Tax Services

Tax services are more than a specialty at Berrett Financial. They represent an entire range of specialties, because taxation and tax planning affect virtually every aspect of business and personal finance.  We analyze proposed transactions, identify potential problems and recommend alternative solutions to achieve the desired tax result. Our professionalism, procedural expertise and extensive tax knowledge minimize the level of client anxiety associated with income tax problems.

Each of our Tax professionals combine broad knowledge and experience with exceptional business sense and negotiating skills. We keep abreast of new tax developments, and we make them work for you.

Business Formation

We understand the intricacies of forming a business entity such as an “S” corporation or regular corporation; a limited liability company or a limited  liability partnership; a general or limited partnership. We can help you analyze and strategize when starting a new venture and can provide you with a complete business plan.

Estate, Trust and Beneficiaries

We plan and implement the transfer of wealth between high net worth individuals and their heirs. Our considerable business valuation expertise is crucial in accomplishing that objective. We understand the complexities of trust formation and funding and the use of life insurance trusts, personal residence trusts, charitable remainder and charitable lead trusts to accomplish estate planning goals.

Federal and State Audit

We represent individuals, estates, and companies when they are selected for audit by government agencies. We know how to present your records and positions on tax matters and understand the procedures available to you for accomplishing a successful resolution. If you owe taxes, we can assist you with an installment arrangement or an offer in compromise. To resolve complex tax issues we have requested private letter rulings on complicated tax matters.

Tax Exempt Organization

We are thoroughly familiar with the procedures for the creation of private foundations and other tax exempt entities. Our broad knowledge of tax law in this complex area provides assurance that client organizations will maintain their tax exempt status.

Property Transactions

We provide transactional analysis that includes buying or selling businesses, exchanging properties, selling a personal residence, and merger & acquisition analyses involving stock or partnership interests.

Tax Return Preparation

We are expert at preparing all types of tax returns from a simple 1040EZ to complicated multi-state corporate returns.