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Preparation of Tax Returns

We will prepare your tax return as if it were our own. We will guide you through a full range of tax planning and preparation decisions. Our experience can assist you in many areas including the following.

Optimizing opportunities in the tax laws to reduce your tax liability:

  • Home office deductions
  • Business auto expenses
  • Retirement plan and contributions including SEP, 401k and IRAs
  • Optimal depreciation and expensing methods for business assets
  • Foreign tax credits and exclusions
  • Tax credits, such as first-time homebuyer’s credit, energy credits, and child credits
  • Health Savings Accounts
  • Charitable Contributions

Tax planning and reporting of real estate transactions:

  • 1031 exchanges and reverse exchanges
  •  Installment sales
  •  Purchase and sale of rental property
  •  Short sales, involuntary conversions, and foreclosures
  •  Refinance proceeds tracking for allowable mortgage deduction
  •  Application of excess mortgage interest rules

Multi-state returns

  •  Determining nexus
  •  Other state tax credits
  •  Property basis differences
  •  Residency determination

Get In Touch

At Saranto Calamas, CPA P.C., we've been serving the accounting needs of Port Jefferson, NY and the surrounding areas for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.

Please fill out this form and let us know how we can be of service. We will happily offer you a FREE initial consultation to determine how we can best serve you.

Thank you for visiting. We look forward to working together!

Saranto Calamas, CPA P.C.

640-D Belle Terre Road,
Port Jefferson, NY 11777
T: (631)928-0002
F: (631)928-1492
E: info@saranto.com


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