Longino CPA Firm, PLLC helps Willow Park professionals, retirees, and business owners keep more of what they earn. We prepare individual and business tax returns, plan ahead for big financial decisions, and step in when the IRS or Texas Comptroller sends a notice. Every client works directly with a licensed Texas CPA through our secure online portal.
Tax planning for investment and retirement income
Many Willow Park households have more than a W-2 to report: brokerage accounts, partnership K-1s, rental property, or retirement distributions. Those are the returns where planning matters most, and where a missed form or bad cost basis gets expensive. We help Willow Park clients with:
- Consolidated 1099s, capital gains and losses, and K-1 investments
- IRA and 401(k) distributions, required minimum distributions, and Social Security income
- Roth conversion and income-timing decisions in lower-income years
- Rental property income and depreciation
- Quarterly estimated payments, so you avoid underpayment penalties
We also prepare business returns for Willow Park companies. See all of our tax services and pricing.
Frequently asked questions
Is my Social Security taxable?
It depends on your other income. Depending on your filing status and total income, up to 85% of Social Security benefits can be subject to federal income tax. We show you how withdrawals from retirement accounts affect that amount before you take them.
Should I convert part of my IRA to a Roth?
It can make sense in years when your income is lower than usual, such as early retirement before Social Security begins. A conversion is taxable in the year you do it, so we model the tax cost against the long-term benefit before you decide.
Do I need to make estimated tax payments?
If your withholding does not cover enough of your tax, often because of investment, rental, or self-employment income, the IRS generally expects quarterly payments. We calculate the amounts and send you reminders so you can avoid penalties.
Also serving nearby communities
Weatherford · Aledo · Hudson Oaks · Brock