Licensed ACCOUNTANT preparing income tax returns for all types of customers. Return preparations including E-filing of Federal and State returns. Professional Tax Solutions specializes in individual tax returns and we take clients claiming the earned income credit. High quality work and personalized service. We will save you money over the franchised tax prepartions services. Flat rate fee. No line item charges.

TAX PREPERATIONP
We do all types of tax return for businesses and individuals, our service is fast, and you can get the return within 24 hours. You can send documents by e-mail, by regular mail or we can arrange pick up from your location. Need extension? We can help with that and also take care of your tax payments to avoid penalties. Finally, last but not least we prepare E-file tax return, combined and consolidate returns as well. Our services Include: Tax return preparation for business and individuals, Non profit organizations and private foundations, multi state returns.

TAX PLANNING
It is always better to plan ahead. End of the year is a great time to look at how you are managing your finance and to consider how you might reduce your taxes and improve your business strategies. Tax planning is essential to achieve these goals. Efficient corporate tax planning can result in potentially significant improvement in your bottom line. We offer a range of services to help you minimize your corporate or individual tax exposure. Our tax planning service engaged in ongoing research, planning and consulting services Minimize for mid size to small size businesses and individuals which include: Help you structure a transaction your corporate or individual tax liability. involving securities, real estate, or business assets by implementing efficient Analyze tax implication relevant to your business and;tax planning strategy. transaction and taking full advantage of tax opportunities specific to your industry.

Management and Bookkeeping:
FINANCIAL MANAGEMENT and BOOKKEEPING
We can help you organize your business financial records that will relief you from the administration burden of complying with tax legislation and make it easier for you to track your business activity. Our Financial Management and bookkeeping services gives you the support you need to stay on top of your business activity, find errors or omissions on time. If you just start your business and need to set up your chart of accounts we can help with that. If you bought a business and need clean – up work we can do that too.

Must File for 2007 to Get 2008 Tax Rebate, IRS Confirms
President Bush signed into law the Economic Stimulus Act, the legislation that provides taxpayers with a mid-year tax rebate. And the Internal Revenue Service has outlined its plans for how to process and to distribute those rebates.
The basic plan is that taxpayers will need to file their 2007 tax returns before they can receive their rebate checks. Even though the rebates are technically for 2008, the IRS will calculate the rebates using income information from the 2007 return.
Some people, however, normally don't need to file a tax return because they earn less than the filing requirement. And many retired people living solely on Social Security or veterans' disability pensions usually don't need to file at all since their benefits are non-taxable. This year, however, pensioners and disabled veterans will need to file a return, even if they don't have a dollar of taxable income. The IRS will need individuals to file a return and indicate that they are receiving income that qualifies them for the 2008 tax rebate.

Income documents
• W-2s
• 1099s
• Proof of jury duty pay
• Proof of alimony you received
• Social Security statement (1099-SSA)
• Dividend and interest statements (1099-DIV and 1099-INT)
• Retirement distributions (1099-R)
• Brokerage statements (1099-B), along with statements showing when you bought and sold your investments
• K-1 statements reporting profits from partnerships, trusts, and small businesses,
• Record of income and expenses for your rental property
• Record of income and expenses for your self-employment
Other tax documents
• Summary of moving expenses,
• Summary of educational expenses (college tuition),
• Summary of your child care, day care, or adult day care expenses,
• IRA contributions (traditional, SEP, or rollovers)
• Student loan interest paid (1098-E)
Tax deduction documents
• Health care expenses (doctors, dentists, health insurance, eyecare, medicine)
• Real estate taxes
• Motor vehicle registration
• Mortgage interest paid (1098)
• Gifts to charity
• Last year's tax preparation fees
• Job-related expenses (union dues, job education, uniforms)
• Loss of property due to casualty or theft
• Gambling losses