Question 1

How can I stay up-to-date with the latest tax changes and financial insights from SMGTaxGroup?

Accepted Answer

You can sign up for a free consultation or subscribe to receive expert tax tips and financial insights directly to your inbox, ensuring you stay informed about the latest developments and strategies.

Question 2

How does Sharon Gross's background in public service benefit clients?

Accepted Answer

Sharon Gross's experience as a Budget Finance Commissioner for the City of Solana Beach gives her a unique understanding of government financial systems and a heightened ability to manage high-stakes financial scenarios, benefiting her clients with clarity and accountability.

Question 3

What is the best way to handle taxes on investment income or capital gains?

Accepted Answer

SMGTaxGroup can provide guidance on handling taxes on investment income and capital gains, helping you understand the tax implications of your investments and develop strategies to minimize your tax burden.

Question 4

How can SMGTaxGroup help me plan for retirement from a tax perspective?

Accepted Answer

SMGTaxGroup can help you develop a tax-savvy retirement plan, considering factors such as retirement account contributions, withdrawals, and investment strategies to minimize your tax liability during retirement.

Question 5

How can I get started with SMGTaxGroup?

Accepted Answer

You can get started by contacting SMGTaxGroup at (858) 947-1194 to schedule a consultation. They also offer a free 30-minute consultation to discuss your needs and how they can help.

Question 6

What are the key tax deadlines I need to be aware of?

Accepted Answer

SMGTaxGroup can provide you with a personalized list of key tax deadlines based on your specific situation, ensuring you avoid penalties and file your taxes on time. Contact them for a consultation to discuss your tax obligations.

Question 7

Can SMGTaxGroup help me choose the right business structure for tax efficiency?

Accepted Answer

Yes, SMGTaxGroup can advise you on how to structure your business (LLC, S Corp, C Corp) for optimal tax efficiency, considering your specific business goals and circumstances.

Question 8

What is forensic accounting, and does SMGTaxGroup offer it?

Accepted Answer

While not explicitly stated, forensic accounting can be provided as part of IRS resolution services and involves investigating financial records to detect fraud or discrepancies. Contact SMGTaxGroup to inquire about specific forensic accounting needs.

Question 9

Does SMGTaxGroup offer virtual appointments?

Accepted Answer

Yes, SMGTaxGroup offers virtual appointments for your convenience. This allows you to receive expert tax and financial guidance from the comfort of your home or office.

Question 10

Can SMGTaxGroup assist with business consulting?

Accepted Answer

Yes, SMGTaxGroup provides various business consulting services, including cash flow analysis, budgeting, and profitability consulting. They can also offer strategic growth planning to help businesses achieve their goals.

Question 11

What is SMGTaxGroup's approach to client service?

Accepted Answer

SMGTaxGroup emphasizes white-glove support with clear communication, attention to detail, and forward-thinking strategies. They offer flexible engagements, whether one-time or ongoing, to meet your specific needs.

Question 12

What industries does SMGTaxGroup serve?

Accepted Answer

SMGTaxGroup serves various industries, including real estate, professional services, and small to mid-sized businesses across different sectors. Their expertise across various industries ensures they can provide relevant and tailored advice.

Question 13

What types of tax returns does SMGTaxGroup prepare?

Accepted Answer

SMGTaxGroup prepares a wide range of tax returns, including individual tax returns (Form 1040), partnership and corporate tax filings (Forms 1065, 1120, 1120S), and trust and estate returns (Forms 1041, 706).

Question 14

How does SMGTaxGroup help with estate planning?

Accepted Answer

SMGTaxGroup can assist with trust and estate tax matters, including preparing forms 1041 and 706. They also offer guidance on generational wealth transfer to minimize estate taxes and ensure a smooth transition of assets to future generations.

Question 15

What is tax optimization and how does SMGTaxGroup achieve it?

Accepted Answer

Tax optimization involves legally minimizing your tax liability through strategic planning. SMGTaxGroup achieves this through proactive planning, year-end strategies to reduce liability, and future year planning tailored to your specific financial situation.

Question 16

Can SMGTaxGroup help me with real estate tax planning?

Accepted Answer

Yes, SMGTaxGroup offers expert real estate tax planning services. They can help you understand the tax implications of buying, selling, or owning property, ensuring you minimize your tax liability and maximize your returns on your real estate investments.

Question 17

What is CFO level guidance and how can SMGTaxGroup help?

Accepted Answer

CFO-level guidance includes strategic financial management for businesses. SMGTaxGroup provides interim CFO/Controller services, cash flow analysis, budgeting, profitability consulting, and strategic growth planning to help businesses optimize their financial performance.

Question 18

Does SMGTaxGroup offer financial planning services?

Accepted Answer

Yes, SMGTaxGroup offers personalized financial consulting, including budgeting and forecasting, retirement and savings planning, and cash flow analysis. They help clients build a strong financial foundation and achieve their long-term financial goals.

Question 19

How can SMGTaxGroup help me with IRS issues?

Accepted Answer

Sharon Gross CPA has extensive experience in IRS resolution. They can assist with IRS audits, installment agreements, back taxes, non-filed returns, and penalty abatement strategies, helping you navigate complex IRS challenges and find the best possible solution for your specific situation.

Question 20

What services does SMGTaxGroup offer?

Accepted Answer

SMGTaxGroup, led by Sharon Gross CPA, provides strategic tax and financial guidance, including proactive tax planning, IRS resolution, financial consulting, business consulting and CFO services. They cater to individuals, families, business owners, and real estate investors, offering services from tax preparation to legacy planning.

San Diego Real Estate Investors: Smart Tax Planning Moves

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