Tax Preparation
Gregory A Owens, CPA
Introduction to Tax Preparation Services
Tax preparation and tax planning are central services at Gregory A Owens, CPA. Serving Greenville, SC since 2005, our firm specializes in preparing accurate federal and state tax returns for individuals and businesses, offering tax planning strategies to minimize liabilities, and providing expertise for complex tax situations. We’re widely recognized as tax filing experts who ensure compliance while seeking legally available tax savings.
Who we prepare taxes for
Individuals with varied income sources, rental property, investment income, or self-employment income
Small businesses: sole proprietors, partnerships, S corporations, and C corporations
Trusts and estates requiring specialized tax reporting
Clients facing multi-state tax requirements or international issues
Key benefits of using a CPA for tax preparation
Comprehensive review for all eligible deductions and credits
Experienced handling of complex returns (businesses, multiple states, trusts)
Reduced audit risk through accurate, well-documented filings
Year-round planning to manage estimated taxes and cash flow
Support for IRS notices, audits, and correspondence
Our tax preparation services
Individual tax returns
We prepare Form 1040 and related schedules for individuals, including Schedule C for business income, Schedule E for rental and royalty income, and Schedule D for capital gains. We ensure deductions, credits, and adjustments are properly applied.
Entity selection and tax planning
We advise on the tax implications of entity selection (sole proprietorship vs. LLC vs. S-corp, etc.), helping you choose the structure that balances tax efficiency, liability protection, and operational practicality.
Tax credit and deduction optimization
Our review identifies credits and deductions often missed, such as the Qualified Business Income (QBI) deduction, business tax credits, retirement plan contributions, and industry-specific deductions.
Business tax returns
We prepare returns for partnerships (Form 1065), S corporations (Form 1120S), C corporations (Form 1120), and make certain state filings are completed. We can also prepare shareholder or partner K-1s and coordinate tax distributions where appropriate.
Estimated tax and payroll tax guidance
We calculate quarterly estimated tax payments for individuals and businesses, and advise on payroll tax compliance to avoid underpayment penalties.
Audit support and representation
If your return is selected for examination, we prepare supporting documentation and, where appropriate, represent you before the IRS and state tax authorities.
How we prepare taxes process and timeline
Discovery and document collection
We start with a detailed intake to understand your financial picture and collect supporting documentation — income documents (W-2s, 1099s), business records, mortgage interest, charitable deductions, and more.
Data review and tax planning
Before preparing the return, we analyze your records for tax-saving opportunities and potential issues that need documentation or clarification.
Return preparation and review
We prepare the return and review it with you to confirm accuracy and discuss results, including any tax due or refund expectations and key planning opportunities for the coming year.
Filing and follow-up
After your approval, we file federal and state returns electronically and retain documentation. We remain available after filing to respond to inquiries or provide further planning advice.
Why tax expertise matters
Tax laws are complex and frequently changing. Misunderstanding or overlooking tax rules can result in higher-than-necessary liabilities, missed credits, or even penalties. A knowledgeable CPA provides the technical skill to interpret tax law, apply it to your situation, and prepare returns that reflect the maximum allowable benefits. Additionally, ongoing tax planning — not just year-end filing — helps you make decisions during the year that reduce tax exposure and optimize after-tax results.
Tax planning strategies we employ
Timing of income and deductions to manage tax brackets and self-employment tax exposure.
Retirement plan contributions (SEP-IRA, Solo 401(k)) to reduce taxable income for business owners.
Evaluation of entity structure and the potential benefits of S-corp election for certain businesses.
Use of tax credits and incentives relevant to industry or business activities.
Common tax scenarios we address
Self-employed individuals seeking retirement plan strategies and deduction optimization.
Business owners with multi-state sales and nexus issues requiring careful apportionment.
Real estate investors needing depreciation strategies and passive activity loss planning.
Families with advanced planning needs around education credits, childcare, and estate considerations.
Closing
Taxes are more than a once-a-year chore — they are part of your broader financial strategy. At Gregory A Owens, CPA, we deliver thorough tax preparation and proactive planning that reduces your tax burden, ensures compliance, and supports long-term financial goals.
Frequently Asked Questions (FAQs)
Q: How long will it take to complete my tax return?
A: Completion time depends on complexity and responsiveness in providing documentation. Simple individual returns may be completed quickly, while complex business or multi-state returns require more time.
Q: Can you help if I owe back taxes?
A: Yes. We assist with back tax filings, installment agreements, offer-in-compromise evaluations where appropriate, and representation in discussions with tax authorities.
Q: Do you file state returns?
A: Yes. We prepare applicable state tax returns and advise on state filing requirements for multi-state taxpayers.
Contact and next steps
To discuss tax preparation and planning, call Gregory A Owens, CPA at (864) 380-2427 or visit our office at 902 North Pleasantburg Drive, Greenville, SC 29615. We will review your tax posture and create a plan to prepare returns accurately and minimize tax liabilities.
Contact and next steps
Phone: (864) 380-2427
Office: 902 North Pleasantburg Drive, Greenville, SC 29615
Office hours: Monday–Friday, 9:00 AM–5:00 PM
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