Mantyla McReynolds - Certified Public Accountants (CPA)

Of the two certainties in life, death and taxes, most people worry more about taxes than they do about death. However, with our experience we have learned that careful planning and reporting can eliminate most of those worries. At Mantyla McReynolds, we ease the stress associated with taxation by learning and applying the tax laws to the best advantage for our clients with the following services:

Tax Planning and Return Preparation

The Internal Revenue Code is generally very confusing, but in it are found options for reporting and taxing certain transactions that can benefit those who know the ins and outs. For example, when disposing of a piece of property, the gain may be fully taxable, taxed at a special rate, tax deferred to a later year or not taxed at all, depending on the type of property and the manner of disposition. Good planning before the sale or trade makes the difference. We can outline the options for you and help you plan the best tax option for your situation.

If you are starting a new business, is it best to be a sole proprietor, a corporation, an S-corporation, or an LLC? Again, we provide the information to help you make that decision.

After the planning is done, it is important that your information is reported properly to achieve the desired result. We are fully computerized for individual, corporate, partnership, and trust tax return preparation. Each return is prepared by an experienced tax practitioner. It is reviewed by an even more experienced CPA or tax professional.

We are also enrolled in the IRS E-file program to file your return electronically.

Estate and Gift Tax Preparation

We work with your attorney and financial advisor to make sure the planning they have done for you is properly reported. We complete the gift tax return or estate tax return, making sure the proper elections are made so you get the best tax benefit.

Estate and Lifetime Gift Planning

While we are not attorneys and cannot write wills or trusts, we do understand the tax consequences and can advise you on these matters. We will help you understand the available options. We have worked with many attorneys over the years and would like to work on the team that takes care of your needs.

Analysis of Agreements and Contracts

Again, while we cannot give legal advice, we can tell you the tax consequences of the agreements and contracts you have made or are planning to make. The way you do something can make a very big difference for tax purposes. Let us advise you of your options.

Employee Benefit Planning

Finding and keeping good employees is one of the great challenges of running a business. We can help you design a compensation package that will help you reward those good employees. And if you are one of those good employees, we can advise you on the tax consequences and choices you have in stock options, medical benefits, deferred compensation, and non-taxable fringe benefits.

IRS and State Tax Audits

Nobody likes to be audited, but it does happen. Even though the IRS is auditing fewer returns, they are very good at picking the ones they do audit. We have represented clients at the agent, appeals and tax court levels. As CPA's, we are licensed to represent you before the tax agencies, not only to explain how your return was prepared, but also to argue in your defense.

Tax Exempt Organizations

We have experience in both filing for tax exempt status and reporting for tax exempt organizations. We can help your group file the proper information to be exempt and to maintain that exemption.

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