Tax Return Preparation

I do my best to make sure clients are not surprised when April 15th rolls around. Hopefully, by working with clients during the course of the year, I can address potential tax problems in order that the tax burden may be reduced, or at least anticipated ahead of time. It's much easier to deal with a tax problem before it happens than after the fact. In many cases, advance planning can make a substantial difference in the amount a client owes when the return is filed.

With that being said, despite what your neighbor may tell you, there is rarely one magic way to reduce your taxes to zero, however, there are a lot of little things that can reduce the amount of tax you pay. I have had various people tell me about their buddy who doesn't pay any tax because they spend all the profits in their business, so they basically break even and don't owe any tax. What a lot of new business owners don't appreciate is that when you spend a dollar, you don't reduce your taxes by that same dollar, you only reduce your taxes by your marginal tax rate, say 25%. In my opinion, it makes little sense to spend a dollar to save 25 cents of tax. With some exceptions, the reality is the people that don't pay any tax probably don't have any money in the bank. If you pay $50k in tax, there should be a sizable balance in the bank. While it may represent a moral victory to pay the IRS nothing, most of us would trade that for a sizable sum in the bank.

Get in Touch With Me.

Call me at 405 810-8119 with any questions or to schedule an appointment.

 

Greg Karnes CPA

4301 NW 63rd St, Suite 200

Oklahoma City, OK 73116-1504

 

Or you may use my contact form.

 

Competitive Fee Structure

 

… but if you are looking for the cheapest fees, or obsessing about your correct pronouns or global warming/white privilege B.S., or unable to make up your mind as to whether you are a man or a woman, you would be so much happier working with someone else…

… in addition, due to an extremely hectic schedule, only serious inquiries may expect a response …

New tax clients are expected to provide copies of their last 3 years of tax returns and provide permission to contact prior accountant to resolve any issues, if necessary.

 

Regretfully, I am unable to accept new clients who have unfiled prior-year’s tax returns, who are not current with all prior tax obligations, are involved in any marijuana-related business ventures, use marijuana or illegal drugs, have any income from gambling, invest in cryptocurrency, are experiencing extreme financial difficulties, are personal-injury attorneys, in the construction industry or are in the country illegally. Newly formed businesses are frowned upon as well.

 

Though not required, supporters of President Donald J. Trump, Governor Kevin Stitt, the National Rifle Association & clients who are alpha males & females, ethical, hard-working, cheerful, optimistic and NOT easily offended are generally preferred.

 

Absolutely NO LAZY, TREE-HUGGING, CRITICAL RACE THEORY PROMOTING, ECONOMICALLY ILLITERATE,  GODLESS, RIOTING, KNEELING, CENSORING, RACIALLY & GENDER OBSESSED, DR. SEUSS BOOK-BANNING, FIREARM CONFISCATING,  BIG GOVERNMENT SOCIALISTS allowed beyond the front door, however!

Due to the alleged gang activity and drug dealing at the nearby Chelsea Manor Apts. & 7-11 Convenience Store, I would personally recommend "packing some heat" while in this area (and perhaps Penn Square Mall as well). Some believe the OKC Police Dept. has become too constrained and are hesitant to confront these gangbangers and put them behind bars where they rightfully belong. "Talk on the Street" seems to be that this emanates from an extremely weak & naive Mayor who purportedly suffers from a severe case of "Low T," a weak City Manager, a new, effeminate-looking Police Chief, who refuses to enforce our nation's immigration laws & a Ward 6 Council Girl who took her Oath Of Office using a book on Marxism.

Everything that Mayor David “Pajama Boy” Holt & Police Chief “Wily” Wade Gourley need to know to improve law enforcement in OKC is in this book…if only they had some courage...

Calm Guide Sheet by Greg Karnes on Scribd

Make The University of Oklahoma Great Again!

 

(Let us return to the time before the “Loudmouth Communist Snowflakes” and the less than competent financial administrators arrived on campus)

ODELL BECKHAM JR.

NOVEMBER 23, 2014

GREATEST CATCH EVER ??

RUSSELL WESTBROOK

FEBRUARY 16, 2015

NBA ALL STAR GAME MVP

41 POINTS  

3RD MOST EVER SCORED

OU SOONER - SAMAJE PERINE

NOVEMBER 22, 2014

427 RUSHING YARDS

MOST EVER BY A COLLEGE RUNNING BACK

Top 10

Taxpayer Enemies

 

Those Individuals Or Groups Who Seem Most Intent On Penalizing Success & Achievement & Desiring A Return To The Days Of Low Economic Growth During The Jimmy Carter/Barry Obama - "Sleepy Joe" Biden Era

 

(in order, as of today)

The Caracas Caucus

 

(the Top 10 “Americans” who seem most hell-bent on destroying our jobs & economy in order to advance the cause of centralized government control over our lives and private businesses to the point where we are forced to surrender our individual liberties to the state)

The Terrorist Caucus

 

Those Individuals Or Groups Who

Come Across  To Me As Ambivalent Towards Islamic

Terror Activities

The “Soft On Crime” Caucus

 

The Top 10 Individuals Or Groups Who

Come Across  To Me As Coddling The Criminal Element At The Expense Of The Public Safety Of  Law-Abiding Citizens

The “Ugly” Caucus

 

The Top 10 Individuals On The Taxpayer Payroll That Strike Me As Being Just As Unattractive On The Inside As They Are On The Outside.

LOWER TAXES

=

HIGHER GOVERNMENT REVENUE

The United States leads the world in CO2 reductions

Is the individual depicted above the most ill-prepared person Oklahoma has ever had in a General Election for a U.S. Senate seat?