K-1s from several entities
Operating company, property company, an investment partnership, each with its own basis, at-risk and passive activity treatment that has to be tracked separately.
Tax service
Individual & business-owner returns
A business owner's 1040 is not a simple return. We prepare it as the other half of the business filing, so the K-1, the basis and the estimates all agree.
The problem
Owner returns fail in predictable places
The complexity is rarely in the wage income. It is in everything attached to it.
Estimates set by guesswork
Quarterly payments based on last year's number, in a year when income moved sharply, produce either a penalty or a large interest-free loan to the government.
Multi-state personal filings
Florida residency does not exempt you from filing where the income was earned. A K-1 with apportioned income from four states means four non-resident returns.
What we do
What we handle
Prepared alongside the business return, not as a separate exercise by a separate team.
- Form 1040 with owner complexitySchedules B, C, D and E, multiple K-1s, and the passive activity and at-risk limitations that decide whether a loss is usable this year.
- K-1 and basis reconciliationEvery K-1 tied back to the entity return and to a maintained basis schedule, so distributions and loss deductibility are correct rather than assumed.
- Equity and executive compensationISOs and the alternative minimum tax, NSO exercises, restricted stock and Section 83(b), ESPP dispositions, and deferred compensation timing.
- Investment and property incomeCapital gains and loss harvesting, wash sales, rental schedules, cost segregation flow-through, and Section 1031 exchange reporting.
- Multi-state and residencyNon-resident returns where income is sourced elsewhere, credit-for-taxes-paid coordination, and residency-change documentation for moves into Florida.
- Estimated paymentsSafe-harbor calculation each quarter using current-year data, with vouchers and reminders rather than a January surprise.
- Retirement and charitable reportingBackdoor Roth reporting on Form 8606, qualified charitable distributions, and donor-advised fund contributions substantiated correctly.
How it works
A process you can follow
Four stages, with a defined deliverable at each one. You always know where the work stands.
1
Gather
A personalized request list built from last year's return, so you are not asked for documents that do not apply to you.
2
Prepare
Return drafted as the business filings complete, with K-1 figures traced rather than re-keyed.
3
Review
A walkthrough covering what changed, what drove the result, and what to do differently next year.
4
File & forecast
E-filed, with next year's estimated payment schedule issued at the same time.
Who it's for
Who we prepare returns for
We focus on individuals whose return is connected to a business. We are not a high-volume seasonal preparer.
S-corp shareholders Partners with K-1 income Executives with equity compensation Real estate investors Recent movers to Florida Households with multi-state income Owners with international reporting
Deliverables
What you get
- Federal and all required state returns e-filed
- A basis schedule per entity, carried forward each year
- Quarterly estimate vouchers with safe-harbor calculations shown
- A plain-language summary of what drove the outcome
- One point of contact for both the business and personal returns
15 Apr
Federal individual deadline
110%
Prior-year safe harbor above the income threshold
1
Team handling both business and personal filings
Questions
Frequently asked
Florida has no personal income tax, so there is no Florida individual return to file. But if you earn income sourced to another state (a K-1 from an entity operating there, rental property, or days worked in that state), that state will generally require a non-resident return. Florida residency does not exempt you from other states' filing rules.
We use current-year projections where the business gives us reliable data, and fall back to the prior-year safe harbor where it does not. The safe harbor is 100% of last year's tax, or 110% if your prior-year AGI exceeded the threshold. Paying to safe harbor eliminates the underpayment penalty even if you ultimately owe more.
Documenting the move contemporaneously. High-tax states scrutinize departures and look at where you spend your days, where your home and vehicles are registered, where your professional and social ties sit, and where you vote. A part-year return will be needed for the state you left, and the case for the residency date is far easier to make while the evidence is current.
Yes. We prepare returns for clients across the country and are set up to work remotely: secure document exchange, electronic signature, and video review meetings. Our Florida base is where we sit, not a limit on who we serve.
Related
Often paired with
Business Tax Returns
Forms 1120, 1120-S and 1065 filed accurately and on time.
Learn moreOwner, Executive & Succession
Compensation, retirement and exit planned together.
Learn moreInternational Tax Compliance
FBAR, FATCA and Forms 5471 / 5472 done right.
Learn more