Individual Tax Return
Multi-States Taxes
Lived and worked in multiple states? No worries. Our extensive experience makes multistate tax filing a breeze.
If you’ve lived and worked in more than one state, we’ve got you covered. Our wealth of experience in assisting individuals with such complexities of filing multiple state taxes can provide significant tax savings.
Investment Income
Investment income frequently harbors hidden complexities. At BK, we excel in tax savings achieved through precise reporting of your investment tax basis. The manner in which you acquire stocks and other assets can profoundly shape your tax situation. For instance, reinvesting dividends or inheriting and selling a house from a family member carries substantial implications for your tax basis. This, in turn, can lead to significant tax savings or even the elimination of your tax bill.
Tax Credits
At BK, we are dedicated to maximizing your eligible tax credits. Whether it's the Child Tax Credit, American Opportunity Credit, Child and Dependent Care Credit, Renewable Energy Credit, or a range of other credits, we're committed to ensuring you receive every benefit you're entitled to
Tax Deductions
Individual tax filers, including Military Reservists, National Guard Members, and even Qualified Performing Artists (with certain workarounds), can still benefit from deductions using Form 2106. Moreover, deductions for medical expenses, mortgage interest, property taxes, and charitable contributions remain available
Schedule C & E Filings
Schedule C (Self-Employed) and Schedule E (Real Estate) are intricate forms that profoundly influence your personal finances, tax obligations, and the overall success of your venture. The guidance of a tax advisor for strategic tax planning is invaluable. In real estate, it's often said that the profit or loss of a venture is determined at the tax table. Many solopreneurs neglect essential business tax planning, missing out on deductions that could provide the savings needed to launch their business successfully. Partnering with BK ensures you receive the professional guidance necessary to maximize your tax savings. Contact us today to leverage our expertise for your Schedule C or Schedule E venture, enhancing your business and financial success.
Tax Planning & Consulting
At BK, we provide comprehensive tax consulting services tailored for both individuals with and without businesses. We specialize in uncovering underutilized tax-saving strategies, particularly beneficial for W-2 earners and High Net Worth individuals. For instance, leveraging Health Savings Accounts (HSAs) as a potent tax-saving and investment tool is often overlooked. We will collaborate closely with you to craft a personalized tax strategy and explore tax planning options that align with your financial goals and lifestyle. Partner with BK today to optimize your tax efficiency and secure your financial future.