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Proactive Tax Savings is 365 days a year

What do you get from filing your taxes:

Just data entry or genuine care about missing deductions?
Tax strategy advising to save your hard earned $$$?

Tax season is not just once a year getting a tax return prepared

We use multiple personalized tax strategies throughout the year

You will benefit from:

  • Tax Preparation – done correctly & accurately
  • Communication – responsive and video chats
  • Actively suggesting tax savings during tax preparation
  • Ongoing reach throughout the year to help

Tax refunds totaled $0 for our valued clients in 2018.

Top Recent Tax Changes

  • 1. Individual Tax Changes

Required minimum distributions (RMDs) - No more 70½ math complications. Distributions required to be made after Dec. 31, 2019 are now applied to individuals who attain age 72.

IRA contributions - Beginning in 2020, the age limit for contributions to an IRA have been eliminated. In prior years, contributions to an IRA were not allowed beginning when the taxpayer turned 70½.

The non-spouse inherited IRAs, with death occurring after Dec. 31, 2019, are reduced to a 10-year maximum, from a lifetime distribution. Within the 10-year period, there are no required distributions. But, the entire inherited retirement account must be distributed by the end of the 10-year period.

Individual-Tax-Changes
The 10-year distribution limit does not apply to “eligible designated beneficiaries”. These include:
  • a surviving spouse;
  • a minor child (the exception for a minor child no longer applies once the child reaches the age of majority and the remainder of the distributions to that individual must be completed within 10 years after that date);
  • a disabled individual (§72(m)(7));
  • a chronically ill individual (§7702B(c)(2)); and
  • an individual who is not more than 10 years younger than the deceased participant or IRA owner.

Distributions for the birth or adoption of a child of up to $5,000 per individual are penalty-free withdrawals from an IRA and a qualified pension plan. Bonus Note: Spouses may each take a $5,000 distribution if each has a retirement account.

Keeping-up-with-federal-and-state-legislative-regulatory-requirements
  • 2. Business Tax Changes

Forgot to setup that retirement plan prior to year-end..? Well starting in 2020, employers may adopt retirement plans that are entirely employer funded up to the due date of the tax return, including extensions.

Employers are now required to offer 401(k) participation to long-term and part-time employees. A part-time employee is eligible to participate in the employer’s 401(k) plan if the employee has at least 500 hours of service in three consecutive 12-month periods. The change applies to plan years beginning after Dec. 31, 2020, except that the 12-month periods beginning before Jan. 1, 2021 are not taken into account. Thus, the earliest that a part-time employee will be able to participate in the 401(k) plan is 2024.

Individual Tax Preparation we help with:

Individual Tax

  • IRS 1040
  • All 50 States – state income tax
    • Our 2nd largest state is CA outside of TX
  • Sch A – Itemized Deductions
  • Sch F – Farm Expenses
  • Foreign Income Reporting

Individual Tax

  • IRS 1040
  • All 50 States – state income tax
    • Our 2nd largest state is CA outside of TX
  • Sch A – Itemized Deductions
  • Sch F – Farm Expenses
  • Foreign Income Reporting

Sole-Proprietor Business

  • Schedule C - 1099 contractor income
  • Single-member LLC (limited liability company)
  • IRS Schedule SE (self-employment tax)
  • SEP-IRA Contributions

Sole-Proprietor Business

  • Schedule C - 1099 contractor income
  • Single-member LLC (limited liability company)
  • IRS Schedule SE (self-employment tax)
  • SEP-IRA Contributions

Real Estate Business Tax

  • Schedule E
  • Sec199A Deduction
  • Single-Family and Commercial Properties

Real Estate Business Tax

  • Schedule E
  • Sec199A Deduction
  • Single-Family and Commercial Properties

Business Tax Preparation we help with:

S-Corporation Tax

  • IRS 1120S
  • Entity state filings - All 50 States
  • Schedule K1

S-Corporation Tax

  • IRS 1120S
  • Entity state filings - All 50 States
  • Schedule K1

Corporation Tax

  • IRS 1120C
  • Entity state filings - All 50 States
  • Corporate Foreign Income Reporting

Corporation Tax

  • IRS 1120C
  • Entity state filings - All 50 States
  • Corporate Foreign Income Reporting

Partnerships

  • IRS 1065
  • Entity state filings - All 50 States
  • Schedule K1

Partnerships

  • IRS 1065
  • Entity state filings - All 50 States
  • Schedule K1

Non Profit

  • IRS 990, IRS 990-EZ

Non Profit

  • IRS 990, IRS 990-EZ

Track Your Refund

Check Your State Refund

What our clients say about us

Insogna CPA
4.9
Based on 47 reviews
Insogna, CPA
5.0
Based on 26 reviews
Very professional and knowledgeable! Looking forward to being a very long term client!
Doug F.
Doug F.
I first started working with the team for my small business–they were the only accounting firm who explained things to me in a straightforward way. We had…
Maggie J.
Maggie J.
The team at Insogna did a great job with our business and personal tax returns. They identified ways to reduce our taxes by thousands of dollars below what…
Dustin L.
Dustin L.
By no means am I implying that their work is bad, they will file your taxes on time and successfully. Unfortunately, they’re a little expensive for the work…
Lucas L.
Lucas L.
Ami helped me prepare my taxes for the past few years (including a real estate investment property and capital gains) and I’ve appreciated her patience…
Megan M.
Megan M.
I had the pleasure of working with Chase/Adam/Abby after being referred to them by another CPA who didn’t quite specialize in what I need (already a good…
Bill P.
Bill P.
Chase Insogna and his team of accountants and bookkeepers are on top of it. I have a software technology services as well as a product company and…
Boris P.
Boris P.
Outstanding service, knowledge and support. I would highly recommend this firm to anyone for personal or business tax or financial assistance. A big…
Jerome H.
Jerome H.
Insogna CPA made my experience of creating an LLC fast and easy. I was feeling very intimidated and unsure about the process but was pleasantly surprised at the straightforward process and reasonable price. This will be my first stop for any accounting needs!
Jennifer Brown
Jennifer Brown
We’ve used Insogna CPA for over 7 years and wouldn’t go anywhere else. They are unfailingly professional, thorough and patient. No matter how many questions…
Jodi C.
Jodi C.
I like to do as little as possible when it comes to taxes. Insogna does everything and on time. All we had to do was scan a few documents and answer a reasonable and brief questionnaire. SATISFIED.
Doug Windland
Doug Windland
I’ve been through MANY cpa’s and finally landed on Insogna. There’s never any surprise bills, all expectations and prices are clear and reasonable up…
Dustin B.
Dustin B.
As of 2019, I have used Ingsogna to file my taxes for three years. I keep coming back because it’s easy, affordable and accurate. The electronic document room is a great place to store everything. I have always worked with Ami and she’s always professional and courteous. I used TurboTax for years and that was fine, but as life changed, compensation increased and the tax laws continued to evolve, I found that Ami has saved my family money each year.
Christia Churchill
Christia Churchill
I have worked with the folks at Insogna for almost 4 years and I could not be happier with their services. Very responsive if we have a question and exceptionally friendly. They give me the flexibility to stay focused on my business knowing that are keeping our books in-line.
Kris Byrd
Kris Byrd
I’ve used Insogna CPA’s bookkeeping, tax preparation, and professional services for my business (Bravery Media) and personal finances since 2012. They have always been helpful, quick to respond, and impeccable in their work. As a small business owner, it’s nice to not have to worry about accounting while I’m trying to generate more business. I’ve recommended Chase and his staff to dozens of people since I started working with them.
Joel Goodman
Joel Goodman
I’ve used Insogna CPA’s bookkeeping, tax preparation, and professional services for my business (Bravery Media) and personal finances since 2012. They have…
Joel G.
Joel G.

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