Trinity Tax Services has been in operation for over Fourteen years servicing the greater Atlanta and Metropolitan areas. During this time Trinity Tax Service has provided Tax services to over ten thousand clients. Trinity Tax Service has earned IRS accommodations for never receiving an audit, and is on track to continue their success.
- Tax Preparation for individuals and corporations (1040A, 1040EZ, Schedule A&C)
- IRS tax law education
- Providing recommendations and training on the language and correct use of tax forms to acquire 100% completion
- Calculate refunds or overpayments using IRS approved software
- Directly connect with the IRS providing accuracy of forms and tax tables.
- Servicing out of state clients
- Second look reviews is a service not just for individuals, this applies to small businesses also. If you have any doubts about the way your return looks, we’ll go back over them to assure you qualify for all of the tax credits you deserve.
IRS Audit Support is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate. Trinity Tax Services walks with you so you will know your rights as a taxpayer, provide detailed information regarding how to prepare for an audit & assist with records needed, even up through the appeal process if needed. Support you can count on!
Preparing S Corporation Returns
• Summarize the pros and cons of operating a business as an S corporation
• Determine if a business is eligible to be an S corporation
• Explain how to make the S election, including late elections
• Complete a basic Form 1120S, including Schedules L, M-1, and M-2
• Identify separately-stated items and properly report them on Schedules K and K-1
• Determine how distributions from an S corporation are taxed
• Calculate a shareholder’s basis in the S corporation
Beyond the 1040
Knowledge of tax preparation by examining several itemized deductions in depth. Analyze the deductibility of unusual items, such as the cost of in-home health care or special schools, the interest-tracing rules, travel away from home and the foreign tax deduction.
• Examine special medical expenses, including in-home health care and qualified long-term care services.
• Decide which taxes to deduct on Schedule A.
• Determine whether to deduct foreign taxes or claim a credit for them.
• Analyze the home mortgage interest deduction.
• Discuss charitable contributions of property and the applicable reporting requirements.
• Examine deductible employee business expenses.
The inflation-indexed updates for preparing individuals’ 2011 tax returns, new tax laws applicable to 2011 and recent developments with two hours of Ethics.
• Identify deductible investment expenses and losses
• Identify common inflation-indexed items for the 2011 tax year
• Familiarize yourself with new provisions that impact the 2012 filing season
• Provide your clients with planning considerations for the upcoming year
• Summarize your duties under Circular 230 and avoid preparer penalties
*The National Association of Tax Professionals (NATP) is registered with the Office of Professional Responsibility, Internal Revenue Service, as a provider of continuing professional education for those individuals enrolled to practice before the Internal Revenue Service (Enrolled Agents) and Registered Tax Return Preparers (RTRPs). Sponsor Number: 174.