Personal Tax Preparation​

personal tax preparationPersonal tax preparation can be a massive undertaking which can feel like endless hours of finding, sorting, and matching documents to records. The U.S. tax code can be complex and difficult to understand and to accurately submit your return, you’ll need to organize and prepare all relevant document. You may have decided to use a software option like TurboTax, HR Block, or TaxAct for your taxes. However, self-preparation tax software is unable to answer whether you qualify or not for a credit or deduction. The risk of preparing one’s own taxes is missing out on legal deductions, as well as making other mistakes in the complex filing process. Also, by filing your tax return without assistance, you are 100% accountable for your return.

You have better things to do with your time! Consult Gallati tax specialists and personal tax preparation experts. Our professional tax services can make the process much smoother.

GPS offers a basic guarantee that if we are responsible for a mistake on your tax return, we will fix the issue without charge and pay any penalties associated with the mistake as long as we are notified immediately (taxpayer is responsible for any tax and interest due).

Our fee for personal tax preparation begins at $350 and increased depending on the organization of your record keeping, the number of forms & schedules, and if you use our simple, fillable PDF tax organizers. Although the above fee range includes one state tax return, the preparation of additional states is $75 per state tax return ($100 for CA & NY state tax returns). If you have a business reported on Schedule C, please see our Sole Proprietor & SMLLC Services page.

The cost of your personal tax preparation includes the following services:

  • Annual personal federal tax return (Form 1040) with all required forms & schedules
  • Annual personal state(s) tax return with all required forms & schedules
  • Home office and mileage deduction (Form 2106), if applicable
  • Calculation of your safe harbor quarterly estimated tax payments, if applicable
  • E-filing
  • Full year, 24/7 access to your online document storage through your private portal for your tax documents
  • Use of mobile app for uploading picture documents to your portal
  • Reduced rate for research regarding your complex tax questions
  • Reduced rate for IRS & State notice and audit support
  • Full year phone & email support throughout the year for your tax and business questions

Personal Tax Preparation with Rental Properties

As the owner of a rental property, you know that there are many unique tax reporting and planning requirement for rental properties. In addition, those that qualify as real estate professionals have strict guidelines that they must adhere to keep their qualifications without triggering an IRS audit.

Whether you are converting a personal residence to a rental income property or participating in a Section 1031 exchange to defer capital gains, GPS has the knowledge and experience properly report and advise you on your rental properties and determine if you qualify as a real estate professional.

Our fee for personal tax preparation with rental properties begins at $450 and increases depending on the organization of your record keeping, the number of forms & schedules, the number of rental properties, and if you use our simple, fillable PDF tax organizers. Although the above fee includes one state tax return, the preparation of additional states is $75 per state tax return ($100 for CA & NY state tax returns).

The cost of your personal tax preparation includes the following services:

  • Annual personal federal tax return (Form 1040) with all required forms & schedules
  • Annual personal state(s) tax return with all required forms & schedules
  • Home office and mileage deduction (Form 2106), if applicable
  • Depreciation of rental properties & assets
  • Passive loss calculations
  • Calculation of your safe harbor quarterly estimated tax payments
  • E-filing
  • Full year, 24/7 access to your online document storage through your private portal for your tax documents
  • Use of mobile app for uploading picture documents to your portal
  • Reduced rate for research regarding your complex tax questions
  • Reduced rate for IRS & State notice and audit support
  • Full year phone & email support throughout the year for your tax and business questions

Early Bird Specials

All tax preparation firms benefit from clients organizing their information. At GPS, we share this benefit with you. The earlier you provide your current year individual income tax information to us, the lower your fees. See the following table for details on our discounts towards your individual income tax return:

Provide all data to us by:

February 15th (save 15%)
March 1st (save 10%)
March 15th (save 8%)

Rush Fee

Individual, fiduciary, and gift tax return information received between March 31st and April 18th, and between September 30th and October 16th will be assessed a 25% rush fee.

For more information on our Personal Tax Preparation Services, contact the team at Gallati today.

Tax Services

Business Consulting

Business Consulting

Just like in raising a child, it takes a village to grow your business into a successful enterprise. Gallati Professional Tax Services provides various tax and business management consulting services to help you make the right decisions about growing...
Corporate & Partnership Tax Preparation

Corporate & Partnership Tax Preparation

Federal and state tax laws are a revolving door, and with regulations constantly in flux, corporations and partnerships are at an increased risk of noncompliance. Gallati Professional Services (GPS) offers a full complement of corporate and small business...
Estate, Trust, & Gift Tax Preparation

Estate, Trust, & Gift Tax Preparation

Often, you will find that you’ve become a trustee or an executor of an estate without preparation or during a stressful life event, like the death of a loved one.We’re here to help you understand the importance of estate tax preparation, how the tax...
Personal Tax Preparation​

Personal Tax Preparation​

Personal tax preparation can be a massive undertaking which can feel like endless hours of finding, sorting, and matching documents to records. The U.S. tax code can be complex and difficult to understand and to accurately submit your return, you'll n...
Small Business Service Packages

Small Business Service Packages

There are often times when a business owner does not want to worry about their business finances and personal taxes and focus on their passion. The following professional tax services provide a business owner the piece of mind and the predictable cost...
Sole Proprietor or Single Member LLC (SMLLC) Tax Preparation

Sole Proprietor or Single Member LLC (SMLLC) Tax Preparation

Starting a small business is a very exciting endeavor that comes with its own challenges. Most business owners have an extreme passion for what they do but are unable to meet the administrative demands of running their own business. It is essential that...
Tax Planning

Tax Planning

Tax planning is the key to successfully and legally reducing your tax liability. By making tax planning part of your yearly strategy, you can use our experience and access to the most current new developments in the tax laws. We help you customize the...
Tax Representation

Tax Representation

Getting news of an audit sounds like your worst nightmare. It’s difficult on many levels. It takes a tremendous amount of time (that you probably don’t have to spare) to gather all the records and documents necessary. And, of course, it’s stressful. Beyon...
Virtual Bookkeeping

Virtual Bookkeeping

Is your accounting in a shoebox? Do you know if you’re making money? Are you tired of giving up nights and weekends to do your small business accounting and bookkeeping?If you would like to spend more time doing the business you love and less time d...