Tax Services:

Tax Compliance for Individuals

Sisterson has been providing tax compliance services to owners and executives of privately held companies and to affluent individuals with complex tax issues since 1926. Because of the numerous changes to the Internal Revenue Code over the years, individual tax compliance has become more of a burden to individual taxpayers. Our experienced tax professionals ensure that our clients comply with the complex tax laws while minimizing their tax burden.

Our tax department is equipped to deal with the voluminous federal and state tax laws that affect individuals including all of the following issues:

• Alternative minimum tax issues
• Analyses of joint vs. separate
• Calculation and minimization of estimated tax payments
• Below-market rate loans
• Contributions to IRA, SEP or Keogh plans
• Discharge of indebtedness
• Distributions from retirement plans and IRAs
• Divorce and separation issues
• Domestic employee issues
• Installment sales
• Children under the age of 14
• Maximizing the benefit of net operating losses
• Loss limitations due to basis and at-risk limitations
• Passive activity loss rules
• Maximizing tax benefit from itemized deductions
• Maximizing “Section 29” credits, foreign tax credits, education credits and child care and child tax credits
• Multi-state returns
• Reporting of income and deductions in respect of a decedent
• Issues related to self-employed individuals
• Rules relating to rental real estate and vacation homes
• Related party transactions