Tax Preparation and Reporting

COMCO TAX SOLUTIONS - WE’RE HERE TO HELP YOU

Your Tax preparation connection

Make tax preparation easy, fast and accurate


The tax and accounting industry continues to evolve at a rapid pace, tax preparation and reporting must evolve with it.  Comco Tax preparation involves collecting all relevant financial records from the previous year. Ensures documents enable us to comply with tax laws, maximizes eligible deductions and credits, and minimizes errors that could lead to penalties.


Why Clients choose Comco Tax Preparation

Tax professionals who assist you with the preparations of your tax returns will collect, review and analyze tax data to determine deductions and credits, data accuracy, applicable tax reduction strategies to optimize refund and tax reduction.


  • Accuracy and Compliance: Reduces the risk of errors and penalties 
  • Maximized Refunds: Ensures all eligible deductions and credits are claimed 
  • Time and Stress Savings: Organizing documents to avoids last-minute rushes
  • Financial Planning: Helps plan for future tax obligations and optimize financial decisions


At Comco Tax, proper tax preparation is essential for meeting legal obligations, minimizing tax liability, and ensuring financial accuracy and security. Most of all client satisfaction.


Tax Preparation and Compliance Reporting


More than tax preparation alone


  • Individual Tax Preparation
  • Business Tax Preparation
  • Partnership, LLC, and "C" Corporation Tax Returns
  • Professional Tax Coaching
  • Tax Planning
  • Tax Strategy planning for wealth retention
  • Out-of-State Returns
  • Tax Debt Resolution


Comco's confidential services satisfy IRS tax compliance requirements and do so timely. 



Your Questions answered

Got a question? We’re here to help.

  • What is taxable income?

    Taxable income is income the IRS can tax you on. When we hear taxable income, we generally think of wages from a job or freelance work. Here are some additional income sources you can be taxed on: 


    Interest income, whether from a savings account or bonds 

    Dividend income 

    Investment income, like short-term and long-term capital gains 

    Rental income from a property you own 

    Capital gains on the sale of a home (though there's an exemption that applies first) 

    Unemployment benefits 

    Severance pay 

    Lottery winnings and other prizes 

    Gambling winnings 

    Alimony for agreements entered before 2019

    Jury duty costs 

    Pension payments (though there are exceptions) 

    Social Security benefits (there are exceptions for lower-income seniors) 

    Traditional retirement plan withdrawals 

    Settled debts where a portion of what you owe is forgiven (there are exceptions for bankruptcy filings

  • What is tax-loss harvesting?

    Tax-loss harvesting allows you to sell investments that are down, replace them with reasonably similar investments, and then offset realized investment gains with those losses. The end result is that less of your money goes to taxes and more may stay invested and working for you. 

  • Is crypto subject to capital gains taxes?

    The IRS currently considers crypto currencies "property" rather than currencies, which means they're treated a lot like traditional investment (such as stocks). Selling at a profit triggers capital gains tax, while selling at a loss may allow you to take deductions. 

  • What are the tax implications for married filing seperate?

    Married couples can file taxes as married filing jointly. This can lead to tax savings for some taxpayers in the middle of the income spectrum.

  • What are the tax advantages of a Roth IRA?

    Roth IRAs have some tax advantages. Since contributions are made after taxes, you can withdraw those contributions any time tax-free and penalty-free. Once you reach age 59½ and meet the 5-year requirement, you can also withdraw earnings tax-free and penalty-free.

Comco-investing in your wealth growth


At Comco Tax proper tax preparation is essential for meeting legal obligations, minimizing tax liability, and ensuring financial accuracy and security. Most of all client satisfaction.



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