Professional federal and state tax preparation for individuals, families, professionals, retirees, investors, rental-property owners, and taxpayers with more complex filing situations.

Individual Income Tax Return — Form 1040

Preparation of the federal individual income tax return and applicable state returns.

Common reporting matters include:

• W-2 wages and other earned income

• Interest and dividend income

• Retirement and pension distributions

• Forms 1099-R

• Social Security benefits

• Dependents and household-related tax benefits

• Common deductions and credits

• Estimated-tax payments and extension payments

• Rental-property income and expenses

• Schedule K-1 income

• Multistate income and residency considerations

Investments & Equity Compensation

Tax preparation and review for returns involving:

• Brokerage accounts

• Capital gains and losses

• Cost-basis issues

• Restricted stock units

• Stock options and other equity compensation

• Cryptocurrency transactions

• Investment-related tax documents

• Estimated-tax considerations arising from investment activity

Amended Individual Return — Form 1040-X

Review and correction of a previously filed federal return and applicable state returns.

The engagement may include:

• Review of the originally filed return

• Identification of the items requiring correction

• Preparation of the amended return

• Explanation of the resulting refund, balance due, or carryover changes

• Filing instructions and recommended follow-up

Additional fees may apply when substantial reconstruction or multiple tax years are involved.

Nonresident, Dual-Status & Multistate Returns

Preparation and review of selected matters involving:

• Form 1040-NR

• Dual-status tax years

• Changes in U.S. residency

• Part-year and nonresident state returns

• Income earned in multiple states

• Treaty-related reporting considerations

• Selected foreign-income and foreign-account reporting

These matters are accepted only after an initial review of the taxpayer’s residency, immigration, income, and filing facts.

Tax preparation for owner-operated businesses with reasonably organized and complete financial records.

Sole Proprietor & Single-Member LLC — Schedule C

Business-income and expense reporting filed as part of the owner’s individual tax return.

May include:

• Gross-receipt reporting

• Ordinary and necessary business expenses

• Vehicle and mileage considerations

• Home-office reporting

• Depreciation of qualifying business assets

• Self-employment tax

• Estimated-tax planning

S Corporation — Form 1120-S

Preparation of the federal S corporation return and applicable state filings.

May include:

• Form 1120-S

• Shareholder Schedules K-1

• Review of available financial statements

• Balance-sheet reporting when required

• Shareholder basis considerations

• Officer-compensation considerations

• Coordination of entity items with the owner’s individual return

Payroll preparation, bookkeeping corrections, and compensation studies are not included unless separately stated in the engagement.

Partnership — Form 1065

Preparation of the federal partnership return and applicable state filings.

May include:

• Form 1065

• Partner Schedules K-1

• Capital-account review

• Ownership and allocation considerations

• Guaranteed payments

• Partner contribution and distribution reporting

• Coordination of partnership items with the partners’ individual returns

C Corporation — Form 1120

Preparation of federal and applicable state corporate income tax returns for qualifying closely held and owner-operated corporations.

The engagement may include:

• Form 1120

• Review of income and deductions

• Available balance-sheet information

• Officer compensation

• Shareholder transactions

• Estimated-tax considerations

• State corporate filings

Business + Owner Tax Package

Coordinated preparation of the business return and the owner’s individual income tax return.

This service is designed to help ensure that entity income, compensation, distributions, estimated payments, basis information, and other owner-level tax items are reviewed together.

Business Return Scope

Business-return pricing assumes reasonably organized records that agree with the information provided.

Additional fees may apply for:

• Bookkeeping cleanup

• Unreconciled bank or credit-card accounts

• Missing financial statements

• Payroll discrepancies

• Incomplete depreciation records

• Multistate filings

• Multiple owners or complex allocations

• Prior-year corrections

• Unusual or significant transactions

• Substantial tax-basis reconstruction

The required scope and fee will be confirmed before additional work begins.

Taxes should not be considered only when it is time to file. Proactive planning can help you understand your expected tax position, compare available options, and make more informed decisions throughout the year.

Tax Projection & Estimated-Tax Review

A current-year projection based on available income, withholding, payments, deductions, and other relevant tax information.

May include:

• Projected federal and state taxable income

• Estimated total tax

• Review of withholding and payments

• Quarterly estimated-tax recommendations

• Extension-payment estimates

• Comparison of alternative income scenarios

• Identification of potential underpayment exposure

Paycheck & Withholding Review

Review of current paystubs and federal or state withholding to evaluate whether payments appear reasonably aligned with the projected tax liability.

May include:

• W-2 wage projections

• Bonus and supplemental-wage considerations

• Federal and state withholding

• Multiple-job or household-income coordination

• Suggested Form W-4 adjustments

• Estimated-tax recommendations when withholding alone may not be sufficient

Business-Owner & Multiyear Tax Planning

Tax projections and scenario analysis for business owners whose entity activity and individual taxes should be considered together.

Topics may include:

• Business income and owner compensation

• Distributions and estimated payments

• Entity-selection considerations

• Retirement-plan contributions

• Equipment or asset purchases

• Timing of income and deductible expenses

• Capital-gain or loss planning

• Multiyear projections

• Cash-flow effects of proposed tax strategies

Retirement, RMD & Roth-Conversion Planning

Tax-focused planning involving:

• Required minimum distributions

• IRA and pension distributions

• Roth conversions

• Social Security income

• Retirement-account withholding

• Estimated-tax payments

• Medicare income-related tax considerations

• Comparison of alternative distribution amounts or timing

Equity Compensation & Capital-Gain Planning

Tax-focused analysis involving:

• Restricted stock units

• Stock options

• Payroll reporting and withholding

• Brokerage activity

• Cost basis

• Capital gains and losses

• Estimated-tax exposure

• Timing of significant investment transactions

529 & Education Tax Planning

Tax guidance related to:

• 529 plan contributions

• Qualified distributions

• Eligible education expenses

• Coordination with education credits

• Refunds or changes in enrollment

• State-specific tax considerations

Tax-Aware Cash-Flow & Debt-Paydown Analysis

Scenario analysis designed to help clients understand how taxes may affect different cash-flow or debt-payment strategies.

This service may include:

• Comparison of available cash-flow scenarios

• Consideration of deductible and nondeductible interest

• Estimated-tax needs

• Timing of major payments

• Coordination with expected income and tax obligations

This is tax-focused educational analysis and does not include investment management, lending advice, or comprehensive financial planning.

Planning Engagement Note

Projections are based on the facts, estimates, and assumptions available at the time of the engagement. Tax results may change when income, law, personal circumstances, or other assumptions change.

Complex calculations, written analysis, implementation assistance, or substantial advance preparation may require a separate scope and fee.

Received a tax notice, dealing with an unresolved tax-account issue, correcting a prior filing, or needing specialized reporting? Sekov will review the available facts and explain the recommended next step.

IRS or State Notice Review

Professional review of:

• The tax notice

• The related tax return

• Available payment records

• Supporting documents

• Filing and response deadlines

• Available response options

The engagement may include a written or electronic response when included in the approved scope.

IRS Account Review & Representation

Research and representation services may include:

• IRS transcript analysis

• Tax-account research

• Verification of filed returns and payments

• Practitioner Priority Service communication

• IRS correspondence

• Follow-up on unresolved account issues

• Form 2848 Power of Attorney when appropriate

• Assistance with selected state tax-agency matters

Representation is accepted only after reviewing the issue, deadlines, available records, and applicable authorization requirements.

Penalty Relief & Refund Claims

Evaluation and preparation of selected requests involving:

• Failure-to-file or failure-to-pay penalties

• Estimated-tax penalties

• Reasonable-cause relief

• First-time penalty relief when applicable

• Supporting documentation

• Form 843 when appropriate

• Refund or protective claims

• IRS or state follow-up

Relief is not guaranteed and depends on the taxpayer’s facts, compliance history, documentation, and applicable rules.

Prior-Year Corrections & Unfiled Returns

Assistance with:

• Missing federal or state returns

• Amended returns

• Incorrectly reported income or payments

• Carryover corrections

• Residency or state-filing corrections

• Tax-account reconciliation

• Coordination of multiple affected years

The required scope depends on the condition of the available records and the number of tax years involved.

Selected International Reporting

Selected international tax matters may include:

• FBAR / FinCEN Form 114

• Form 8938

• Form 3520

• Form 3520-A

• Foreign gifts or inheritances

• Foreign income and account reporting

• Nonresident and dual-status filings

International matters are accepted only after an individual review. Additional research or specialist coordination may be required for matters outside the firm’s accepted scope.

Tax-Account & Administrative Updates

Assistance may be available for:

• IRS address changes

• Business address updates

• Responsible-party changes

• EIN-related correspondence

• Entity-name changes

• Selected federal or state account-registration matters