TAX SERVICES
Expert Tax Preparation, Planning & Representation
Tax obligations shouldn’t keep you up at night. Whether you’re an individual navigating complex personal finances or a business owner managing multi-state filings, quarterly estimates, and entity elections, Boulder CPAs ensures your taxes are filed accurately, on time, and optimized to minimize your liability.
Our tax professionals stay current on evolving tax laws, deductions, and credits—so you never miss an opportunity to reduce what you owe. We don’t just prepare returns; we build year-round relationships that help you make smarter financial decisions every day.
Individual & Business Tax Preparation
Filing taxes involves far more than completing forms. For individuals, it means capturing every eligible deduction and credit while avoiding costly errors that trigger audits. For businesses, it requires coordinating federal, state, and local obligations across potentially complex entity structures.
Individual Tax Preparation Services:
- Form 1040 and 1040-SR Preparation — Complete preparation of your federal individual income tax return, including all required schedules and attachments.
- Schedule A Itemized Deductions — Strategic analysis of whether itemizing benefits you over the standard deduction.
- Schedule C for Self-Employment Income — Comprehensive reporting of business income and expenses for sole proprietors.
- Schedule D Capital Gains and Losses — Accurate reporting of investment transactions including stocks, bonds, and cryptocurrency.
- Schedule E Rental and Partnership Income — Reporting of passive income from rental properties, partnerships, and S corporations.
- State and Local Income Tax Filings — Preparation of all required state and local returns.
- Multi-State Tax Returns — Navigation of complex apportionment rules and credits for taxes paid to other states.
Business Tax Preparation Services:
- Partnership Returns (Form 1065) — Complete preparation including Schedule K-1s for all partners and basis calculations.
- S Corporation Returns (Form 1120-S) — Preparation with shareholder K-1s, reasonable compensation analysis, and basis tracking.
- C Corporation Returns (Form 1120) — Full-service preparation including estimated tax calculations and accumulated earnings analysis.
- Nonprofit Filings (Form 990) — Annual information returns for 501(c)(3) and other tax-exempt organizations.
- Sales and Use Tax Compliance — Registration, filing, and compliance across multiple jurisdictions.
- Quarterly Estimated Tax Calculations — Proactive calculation and filing to avoid underpayment penalties.
Tax Planning & Strategy
Reactive tax preparation costs you money. Proactive tax planning saves it.
Boulder CPAs works with you throughout the year—not just at filing time—to develop strategies that legally minimize your tax burden while supporting your broader financial goals.
Tax Planning Services Include:
- Year-Round Tax Projection — Ongoing visibility into your expected tax liability for informed decision-making.
- Income Timing and Deferral Strategies — Strategic timing of income recognition and expense deductions.
- Deduction Acceleration and Bunching — Bunching strategies for maximum benefit with increased standard deduction.
- Capital Gains Planning and Loss Harvesting — Strategic decisions about when to realize gains and losses.
- Real Estate Tax Strategies — Including 1031 exchanges, cost segregation, and Opportunity Zone investments.
- Retirement Contribution Strategies — SEP-IRA, Solo 401k, and defined benefit plan optimization.
- QBI Deduction Optimization — Maximizing the 20% pass-through deduction within complex rules.
Entity Structure Optimization
(LLC, S-Corp, C-Corp, Partnership)
Choosing the right business entity—and restructuring when circumstances change—can save thousands of dollars in taxes annually. The optimal structure depends on your income level, growth plans, exit strategy, and personal financial situation.
Entity Analysis Services:
- LLC Analysis — Tax treatment options, operating agreement provisions, self-employment tax implications.
- S Corporation Election — Reasonable compensation analysis, optimal timing, shareholder basis tracking.
- C Corporation Considerations — QSBS planning, accumulated earnings strategies, dividend timing.
- Partnership Structures — Special allocations, guaranteed payments, carried interest structures.
- Entity Conversion Planning — Guidance through conversions while minimizing tax friction.
IRS Representation & Audit Defense
Receiving a letter from the IRS can be stressful. Whether it’s a routine notice, an audit request, or a collections matter, you don’t have to face it alone. Boulder CPAs’s experienced tax professionals represent you directly with the IRS.
Audit Representation Services:
- Correspondence Audits — Response preparation for IRS letters requesting documentation.
- Office Audits — Representation at IRS offices for in-person examinations.
- Field Audits — Comprehensive representation for on-site examinations of business records.
- Appeals Representation — Representation through the IRS Appeals process when audit results are unfavorable.
- IRS Notice Response — CP2000 adjustments, math error corrections, penalty notices, and more.
Back Tax Resolution
If you’ve fallen behind on tax filings or owe back taxes, the situation feels overwhelming—but solutions exist. Boulder CPAs helps clients resolve back tax issues and get back into compliance.
Resolution Services:
- Back Tax Filing — Reconstruction of records and preparation of delinquent returns.
- Penalty Abatement — First-time abatement, reasonable cause relief, and penalty appeals.
- Installment Agreements — Streamlined and non-streamlined payment plan negotiations.
- Offer in Compromise — Evaluation and preparation of settlements for less than full amount owed.
- Levy and Garnishment Release — Emergency procedures to stop active collection.
- Tax Lien Resolution — Payoff, subordination, discharge, and withdrawal options.
- Innocent Spouse Relief — Relief from liability due to spouse’s or former spouse’s actions.
IRS Representation & Audit Defense
Receiving a letter from the IRS can be stressful. Whether it’s a routine notice, an audit request, or a collections matter, you don’t have to face it alone. Boulder CPAs’s experienced tax professionals represent you directly with the IRS.
Audit Representation Services:
- Correspondence Audits — Response preparation for IRS letters requesting documentation.
- Office Audits — Representation at IRS offices for in-person examinations.
- Field Audits — Comprehensive representation for on-site examinations of business records.
- Appeals Representation — Representation through the IRS Appeals process when audit results are unfavorable.
- IRS Notice Response — CP2000 adjustments, math error corrections, penalty notices, and more.
Back Tax Resolution
If you’ve fallen behind on tax filings or owe back taxes, the situation feels overwhelming—but solutions exist. Boulder CPAs helps clients resolve back tax issues and get back into compliance.
Resolution Services:
- Back Tax Filing — Reconstruction of records and preparation of delinquent returns.
- Penalty Abatement — First-time abatement, reasonable cause relief, and penalty appeals.
- Installment Agreements — Streamlined and non-streamlined payment plan negotiations.
- Offer in Compromise — Evaluation and preparation of settlements for less than full amount owed.
- Levy and Garnishment Release — Emergency procedures to stop active collection.
- Tax Lien Resolution — Payoff, subordination, discharge, and withdrawal options.
- Innocent Spouse Relief — Relief from liability due to spouse’s or former spouse’s actions.
Estate & Gift Tax Planning
Protecting your legacy requires more than a will. Effective estate planning ensures your assets transfer to the next generation as efficiently as possible—minimizing estate taxes, avoiding probate complications, and honoring your wishes.
Estate Planning Services:
- Estate Tax Exposure Analysis — Current estate value calculation and future tax exposure projection.
- Gift Tax Planning — Annual exclusion strategies and lifetime exemption utilization.
- Generation-Skipping Transfer Planning — GST exemption allocation and dynasty trust planning.
- Charitable Giving Strategies — Donor-advised funds, charitable trusts, private foundations.
- Family Limited Partnership Structuring — Valuation discounts and succession planning.
- Business Succession Tax Planning — Buy-sell agreements, ESOPs, grantor trusts.
- Trust and Estate Tax Returns — Form 1041, Form 706, Form 709 preparation.
Quarterly Estimated Tax Management
For self-employed individuals, business owners, investors, and others without adequate withholding, quarterly estimated taxes are a year-round obligation. Underpayment triggers penalties; overpayment ties up cash unnecessarily.
Estimated Tax Services:
- Estimated Tax Calculation — Safe harbor analysis and annualized income method options.
- Quarterly Payment Processing — Voucher preparation, electronic payment setup, deadline reminders.
- Mid-Year Adjustments — Estimate revisions as circumstances change.
- Penalty Avoidance Strategies — Annualized installment method elections and withholding adjustments.