Individual 1040

At 406 Consulting LLC, we understand that preparing your individual tax return (Form 1040) is more than just filling out forms; it’s about maximizing deductions, minimizing liabilities, and ensuring compliance with the ever-changing tax laws. Our dedicated team of tax professionals is here to simplify the process for you, offering expert 1040 tax return preparation services tailored to your unique financial situation.

Personalized Tax Return:

We understand that every tax return is unique. Our services are tailored to your specific financial goals, ensuring a personalized approach to your tax needs.

Income Optimization:

We identify opportunities to optimize your income reporting, taking advantage of available deductions and credits to minimize your tax liability.

Credits and Incentives:

We ensure that you benefit from all applicable tax credits and incentives, such as education credits, child tax credits, and energy-efficient home credits, to enhance your overall tax position.

Deduction Maximization:

Our team explores every available deduction to maximize your potential tax savings, whether related to homeownership, education, medical expenses, or other eligible categories

Quarterly Safe Harbor Tax Estimates:

We will provide you with quarterly safe harbor calculations based on your prior year tax return.

Typical Forms for Business or Rental Income

• 125 *Schedule C or E under $100K revenue or Expenses
• $225 *Schedule C or E up to $1million in revenue or Expenses
• $25 Auto expense Worksheet
• $30 Home Office deduction – Form 8829
• $50 Depreciation $1.50 for each item listed
• $65 Sale of business property form 4797
• $50 Installment sales
• $200 Convert LLC to S-Corp

Additional charges on income,revenue or expenses over 1million $375 Tax Planning