Individual Income Tax Returns

Do you fear tax time?  If you said yes, then you are not alone.  Millions of Americans fear filing their Income Tax Return every year.  This is why we're here, to assist you with this process, educating you along the way and help you have the best possible outcome.  We specialize in all types of tax returns with years of experience.
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-Small Business/Sole Proprietor (Schedule C)
-Rental Properties with or without assets (Schedule E)
-Farm Returns with or without assets (Schedule F)
-Retirement Income and Social Security Benefits
-Education Credits
-Itemized Deductions (Schedule A)
-Investment Income such as Interest/Dividends/Stock Sales (Schedule B and Schedule D)
-Simple W-2 Income Tax Return (Form 1040)

Business Tax Returns

Do you have a Partnership, Corporation, or S-Corporation?  Are you interested in starting your own business corporation and do no know where to start?  Do you need to file an estate return for a recently deceased love one?  Have you given or received a large sum of money as a gift?  If you said yes to any of those questions, you are in the right place.  Preferred Business Services is capable of assisting you with filing your corporate returns.  If you are wanting to establish your own corporate entity, we can assist you with that as well.  Below are listed the types of Business Entity Tax Returns that we can assist you with filing and being able to provide you with the necessary Form K-1(s) that you will require for your personal return.

-U.S. Return of Partnership Income (Form 1065)
-U.S. Corporation Income Tax Return (Form 1120)
-U.S. Income Tax Return for an S Corporation (Form 1120S)
-Income Tax Return for Estates & Trusts (Form 1041)
-United States Estate (and Generation-Skipping Transfer) Tax Return (Form 706)
-United States Gift (and Generation-Skipping Transfer) Tax Return (Form 709)

Non-Profit Organizations

Did you know that there are more than 1.5 million nonprofit organizations registered in the United States?  Are you affiliated with any Nonprofit Organization(s)?  Have you ever thought about starting a Nonprofit Organization? If you are unsure of either of these questions, give us a call and we can talk to you more about how Nonprofit Organizations work.  If you are involved with an established organization, make sure that the organization is timely filing their tax return to avoid losing their Nonprofit Status.  Below are the different types of Nonprofit Returns that may need to be filed based on your organizations structure.

-Form 990-N, known as Postcard Return
-Form 990-EZ, this is the short form for Nonprofit Organizations
-Form 990- normal form for Nonprofit Organizations
-Form 990-PF-Private Foundation Nonprofit Organizations