Philip Falco, Attorney & CPA, provides Denver tax preparation for business owners, landlords, investors, and individuals with complex returns. Services coordinate federal and Colorado filings, business returns, and owners’ individual returns, with planning options for decisions throughout the year.
Discuss the returns you need prepared, your filing history, and any upcoming transactions so the scope of work can be defined before preparation begins.
Discuss Your Tax Preparation Needs
The $500 consultation fee covers up to one hour of total attorney time, including review, analysis, preparation, and the telephone consultation. Return preparation requires a separate engagement.
Find the Preparation Service for Your Returns
- S corporation tax preparation: coordinate Form 1120-S, K-1s, shareholder basis, and the owner’s return.
- Partnership and LLC tax preparation: coordinate Form 1065, partner reporting, and applicable Colorado filings.
- Landlord tax preparation: address rental income, depreciation, expenses, and property transactions.
- Complex individual and high-net-worth tax preparation: coordinate investment, business, and other reporting needs.
Tax Preparation for Business Owners and Landlords
- S corporation returns on Form 1120-S bundled with the owner’s Form 1040;
- partnership and multi-member LLC returns on Form 1065 bundled with partner returns;
- Schedule E rental activity, depreciation, passive-loss analysis, and property transactions;
- estimated-tax planning and year-end projections;
- basis, distributions, compensation, retirement-plan, and documentation review; and
- coordination of tax compliance with legal and business decisions.
Tax Preparation Services
- Tax Strategy & Planning
- Business Tax Preparation
- S Corporation Tax Returns
- Partnership Tax Returns
- Landlord Tax Preparation
- High Net Worth Tax Preparation
- Tax Compliance Review
- Year-Round Tax Advisory
Behind on prior-year returns? Our unfiled tax return services address past-due filings, missing records, and related IRS issues. Review that service if your immediate priority is catching up on earlier years.
Annual Tax Service Packages
Business Essentials
- Form 1120-S or Form 1065;
- owner’s or partner’s Form 1040;
- annual tax-planning meeting;
- year-end compliance review; and
- coordinated business and individual reporting.
Landlord Package
- individual income-tax return;
- Schedule E rental reporting;
- depreciation and fixed-asset review;
- repair-versus-improvement review;
- entity and ownership review; and
- planning for acquisitions and dispositions.
Growth Package
- business and individual return preparation;
- quarterly planning meetings;
- estimated-tax projections;
- entity and compensation review;
- planning for purchases, retirement plans, and distributions; and
- tax controversy coordination when an issue arises.
Why Work With an Attorney and CPA?
Tax preparation often involves legal questions about entity structure, ownership, compensation, basis, liability, real estate, trusts, and federal or state disputes. A combined attorney-and-CPA perspective can integrate compliance, planning, legal analysis, and representation.
How to Prepare for a Tax Preparation Engagement
- Identify the returns and issues. Discuss entity types, owner returns, state filings, missed years, and notices.
- Define the engagement. Confirm which returns, planning work, and other services are included, together with the fees and timing.
- Assemble records. Provide prior returns, current tax documents, financial statements, ownership information, and supporting schedules.
- Coordinate reporting and review. Resolve missing information and review related business, owner, and state reporting before filing.
Records to Gather
Start with prior federal and state returns, W-2s, 1099s, K-1s, estimated-payment records, and any tax notices. Business owners should also gather financial statements, payroll reports, fixed-asset schedules, and records of contributions, distributions, and loans. Landlords should include rental income and expense records and purchase or sale documents.
For specific reporting questions, see our Colorado DR 0106 filing guide and Form 7203 shareholder basis guide.
Frequently Asked Questions
Can the business return and the owner’s personal return be prepared together?
Yes. Coordinating Form 1120-S or Form 1065 with Form 1040 helps reduce mismatches involving Schedule K-1 reporting, basis, distributions, estimated taxes, and state filings.
Can tax planning be included with annual preparation?
Yes. Annual and quarterly planning options are available. Planning is most effective before year-end, when there is still time to act.
Do you represent clients if a return is later examined?
Representation is available under a separate engagement when an IRS or Colorado audit, notice, penalty, collection matter, or appeal arises.
Discuss Your Tax Preparation and Planning Needs
Work with a Colorado attorney and CPA for coordinated business, individual, rental, and planning services.
Tax Preparation Involving Foreign Investments
Foreign investment accounts can require additional tax forms beyond ordinary investment reporting. U.S. taxpayers who hold foreign mutual funds, foreign ETFs, or certain foreign corporations may need specialized PFIC and Form 8621 tax preparation, including analysis of prior-year reporting and the tax consequences of distributions or dispositions.