Professional Tax Preparation by an Attorney & CPA
Tax preparation should do more than report what happened last year. For business owners, landlords, investors, and high-income taxpayers, the return should be part of a larger process that improves compliance, identifies planning opportunities, and reduces avoidable tax risk.
ColoradoLegal provides strategic tax planning, business tax preparation, and legal tax representation through a professional who is both a Colorado attorney and Certified Public Accountant. The goal is to coordinate the business return, the owner’s individual return, and year-round decisions instead of treating each filing as an isolated event.
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
- Tax Health Check
- Year-Round Tax Advisory
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.
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.