Professional Tax Services, Inc.

Tax services, consulting & IRS representation

A Tutorial on Business Entities

A TUTORIAL ON BUSINESS ENTITIES Sole Proprietorship:  This is a business you operate yourself, in your own name or a trade name, with no partners or formal business entity.  You remain personally liable for business debts.  You report income and expenses on your personal tax return by filing a Schedule C.  You pay self-employment taxes […]

So Far, So Good!

  So Far, So Good! Have you heard the one about a man who jumped out off the 20th floor of a building?  As he was falling past the 10th floor, someone yelled out to him, “How’s it going?”  He replied “so far, so good.” A few days ago I just had a conversation with […]

Office in Home expense

Have you ever heard anyone, including your tax professional say, “don’t take the home office deduction because it is a red flag to the IRS?”  Several years ago there was a lot of emphasis by the IRS on the Office in Home (OIH) deduction and it scared a lot of taxpayers from taking it.  IRS […]

Income and self employment taxes for small businesses

Small business taxes  Federal taxes: income and self employment taxes           Impact on personal income tax.  When you own and operate your own business, in almost all cases [the exception is a C Corporation], the income or (loss) from the business passes through to your individual income tax return (Form 1040).  Business income increases the […]


As an Enrolled Agent and consummate tax professional, Bill provides year-round, affordable tax services for his clients. Bill is experienced in small business start-up and tax planning in addition to a full range of tax return preparation.

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