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.
Anyone that treats black Americans differently does so because @BarackObama has been saying that they are different for the last 10 years. The reality is, they are not and should not be. https://t.co/YxuH5rHjUW pic.twitter.com/0Et5yXEMl1— Bernard B. Kerik (@BernardKerik) April 20, 2021
Calm Guide Sheet by Greg Karnes on Scribd
When you are hunting elephants, don’t get distracted chasing rabbits.— T. Boone Pickens (@boonepickens) March 7, 2011
... coming from someone who should know! https://t.co/H2OwzJquyg via @TMZ_Sports— Greg Karnes (@realGregKarnes) January 3, 2019
The duration of a mass shooting always depends on the arrival of the 2nd gun.— longhorn_92 (@jaelvoet) December 30, 2019
And Democrats want to ban you from protecting yourself. Remember that next time you vote. pic.twitter.com/7N6GBPwYig
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The NRA extends our deepest sympathies to the victims and the families of the White Settlement, TX church shooting. We would also like to thank Jack Wilson for his quick and heroic actions. Jack is a hero. Indeed, America is a great country because of selfless patriots like Jack and others like him. Thank you, Jack. Your courage saved many lives.
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✅ An #ArmedCitizen saved multiple lives last night in #OKC. We hope this serves as a wake-up call for @GovMaryFallin, who just two weeks ago vetoed a constitutional carry bill. Just another example of how the best way to stop a bad guy with a gun is a good guy with a gun. #2A pic.twitter.com/kPRjpiyeow— NRA (@NRA) May 25, 2018
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This is America. We eat meat, we say the pledge of allegiance, we love guns, we hate socialism, we stand for the flag, we kneel for the fallen and to praise God. If any of that offends you, too bad. #TeamTomi #Defend2A #gunrights
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Need to be a long-time Sooner football fan to appreciate.— Greg Karnes (@realGregKarnes) February 22, 2020
Video taken 2 1/2 years ago in a friend's kitchen.
Former Sooner broadcaster John "Disco" Brooks & Marcus Dupree.
Also cameo by former Sooner/Sam Bradford's dad, Kent, & former Mayor Mick Cornett. pic.twitter.com/f5VZKxuvsm
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)
At the University of Oklahoma, the researchers found there were nearly nine registered Democrats for every one Republican on the faculty, and faculty gave $2 in campaign contributions to Democrats for every $1 given to Republicanshttps://t.co/l4Pzb3b5Q9— Greg Karnes (@realGregKarnes) February 2, 2020
Citing Black Lives Matter, photos of retired white male professors to be taken down at U. Oklahoma— Greg Karnes (@realGregKarnes) August 26, 2020
...I keep telling people that my alma mater has become a hotbed of Marxist thinking...
Are these ridiculous demands an inevitable consequence of my alma mater staffing the University with so many card-carrying Marxists?https://t.co/9LY2o7OsBr— Greg Karnes (@realGregKarnes) August 10, 2020
Sadly, the University of Oklahoma is becoming a hotbed of Communist snowflakes.— Greg Karnes (@realGregKarnes) September 27, 2019
Perhaps someday we can rebuild the University back to something that the football team can be proud of! https://t.co/Y0DrXXyUjN via @OUDaily
Looks to me some government employee violated the law. pic.twitter.com/5zOuXd8aei— Mark Sharpton (@MarkSharpton) February 23, 2020
Pledge of Allegiance removed from OU undergraduate congressional agenda.— Greg Karnes (@realGregKarnes) September 27, 2019
Student Philip Aldridge seems to have nailed it.https://t.co/DEtZId6xmP
Former OU volleyball player sues over exclusion from team because of Conservative political views— Greg Karnes (@realGregKarnes) June 3, 2021
...my alma mater continues its trend towards forcing Marxist & radical views on the student body...hope she takes them to the cleanershttps://t.co/VSA5B60CZD
ODELL BECKHAM JR.
NOVEMBER 23, 2014
GREATEST CATCH EVER ??
FEBRUARY 16, 2015
NBA ALL STAR GAME MVP
3RD MOST EVER SCORED
OU SOONER - SAMAJE PERINE
NOVEMBER 22, 2014
427 RUSHING YARDS
MOST EVER BY A COLLEGE RUNNING BACK
1/ Known for basketball prowess, Wayman Tisdale's 'further legacy is his love of God'— Greg Karnes (@realGregKarnes) April 10, 2021
...saw this story in today's paper regarding Wayman Tisdale and couldn't help but be reminded of Toby Keith's tribute song to his friend...https://t.co/4RiPYofGB7
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)
“Since this is an era when many people are concerned about ‘fairness’ and ‘social justice,’ what is your ‘fair share’ of what someone else has worked for?”— Thomas Sowell (@ThomasSowell) January 8, 2019
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)
March 29, 2021
The Terrorist Caucus
Those Individuals Or Groups Who
Come Across To Me As Ambivalent Towards Islamic
The "Soft On Crime"
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.
HIGHER GOVERNMENT REVENUE
This should be simple enough for everyone to understand. pic.twitter.com/tWsu50ewvL— Juanita Broaddrick (@atensnut) October 21, 2021
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Because it isn't about saving the planet from fossil fuels at all. It's about control. . . . . #nuclear #energy #wind #solar #green #truth #politics #prageru
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