About Us
We use a team approach with one member being your primary contact, however, all members of the firm can assist you with any questions or concerns you may have. Since we do not use junior accountants to input your data, you will have consistent continuity with your primary contact from year to year. This is very unusual in the tax accounting industry. TCML provides a broad range of tax services.
Individual Taxation
We prepare individual tax returns for a wide range of clients. We have extensive knowledge in: passive losses; hedge fund investments and the various disclosure requirements that may arise from these investments; foreign transactions including the foreign tax credit, foreign earned income exclusion, and various informational foreign disclosures; and non-resident state filing requirements and preparation. We are always working with our clients to help them reduce their tax liabilities through various tax planning strategies.
Trust/Estate Taxation
The trust and estate tax world is one that is incredibly complex and must be structured in certain ways to ensure that the intentions of the clients are managed properly. We typically work closely with any attorneys who have been involved in drafting the agreements/wills to ensure that the intent is properly carried out. While we do not typically prepare Estate Tax Returns (Form 706), we are frequently involved in the filings for the Estate Income Tax Return (filed on Form 1041).
Gift Taxation
When necessary, we assist our clients in the proper filings required to report any gifts given during a calendar year. We consult with our clients to try and maximum the annual exclusion gifts and minimize any gifts that will go against a client’s lifetime exemption.
We typically work alongside our clients’ lawyers, when applicable, to ensure that all parties agree that the goals of the client are being met.
Partnership/LLC/S Corporation Taxation
Many of the entity tax returns that we prepare are companies owned directly by our individual clients. We have extensive experience with all aspects of partnership and S corporation tax law. We are also involved in all stages of a company, beginning with the review of any partnership or operating agreements and ensuring that everything is structured properly from a tax perspective, to the annual workings of the company, to the most tax advisable strategies for the termination of a company – whether it be a merger, acquisition or liquidation.