Taxes by Kevin Strel
Your tax needs are as individual as you are, so our approach to your preparing your income taxes is tailored to your specific situation. Here are some of the common tax issues we can handle.
Individual Wages – Taxes reported on a W-2 are the most common form of taxes around. If all you have is a W-2 form from your employer, then your taxes can be fairly straightforward and relatively quick to prepare.
Business Taxes – We can prepare your sole proprietorship, S-Corp or partnership returns, and make sure your business expenses are correctly categorized. We are especially knowledgable about the challenges of online businesses, as owners of our own successful internet shop.
Foreign Income? US Citizens that live and work outside the USA can take advantage of the foreign income exclusion. We'll make sure it is done correctly. We can also help with other situations involving foreign income.
Employee Stock Options – A common error is to double declare income when entering exercises of employee stock options. We'll make sure this doesn't happen.
Your Home – Do your own, or are planning to purchase? Be sure you take advantage of the property tax and mortgage interest deductions.
- Selling your house? Reporting capital gain or losses from the sale of a home. Reporting and deferring gains and losses. We can also help with short sales.
- Rental Income – If you own rental properties, including homes, trailers, apartments or more, we can properly handle the reporting of your income, expenses & deductions so you won’t have to worry.
- Small Farm – We can help prepare Form F and take the special deductions available to farm owners.
- Investment Income –
We can help you correctly report stock trading activity and partnership income reported on K1's. We can also help with stock options, blockchain and other complex trading activity.
- Recently Married? Filing jointly is usually better than individually. We'll figure it out for you.
Kevin Strel is enrolled to practice and represent clients before the IRS.
Our office is located inside Spiceberry Home in Burton, on Vashon Island. We can also make in person visits to businesses and clients in West Seattle. We'll be happy to help with simple tax questions over the phone at (206) 463-4628 when we can.