KRPinfo@krpcpa.com

522 4th Street, Suite 200, Sioux City, IA 51101

Income Tax

Income tax planning and preparation is a core service of KRP.

It is our goal to be a valuable resource to our clients, not just during "tax season." We provide tax planning consultation throughout the year as business or investment activities occur and changing regulations provide opportunities and challenges to profitability. KRP can assist you with a variety of tax-related strategies, including tax deferred real estate transfers, income shifting to minimize tax liability, capital gains analysis, income splitting, deduction shifting and tax-free investment vehicle exploration, among others.

KRP principals have consulted with state governments to address errors in state tax forms or regulations and changes have been made based on our recommendations. Our principals have also been involved in successful civil court cases where interpretation of specific tax regulations has resulted in substantial judgements for our clients.

KRP's tax preparation and consulting services primarily relate to the following areas:
  • Corporate
  • Partnership
  • Individual
  • Fiduciary
  • Estate Tax
  • Gift Tax
  • Not-For-Profit
  • Employee Benefit Plans
KRP also provides a number of other income tax related services:
  • Income Tax Planning and Projections
  • IRS Representation
  • Federal and State Tax Credit Consulting
  • Estate Planning
  • Elder Care Planning