Site icon Best Financial Advisor – Gilbert, Chandler, Mesa, Queen Creek



Did you know that every 4 out 5 tax returns contain errors, and those errors may be causing you to overpay on your income taxes.


Our clients receive proactive advice on tax reduction strategies based on income, expenses, individual needs, and goals.


Running a business is already a time consuming and overwhelming feat. Don’t allow your bookkeeping and payroll obligations distract you from what you are good at…

807, 2020

Revocable Trust Taxes

By Annick Rodarte|2020-09-25T08:59:32-07:00July 8th, 2020|Tax|

Revocable Trust Taxes Revocable trust taxes come into play after all parties that created the trust are deceased. Typically, during the lifetime of the grantors, there is not any special tax consideration. In this article, we will briefly go over revocable trust taxes and beneficiary taxation. Interest and Principal A trust fund is broken into two different categories: principal and interest. Principal refers to any assets placed into the trust before the grantors pass. [...]

306, 2020

10 Common Forms Your Tax Preparer Needs

By Annick Rodarte|2020-09-25T09:59:32-07:00June 3rd, 2020|Tax|

Common Forms Your Tax Preparer Needs Though everyone’s situation is different, there are generally 10 common forms your tax preparer needs to complete your taxes. Typically, it is best not to go meet with your preparer until you have all your forms. In this article, we will help you identify 10 common forms your tax preparer needs and what they are used for. 1. W-2 If you are classified as an employee of a [...]

1604, 2020

Schedule 3-Additional Credits and Payments

By Annick Rodarte|2020-09-25T11:06:45-07:00April 16th, 2020|Tax|

Schedule 3-Additional Credits and Payments Schedule 3 is an IRS tax form that allows you to claim tax credits. Tax credits allow you to reduce your tax liability on a dollar for dollar basis. In this article, we will go over the basics of how Schedule 3 works and the credits you can claim. The Basics Schedule 3 was created with the tax law changes that took effect in the 2018 tax year. This [...]

603, 2020

Schedule 1

By Annick Rodarte|2020-09-25T12:28:52-07:00March 6th, 2020|Tax|

Schedule 1 Schedule 1 is a new tax form that came about due to the Tax Cuts and Jobs Act of 2017. This schedule is one of five new schedules introduced in the 2018 tax year. Many taxpayers are not familiar with these new forms. In this article, we will go over what a Schedule 1 is used for and who may need to file one. The Basics Schedule 1 is used to report [...]

2301, 2020

Schedule SE: Self-Employment Tax

By Annick Rodarte|2020-09-25T12:46:18-07:00January 23rd, 2020|Tax|

  Schedule SE Schedule SE is a Form 1040 attachment that some taxpayers may need to file. In this article, we will discuss what a Schedule SE is for and when you may need to include on with your tax return. The Purpose The purpose of filing a Schedule SE is to calculate and report any self-employment tax you may owe. Self-employment taxes are Social Security and Medicare taxes due on self-employment income. If [...]

2512, 2019

Schedule D-Capital Gains and Losses

By Annick Rodarte|2020-09-28T12:58:07-07:00December 25th, 2019|Tax|

Schedule D Schedule D is a tax form that you use to report the gain or loss incurred from the disposal of a capital asset. In this article, we will discuss the basics of filing a Schedule D. Basic Terminology Before we go over how the schedule works, we need to make sure we understand some basic terminology. These terms include: Capital Asset: A capital asset is anything you own or use for pleasure [...]

Exit mobile version