We provide a variety of tax services to make your tax season as easy and efficient as possible:

  • Tax Management Services
  • Estate and Trust Planning and Tax Preparation
  • IRS Representation
  • Entity Selection and Restructuring
  • 1031 Exchanges
  • Deferred Sales Trust

    Tax Management Services

    At Danny Koerth, CPA, P.C., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.

    Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Danny Koerth, CPA, P.C.’s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one’s estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don’t have any complications to deal with during a time of loss.

    IRS Representation

    Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

    Entity Selection and Restructuring

    Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Danny Koerth, CPA, P.C. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

    1031 Exchanges

    Use a 1031 Exchange to Defer your Capital Gains Taxes So Your Investments Can Grow Faster

    Defer capital gains taxes when you sell your property then reinvest in “like-kind” property using a 1031 exchange.

    Five Types of 1031 Exchanges

    • The original: simultaneous exchange. One property is sold and the next is bought at the exact same time.
    • Most common: delayed exchange. One property is sold and the replacement property is bought within 180 days.
    • Most unusual: reverse exchange. As the name implies, replacement property is bought before the initial property is sold.
    • Improvement exchange is structured to use some of your capital to improve the property, build a road, for example.
    • Personal property exchange is used for “like-kind” exchanges for other than real estate – such as cattle, aircraft, mineral rights, etc.

    Deferred Sales Trust

    Defer Capital Gains Taxes to Keep More of Your Money When You Sell Investments

    Those who own businesses, corporations, and commercial or residential investment real estate assets are often reluctant to sell because of capital gains taxes associated with the sale. One option, less well known than a 1031 property exchange, is a Deferred Sales Trust ™. It can be an excellent tool to deal with the capital gains tax deficits that so many investors experience when they sell real estate assets.