Serving the Tax Preparation, Accounting, and Financial Planning needs of Franklin, Berkshire and Hampshire, and Worcester Counties.

TRUST IN A NAME

"I'd like you to know how grateful we are for your expertise and help with our difficult tax issues. You did a great job dealing with the IRS. Thank you."

Sylvia (Savings: $140,000)

"Donnie, it was nice to see you, Penny and Alex this noon when I dropped off my tax material. 

After leaving I thought; goodness!  I wish that I had said thanks to your suggestion years ago that I put some of my salary into TIAA.  I did and since retiring, that annuity has been so helpful, so thank you."

Mary

"Dear Regis and Donald,

Thank you for helping me survive another tax year.  2007 ended as a year that I'd like to put behind me.  Your command of tax rules/regulations, diligence with the process, and understanding along the way is appreciated.  All the best to you."

Laura

"Alex,

Thank you for doing such a great job with my taxes. You made this very easy for me and I appreciate it.  See you next year !

Sincerely,"

Kim

A farmer client of Donald E. Graves, CPA, LLC wanted to transfer his land to his son as a gift. The father was expected to pass away in six months. Donald advised to will the son 50% interest at the fair market value at death. This was at least a $500,000 increase to the son's tax basis and no estate tax to the father's estate. This allowed the son to pay lower taxes for several years after the inheritance and a deduction for as long as 15 years.

OUR CLIENTS' EXPECTATIONS HAVE BEEN EXCEEDED IN THE PAST BY:

• Creating a solution to a prospective client's $1,000,000 expected income tax liability.  Savings exceeded $500,000.
   
• Resolving Client/IRS conflict by amending tax returns; educating IRS agent in the process so that creative solutions would be accepted. Saved the client $95,000.
   
• Analyzing client business practices, recommending changes, then seeing business go from net income of $35,000 to over $100,000.
   
• Negotiating an equitable dissolution between hostile business partners. Averted a costly legal battle, saving thousands of dollars in legal fees.
   
• Changing Client's business structure to save over $6,000 per year in taxes, while providing greater asset protection from lawsuits.
   
• Providing financial data to the property tax assessor, reducing Client's annual property tax from $18,000 to $11,000.

It's not what you make. It's what you keep.