Delaware Accounting Firm Practice Areas

Comprehensive Accounting, Tax & Attestation Services

From complex multi-state personal filings to corporate restructuring, certified audits, international cross-border disclosures, and aggressive IRS defense, Gary Mehta, CPA, EA delivers licensed expertise with transparent fixed pricing.

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Form 1040 Compliance

Personal Tax Preparation Services in Delaware

We provide tailored tax preparation designed to maximize allowable deductions, maintain full compliance with federal and Delaware regulations, and eliminate double taxation on multi-state income.

Itemized vs. Standard Deduction: SALT cap analysis, mortgage interest (Form 1098), property taxes, and health expense thresholds.
Tri-State Multi-State Scenarios: Solving complex apportionment for Delaware residents working in Pennsylvania, New Jersey, or Maryland.
Credits & Wealth Optimization: Child Tax Credit (CTC), AOTC/LLC education credits, Traditional/Roth IRA and Solo 401(k) deduction strategies.

Starting @ $495

Entity Tax Compliance

Business Tax Preparation & Corporate Filing

Dedicated corporate tax solutions for sole proprietors, LLCs, partnerships, and corporations in Wilmington, Dover, Newark, and across Delaware.

Partnerships & LLCs (Form 1065): Section 704(b) capital accounts, Schedule K-1 allocations, and Section 199A QBI deduction maximization.
S-Corporations (Form 1120-S): Owner-employee reasonable compensation planning to mitigate self-employment tax while preventing IRS audit triggers.
C-Corporations (Form 1120): Corporate deductions, Net Operating Loss (NOL) carryforwards, and Schedule M-1/M-3 book-to-tax reconciliations.
Depreciation Strategies: Maximizing Section 179 expensing and Bonus Depreciation for business equipment and vehicle purchases.

LLC @ $1,250 | Corp @ $1,500

PA Form REV-1500

Pennsylvania Inheritance Tax Return Preparation

While Delaware imposes no state inheritance tax, Delaware and tri-state residents who inherit property, real estate, or financial accounts located in Pennsylvania face mandatory PA Department of Revenue inheritance filings.

Statutory Beneficiary Tax Rates: 0% (Spouse/minor child under 21), 4.5% (Lineal descendants/parents/grandchildren), 12% (Siblings), 15% (Collateral heirs/friends).
5% Prompt Payment Discount: Secure a 5% state tax discount by filing and paying within 3 months of the date of death (final deadline: 9 months).
Estate Deductions: Funeral costs, legal and probate fees, decedent mortgages, debts, and the PA $3,500 family exemption.

Starting @ $1,250

Cross-Border Compliance

International Tax Prep & Foreign Disclosures

Specialized guidance for non-resident Delaware company owners, US expats, and multinational investors navigating severe penalty regimes.

Form 5472 & Form 1120: Information returns for 25%+ foreign-owned US corporations. (Non-compliance carries an automatic $25,000 IRS penalty per violation).
FinCEN Form 114 (FBAR): Mandatory reporting for foreign financial account aggregates exceeding $10,000 at any point during the calendar year.
Streamlined Offshore Procedures: SFOP and SDOP catch-up filing to eliminate or reduce punitive willful/non-willful penalties for overdue foreign accounts.
Treaty & Expat Provisions: Foreign Earned Income Exclusion (FEIE Form 2555), Foreign Tax Credit (FTC Form 1116), and W-8BEN validation.

Streamlined @ $7,500

Fiduciary Form 1041

Delaware Trust Tax Preparation & Formation

Delaware is widely recognized as the premier trust jurisdiction in the world. We prepare Form 1041 returns and advise on asset protection trust mechanics.

Zero Delaware State Tax: Delaware levies 0% state income tax on accumulated ordinary income and capital gains for non-resident beneficiaries.
Dynasty & Asset Protection Trusts: Delaware abolished the Rule Against Perpetuities, permitting perpetual multi-generational wealth sheltering.
Fiduciary Tax Compliance (Form 1041): Computation of Distributable Net Income (DNI), income distribution deductions, and beneficiary Schedule K-1s.
Delaware Statutory Trusts (DSTs): Fractional ownership compliance for Section 1031 real estate exchange transactions.

Starting @ $1,250

CPA Attestation

Auditing & Financial Statement Services

Three levels of independent CPA attestation required by regulatory authorities, commercial banks, bonding companies, and corporate acquirers.

1. Full Financial Statement Audit (Highest Assurance): Substantive balance testing, internal control evaluation, third-party confirmations, and formal auditor's opinion. (Starting @ $7,500).
2. Financial Statement Review (Limited Assurance): Inquiries and analytical procedures for commercial lending covenants and investors. (Starting @ $3,500).
3. Compilation Services (No Assurance): Converting management data into standard GAAP financials for loan applications. (Starting @ $1,250).
CPA Income Verification & Attest Letters: Verification for mortgages, commercial leases, and investor net worth certificates. (Starting @ $750).

Review @ $3,500 | Audit @ $7,500

Audit Defense

Audit Representation & IRS Problem Resolution

Never represent yourself before the IRS or the Delaware Division of Revenue. Inexperienced statements can lead to severe misinterpretations, expanded audit scopes, and excessive tax assessments.

Audit Defense: Direct management of Correspondence, Office, and Field audits by IRS Revenue Agents and state examiners.
Offer in Compromise (OIC): Formal liability reduction petitions based on Doubt as to Collectibility or Doubt as to Liability.
Installment Agreements & CNC: Negotiating manageable monthly payment plans or Currently Not Collectible hardship status.
Lien & Levy Removal: Stopping immediate bank account seizures and wage garnishments.

Defense @ $2,500

Penalty Relief

IRS Penalty Removal & Statutory Abatement

We utilize administrative IRS relief policies and legal defense provisions to eliminate or drastically reduce accumulated penalties and compound statutory interest.

First-Time Penalty Abatement (FTA): Administrative waiver for taxpayers with a clean 3-year compliance record.
Reasonable Cause Petitions: Proving circumstances beyond control (medical emergencies, records destruction, relied professional error).
Specific IRC Penalties Abated: Failure-to-File (§ 6651(a)(1) 5%/mo up to 25%), Failure-to-Pay (§ 6651(a)(2) 0.5%/mo), and Form 5472 fines.
CPA Cost Advantage: Elite defense and negotiation at a fraction of the cost of expensive tax litigation attorneys.

Starting @ $750

Certified ProAdvisor

QuickBooks Bookkeeping Services in Wilmington

Small business accounting and monthly bookkeeping designed to give business owners transparent, real-time financial clarity.

Chart of Accounts Customization: Tailored for your specific Delaware industry in QuickBooks Online or Desktop.
Historical Data Cleanup: Resolving unallocated expenses, duplicated transaction feeds, and messy reconciliations.
Monthly Reporting: Balance sheets, Profit & Loss statements, cash flow forecasting, and accounts payable/receivable tracking.

Monthly @ $400/mo

Employer Tax Services

Small Business Payroll Services Across Delaware

End-to-end payroll management so you spend less time wrestling with payroll taxes and more time growing your core operations.

Automated Processing: Direct deposit execution, automated federal/state/local tax withholdings, and employee paystubs.
Quarterly & Annual Tax Filings: Form 941, Form 940 (FUTA), Delaware state unemployment, W-2s, and Form 1099-NEC contractor filings.
Worker Classification Audits: Department of Labor and IRS 20-factor compliance to protect against employee misclassification fines.

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Statutory Filing Deadlines

Delaware & Federal Business Tax Compliance Calendar

Stay ahead of IRS and Delaware Division of Corporations statutory deadlines to avoid forfeiture of good standing and late filing penalties.

Entity / Tax Type	Form Required	Filing Deadline	Estimated Safe Harbor Rules	Late Filing Penalties
Delaware Corporations	Annual Report & Franchise Tax	March 1	Based on Authorized Shares or Assumed Par Value	$200 Penalty + 1.5% Interest/Month
Partnerships & S-Corps	Forms 1065 & 1120-S	March 15	K-1s distributed to partners/shareholders	$220/partner/month up to 12 months
C-Corps & Individuals	Forms 1120 & 1040	April 15	90% current year or 100%/110% prior year safe harbor	5% per month up to 25% failure to file
Delaware LLCs & LPs	Annual Franchise Tax	June 1	Flat $300 Annual Franchise Tax	$200 Penalty + 1.5% Interest/Month
Quarterly Estimated Taxes	Forms 1040-ES / 1120-W	Apr 15, Jun 15, Sep 15, Jan 15	Avoid underpayment interest penalties	IRC § 6654 underpayment interest
Foreign-Owned US Corps	Form 5472 & Form 1120	April 15 (with Form 1120)	Mandatory 25%+ foreign shareholder disclosure	$25,000 automatic penalty

Work Directly With Gary Mehta, CPA, EA

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Select the services your business requires. We will review your preliminary facts and provide a clear, transparent engagement proposal.

Principal Office

1000 N West St #1200, Wilmington, DE 19801

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Phone / Text / WhatsApp

(732) 829-6395

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Confidential Email

questions@cpadelaware.net

In-Person & Virtual

Monday – Friday: 9:00 AM – 5:00 PM EST
Strictly By Appointment Only

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