required there will be additional fees assessed.

 

Any interest and dividend income should be reported to you by the payer on Forms 1099-INT and 1099-DIV, and this information should be sent to you each January. Each amount listed on each 1099 form must then be recorded on Schedule B of the Form 1040 tax return.

Schedule D: Is used by taxpayers to report their realized capital gains or losses. Investors are required to report their capital gains (and losses) from the sales of assets, which result in different cash values being received for them than what was originally paid, in order to affix some amount of taxation to the income and wealth that is generated through investment activities.

Allowable Itemized Deductions for Schedule A

There are seven basic categories for deductions to taxable income on Schedule A.
Medical and Dental Expenses. Only the amount over 7.5% of adjusted gross income can be used as a deduction.

Taxes Paid. The taxpayer can deduct the greater amount between state and local income tax or general sales tax. Real estate tax and new motor vehicle taxes (registration fees) can also be deducted.

Interest Paid. Interest and points paid on a home mortgage can be used as well a certain home insurance premiums and interest on investments. Interest paid on personal loans cannot be used.

Gifts to Charity. Payments made to charitable organizations as well as tangible gifts can be deducted.

Casualty and Theft Losses. There's a host of losses that can be deducted. Use Form 4684 to calculate losses.

Job Expenses and Certain Miscellaneous Deductions. If the taxpayer had out of pocket expenses related to their job, the amount over 2% of adjusted gross income can be used. Other expense like tax preparation fees can be listed in this section.

Self Employment Form 1099-Misc
(Form 1040) with one (Schedule C): $189.00
*Additional Schedule C's $99.00

 

NOTE: If additional forms or schedules are required there will be additional fees assessed.

A sole proprietorship, also known as a sole trader or simply a proprietorship, is a type of business entity is owned and run by one individual and in which there is no legal distinction between the owner and the business. The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts.

The same applies to an "Independent Contractors" that work for themselves and receive a 1099 form. They will need to file a Schedule C.

Schedule C - Profit and Loss from Business

Schedule C is the first step for figuring taxable income from a home-based business. Discover what can be deducted from revenue to determine taxable income the schedule is made up of four parts.

Part I - Income
Part II - Expenses
Part III - Cost of Goods Sold
Part IV - Information on Your Vehicle
Part V - Other Expenses

The income section (Part I) is where gross revenue generated from the business is listed. If the business sells a product, the total from Part III, cost of goods sold is subtracted from gross revenue to determine gross profit. Other related income, as well as returns, must be included in this section.

Rental Income with one property (Schedule E): Starting at $249.00
Each additional property $ 49.00

 

NOTE: If additional forms or schedules are required there will be additional fees assessed.

Subchapter S corporations and LLC multi members Form (1120S): Starting at $349.00.

Partnership Return (Form 1065): Starting at $349.00. For all corporate filing, the following will be required before preparing the return: Yearly Financial Reports: Income Statement and Balance Sheet. Includes 2 K1's.

 

NOTE: If additional forms or schedules are required there will be additional fees assessed.