Luccap Services Pvt. Ltd. provides you with the first step to the preparation of individual income tax returns, including familiarity with these common scenarios: We specialise in extensive knowledge of accounting and tax systems like Ultra Tax, Quickbooks, Xero Books, MYOB, Net Suite, SAP, CCH, Caseware, and others. As our Director, CA Sunita Patodia, holder of PTIN No., we as a team work together to fulfil the needs of our prospects clients requirements.
Our specialisation and the services we provide are:
- Various investment reports, such as Consolidated 1099s from investment companies and K-1s from alternative passthrough investments.
- Reporting for income from rental activities on Schedule E, page 1.
- Reporting on Schedule C for sole proprietorships and single-member LLCs
- Itemised deductions reported on Schedule A include state and local taxes, interest expenses, and charitable contributions.
- Reporting associated with qualified business income deductions.
- Potential preparation of corporate and partnership tax returns (this experience is considered a plus).
- Accounting skills (debits and credits) are necessary to analyse and adjust the client's trial balance.
- Tax depreciation of fixed assets, including bonus depreciation and Section 179 expenses, and reporting on Form 4562.
- Preparations and filling Form 1065, Form 1120S, and Form 1120.
- Tax reporting for these entities, including the pass-through nature of partnership and S Corporation entity types.
- Preparing work papers, trial balances, and other assignments as directed.
- Able to resolve tax queries of the team and the clients.