Gallati Professional Services - Meet Our Founder

Alexis E. Gallati, EA, MBA, MST, CTC
My education and public accounting experience has given me a specialized range of expertise in the taxation of individuals, small businesses, gifts, estates, and trusts.
Alexis E. Gallati, EA, MBA, MST, CTC
After over 12 successful years working for other certified public accounting firms, I opened Gallati Professional Services, my own tax concentrated firm, in 2014.

My education and public accounting experience has given me a specialized range of expertise in the taxation of individuals, small businesses, gifts, estates, and trusts. I also have extensive experience in multi-state tax preparation and IRS/State audit representation.

Although you can view my credentials on my Alexis E. Gallati LinkedIn profile, here are the highlights:

Education:
Bachelor of Science in Accounting (double major in Finance) – Westminster College (UT)

Master of Business Administration (MBA) – Suffolk University (MA)

Master of Taxation (MST) – Suffolk University (MA)

Designations:
Enrolled Agent (EA) – I passed the rigorous U.S. Treasury Department’s Special Enrollment Examination (“Enrolled Agent exam”) and Federal background checks to earn my Enrolled Agent designation.

NTPI Fellow – I completed the IRS Representation Fellowship at the National Tax Practice Institute.

Certified Tax Coach (CTC) – I completed my certified tax planner designation after completing extensive training on high-level tax saving strategies.

Memberships:
National Association of Enrolled Agents
National Association of Tax Professionals

What I love to do outside of tax:
I spend my free time with my wonderful husband and our three young boys. I am an avid equestrian and enjoy learning new technologies.
Url: https://www.gallatitax.com/about/alexis-e-gallati-ea-mba-mst-ctc

Gallati Professional Services - Our Services

Personal Tax Preparation
You have better things to do with your time! Consult GPS’s tax specialists and personal tax preparation experts. Our professional tax services can make the process much smoother.
Personal Tax Preparation
Personal tax preparation can be a massive undertaking which can feel like endless hours of finding, sorting, and matching documents to records. The U.S. tax code can be complex and difficult to understand and to accurately submit your return, you’ll need to organize and prepare all relevant documentation. You may have decided to use a software option like TurboTax, HR Block, or TaxAct for your taxes. However, self-preparation tax software is unable to answer whether you qualify or not for a credit or deduction. The risk of preparing one’s own taxes is missing out on legal deductions, as well as making other mistakes in the complex filing process. Also, by filing your tax return without assistance, you are 100% accountable for your return.

GPS offers a basic guarantee that if we are responsible for a mistake on your tax return, we will fix the issue without charge and pay any penalties associated with the mistake as long as we are notified immediately (taxpayer is responsible for any tax and interest due).

Our fee for personal tax preparation begins at $399 and increased depending on the organization of your record keeping, the number of forms & schedules, and if you use our simple, fillable PDF tax organizers. If you have a business reported on Schedule C, please see our Sole Proprietor & SMLLC Services page.

The cost of your personal tax preparation includes the following services:

Annual personal federal tax return (Form 1040) with all required forms & schedules
Annual personal state(s) tax return with all required forms & schedules
Home office and mileage deduction (Form 2106), if applicable
Calculation of your safe harbor quarterly estimated tax payments, if applicable
E-filing
Full year, 24/7 access to your online document storage through your private portal for your tax documents
Use of mobile app for uploading picture documents to your portal
Reduced rate for research regarding your complex tax questions
Reduced rate for IRS & State notice and audit support
Full year phone & email support throughout the year for your tax and business questions
Personal Tax Preparation with Rental Properties

As the owner of a rental property, you know that there are many unique tax reporting and planning requirement for rental properties. In addition, those that qualify as real estate professionals have strict guidelines that they must adhere to keep their qualifications without triggering an IRS audit.

Whether you are converting a personal residence to a rental income property or participating in a Section 1031 exchange to defer capital gains, GPS has the knowledge and experience properly report and advise you on your rental properties and determine if you qualify as a real estate professional.

Our fee for personal tax preparation with rental properties begins at $499 and increases depending on the organization of your record keeping, the number of forms & schedules, the number of rental properties, and if you use our simple, fillable PDF tax organizers.

The cost of your personal tax preparation includes the following services:

Annual personal federal tax return (Form 1040) with all required forms & schedules
Annual personal state(s) tax return with all required forms & schedules
Home office and mileage deduction (Form 2106), if applicable
Depreciation of rental properties & assets
Passive loss calculations
Calculation of your safe harbor quarterly estimated tax payments
E-filing
Full year, 24/7 access to your online document storage through your private portal for your tax documents
Use of mobile app for uploading picture documents to your portal
Reduced rate for research regarding your complex tax questions
Reduced rate for IRS & State notice and audit support
Full year phone & email support throughout the year for your tax and business questions
Early Bird Specials

All tax preparation firms benefit from clients organizing their information. At GPS, we share this benefit with you. The earlier you provide your current year individual income tax information to us, the lower your fees. See the following table for details on our discounts towards your individual income tax return:

Provide all data to us by:

March 1st (save 10%)
March 15th (save 8%)

Rush Fee

Individual, fiduciary, and gift tax return information received between March 31st and April 18th, and between September 30th and October 16th will be assessed a 25% rush fee.

For more information on our Personal Tax Preparation Services, contact the team at Gallati today.

Url: https://www.gallatitax.com/services/personal-tax-preparation

Sole Proprietor or Single Member LLC (SMLLC) Tax Preparation
Gallati Professional Services (GPS) has the knowledge and experience to guide your small business towards financial compliance.
Sole Proprietor or Single Member LLC (SMLLC) Tax Preparation
Starting a small business is a very exciting endeavor that comes with its own challenges. Most business owners have an extreme passion for what they do but are unable to meet the administrative demands of running their own business. It is essential that proper record-keeping of income and deduction, tax and retirement planning, and the small business tax preparation of annual tax filings is handled effectively and timely.

GPS specializes in the following industries:

Artists
Athletes
Attorneys
Consulting
Dentists
Equine Industry (Stables & Breeding)
Financial Services
Freelancers & Independent Contractors
Media & Advertising
Online Services
Physicians
Real Estate
Software & Technology
LLC’s with Your Spouse

If your LLC was formed with your spouse, you are unable to report your LLC on your personal tax return and you are required to file a separate partnership tax return (Form 1065) unless you live in a community property state (AZ, CA, IS, LA, NV, NM, TX, WA, WI). If you do not live in one of these states and you have a LLC with your spouse, please click on the link below to learn more about our corporate and partnership services: Corporate and Partnership Services

Small Business Tax Preparation

If you are a sole proprietor or a single-member LLC, your small business transactions will be reported on Schedule C of your personal tax return. Our fee for this type of small business tax preparation begins at $449 and increases depending on the complexity of your non-schedule C items, the organization of your record keeping/bookkeeping, and if you use our simple, fillable PDF tax organizers.

GPS offers a basic guarantee that if we are responsible for a mistake on your tax return, we will fix the issue without charge and pay any penalties associated with the mistake as long as we are notified immediately (taxpayer is responsible for any tax and interest due).

The cost of your small business tax preparation includes the following services:

Annual personal federal tax return (Form 1040) with all required forms & schedules
One Annual personal state tax return with all required forms & schedules
Married Filing Joint versus Married Filing Separate Analysis, if applicable
Home office and mileage deduction, if applicable
Calculating maximum SEP IRA or retirement contributions and tax savings, if applicable
Deducting accountable plan reimbursements (such as SE health insurance)
Calculation of your safe harbor quarterly estimated tax payments
E-filing
Full year, 24/7 access to your online document storage through your private small business tax preparation portal for your tax documents
Use of mobile app for uploading picture documents to your small business tax preparation portal
Reduced rate for research regarding your complex tax questions
Reduced rate for IRS & State notice and audit support
Full year phone & email support throughout the year for your tax and business questions

Url: https://www.gallatitax.com/services/sole-proprietor-or-single-member-llc-smllc-tax-preparation

Corporate & Partnership Tax Preparation
Our proactive approach emphasizes the application of practical tax strategies to improve your bottom line now and best position your business for future growth. We put our knowledge, experience, and resources to work for you.
Corporate & Partnership Tax Preparation
Federal and state tax laws are a revolving door, and with regulations constantly in flux, corporations and partnerships are at an increased risk of noncompliance. Gallati Professional Services (GPS) offers a full complement of corporate and small business tax preparation and planning services for privately held companies, including S Corporations, closely held companies, limited liability companies, limited liability partnerships, and general partnerships. Our service delivery model focuses on compliance as we help you identify and pursue opportunities to minimize your tax liability and manage your tax risk.

Our proactive approach emphasizes the application of practical tax strategies to improve your bottom line now and best position your business for future growth. We put our knowledge, experience, and resources to work for you.

GPS specializes in the following industries:

Artists
Athletes
Attorneys
Consulting
Dentists
Equine Industry (Stables & Breeding)
Financial Services
Freelancers & Independent Contractors
Media & Advertising
Online Services
Physicians
Real Estate
Software & Technology
Corporate and Small Business Tax Preparation

Tax preparation fees for partnership (Form 1065) and corporate (Form 1120 & 1120S) tax returns starts at $750 and will increase depending on the organization of your record keeping/bookkeeping, and the past accuracy of your balance sheet. The above fee range includes the federal and one state tax return.

GPS offers a basic guarantee that if we are responsible for a mistake on your tax return, we will fix the issue without charge and pay any penalties associated with the mistake as long as we are notified immediately (taxpayer is responsible for any tax and interest due).

The cost of your corporate or small business tax preparation includes the following services:

Annual corporate/partnership federal tax return (Form 1040) with all required forms & schedules
Annual corporate/partnership state(s) tax return with all required forms & schedules
Tracking of basis for partnership & S-corp partners/members who use our personal tax return preparation services.
E-filing
Full year, 24/7 access to your online document storage through your private portal for your tax documents
Use of mobile app for uploading picture documents to your corporate or small business tax preparation portal
Reduced rate for research regarding your complex tax questions
Reduced rate for IRS & State notice and audit support
Full year phone & email support throughout the year for your tax and business questions
Need more than just a tax return prepared? Please see our Accounting, Tax & Business Consulting Packages

Tracking Basis

Partnership and S Corporation partners/members must also keep track of their basis or investment in the business for future sales or loss deductions. If you do not keep track of your basis, your capital gains or loss when you go to sell your business becomes a headache to solve!

Prior Year Accounting & Tax Prep

If you need prior year accounting plus a corporate/partnership tax return, we typically offer a discount for those combined services depending on the number of transactions and the overall complexity of the accounting. Additional factors that are considered are number of bank accounts, credit cards, personal versus business use of funds, and how quickly we can translate the statements into accounting records. Please contact us for more information.

Url: https://www.gallatitax.com/services/corporate--partnership-tax-preparation

Estate, Trust, & Gift Tax Preparation
Our intention is not only to prepare these tax filings, but to give you confidence in your role as trustee or personal representative.
Estate, Trust, & Gift Tax Preparation
Often, you will find that you’ve become a trustee or an executor of an estate without preparation or during a stressful life event, like the death of a loved one.

We’re here to help you understand the importance of estate tax preparation, how the tax law applies to your situation, and give you peace of mind as you handle the affairs of the estate or trust. Our intention is not only to prepare these tax filings, but to give you confidence in your role as trustee or personal representative.

Estate Tax Preparation

The administration of an estate can be a daunting task for those put in the unfortunate situation of losing a loved one. Let GPS help you navigate through the requirement for preparing your loved one’s estate tax or estate income tax filings.

GPS offers a basic estate tax preparation guarantee that if we are responsible for a mistake on your tax return, we will fix the issue without charge and pay any penalties associated with the mistake as long as we are notified immediately (taxpayer is responsible for any tax and interest due).

Some estates may also need to file a tax return that reports the income earned from the date of death to the date assets are distributed to the heirs. This is called Form 1041 – Income Tax Return for Estates and Trusts. Our fee for estate income tax (Form 1041) preparation starts at $500 and increases depending on the organization of your record keeping, the number of forms & schedules, and if you use our simple, fillable PDF tax organizers.

The cost of your estate tax preparation includes the following services:

Annual estate federal tax return (Form 1041) with all required forms & schedules
Annual estate state(s) tax return with all required forms & schedules
Determination of calendar or fiscal year election
Application for Federal Identification Number (EIN) for the estate
Calculation of your safe harbor quarterly estimated tax payments, if applicable
Preparation of Schedule K-1’s for distribution to beneficiaries
Guidance in determining the step-up basis of the estate’s assets
E-filing
Full year, 24/7 access to your online document storage through your private portal for your tax documents
Use of mobile app for uploading picture documents to your estate tax preparation portal
Reduced rate for research regarding your complex tax questions
Reduced rate for IRS & State notice and audit support
Full year phone & email support throughout the year for your estate tax preparation and business questions
Some estates are required to file a tax return that lists all the assets of the estates. These assets include bank accounts, stocks, real estate, IRAs, pensions, annuities and the like. This is called Form 706 – Estate Tax Return. Our fee for this estate tax preparation (Form 706) begins at $1,500 and increases depending on the complexity and size of the estate. GPS will help you determine if you have a taxable estate at the federal and state level and discuss your filing requirements. We will also discuss the possible need for an estate tax filing to transfer the estate tax exemption of your loved one to your own estate.

Trusts

You may find yourself in the role of trustee with little training or experience. GPS will review your trust document to help you to understand what tax filings are needed and the impact on the beneficiaries.

Trusts report their income and expense on Form 1041- Income Tax Return for Estates and Trusts. In some cases, the trust will pay any tax due on the Form 1041. However, in other cases, the beneficiaries pay the tax on their personal tax return (Form 1040). GPS will help you understand your specific tax situation and prepare these returns.

GPS offers a basic guarantee that if we are responsible for a mistake on your tax return, we will fix the issue without charge and pay any penalties associated with the mistake as long as we are notified immediately (taxpayer is responsible for any tax and interest due).

Our fee for trust income tax (Form 1041) preparation is typically $450 to $850 depending on the organization of your record keeping, and the number of forms & schedules. Although the above fee range includes one state tax return, the preparation of additional states is $75 per state tax return ($100 for CA & NY state tax returns).

The cost of your tax preparation includes the following services:

Annual trust federal tax return (Form 1041) with all required forms & schedules
Annual trust state(s) tax return with all required forms & schedules
Review of trust document to determine correct trust type
Application for Federal Identification Number (EIN) for the estate
Calculation of your safe harbor quarterly estimated tax payments, if applicable
Preparation of Schedule K-1’s for distribution to beneficiaries

Url: https://www.gallatitax.com/services/estate-trust--gift-tax-preparation

Virtual & Outsourced Bookkeeping
Outsourcing your bookkeeping to GPS instantly saves you money versus hiring an in-house employee. You save on payroll taxes, employee benefits, overhead and insurance, not to mention ridding yourself of employee headaches. No matter where you are located, we can prepare your virtual bookkeeping while you get back to your passion!
Virtual & Outsourced Bookkeeping
Is your accounting in a shoebox? Do you know if you’re making money? Are you tired of giving up nights and weekends to do your small business accounting and bookkeeping?

If you would like to spend more time doing the business you love and less time doing the chores you hate, hiring Gallati Professional Services to assist you with your small business accounting and bookkeeping is an essential choice. Imagine how peaceful it would feel knowing that professional bookkeepers are taking care of your small business finances using the highest of quality standards and integrity. And imagine how secure you would feel knowing that you were making the right decisions for your small business based on facts, not guesses.

Outsourcing your bookkeeping to GPS instantly saves you money versus hiring an in-house employee. You save on payroll taxes, employee benefits, overhead and insurance, not to mention ridding yourself of employee headaches. No matter where you are located, we can prepare your virtual bookkeeping while you get back to your passion!

Benefits of Virtual Bookkeeping:

Access to QuickBooks Online & Xero Certified bookkeepers
Worldwide Access to your financial information through your desktop, smartphone, or tablet
We are unable to deposit or withdraw anything from your bank and credit card accounts
Access to secure online storage and transmission of your business documents, statements, and receipts
Full integration of popular services, such as Paypal, Square, Stripe, etc.
GPS offers the following virtual bookkeeping packages starting as low as $150 per month and increase with additional services and complexity of transactions – If you need a customized package, please contact us!

Annual Virtual Bookkeeping

Monthly Subscription to Xero/QuickBooks Online
Semi-Annual Reconciliation of bank and credit card statements
Quarterly accuracy check of transactions you have entered yourself
Annual Preparation of Balance Sheet, Income Statement, and Statement of Cash Flows
Full-year, 24/7 access to secure online storage and transmission of your business & personal documents, statements, and receipts
Use of Mobile App to Upload Picture Documents & Receipts
Unlimited Email support
Quarterly one-hour phone call/video chat/screen sharing
Quarterly Virtual Bookkeeping

Monthly Subscription to Xero/QuickBooks Online
Quarterly Reconciliation of bank and credit card statements
Recording transactions*
Quarterly Preparation of Balance Sheet, Income Statement, and Statement of Cash Flows
Full-year, 24/7 access to secure online storage and transmission of your business & personal documents, statements, and receipts
Use of Mobile App to Upload Picture Documents & Receipts
Unlimited Email support
Monthly half-hour phone call/video chat/screen sharing
Monthly Virtual Bookkeeping

Monthly Subscription to Xero/QuickBooks Online
Monthly Reconciliation of bank and credit card statements
Recording transactions*
W-9 reporting and issuing 1099s
Monthly Preparation of Balance Sheet, Income Statement, and Statement of Cash Flows
Full-year, 24/7 access to secure online storage and transmission of your business & personal documents, statements, and receipts
Use of Mobile App to Upload Picture Documents & Receipts
Unlimited Email support
Monthly one-hour phone call/video chat/screen sharing
Additional Virtual Bookkeeping Services

QBO or Xero Set-up – Starting at $399 one-time fee in addition to monthly service
QBO or Xero Consulting, Training, and Clean-up – $75 per hour
Weekly Virtual Bookkeeping – Please contact us for a quote!
Accounts Receivable/Invoicing – GPS will prepare invoices and send to your customers plus manage the payments – $60 per month per 20 invoices
Full Charge Payroll – Although GPS does not provide full charge payroll, we recommend Intuit Payroll (self-directed or full service) or Gusto. They integrate well with QuickBooks Online.
Payroll check-up – GPS will review your self-directed payroll monthly to ensure proper compliance – $75 per month
If you are ready to reclaim your nights and weekends, contact Gallati Professional Services for customized and affordable virtual bookkeeping services by booking an appointment, email, our contact form, or phone (865-281-1461)

Pricing subject to change. Additional á la carte options may be available, contact us for more information.

Url: https://www.gallatitax.com/services/virtual--outsourced-bookkeeping

Small Business Service Packages
Stop guessing what you will pay in taxes each month and take control of your cash-flow with our Small Business Tax Services.
Small Business Service Packages
There are often times when a business owner does not want to worry about their business finances and personal taxes and focus on their passion. The following professional tax services provide a business owner the piece of mind and the predictable cost of maintaining their bookkeeping, preparing their annual returns, and receiving business and tax consulting.

Stop guessing what you will pay each month and take control of your cash-flow with our Small Business Tax Services. Small business package fees start as low as $175 per month and increase based on the selection of services.

Url: https://www.gallatitax.com/services/small-business-service-packages

Tax Projections & Planning
We help you customize the best possible plan for you to minimize your taxes not just at the end of the year but throughout all of the year. Remember, we are here to work for you, not for the IRS.

Tax Projections & Planning

A separate service from tax preparation, tax planning is the key to successfully and legally reducing your tax liability. By making tax planning part of your yearly strategy, you can use our experience and access to the most current new developments in the tax laws. We help you customize the best possible plan for you to minimize your taxes not just at the end of the year but throughout all of the year. Remember, we are here to work for you, not for the IRS. Our clients save many times the fee in reduced tax liability through our careful tax planning services and court-tested tax strategies.

Url: https://www.gallatitax.com/services/tax-projections--planning

Business Consulting
Gallati Professional Tax Services provides various tax and business management consulting services to help you make the right decisions about growing your business.
Business Consulting
Just like in raising a child, it takes a village to grow your business into a successful enterprise. Gallati Professional Tax Services provides various tax and business management consulting services to help you make the right decisions about growing your business. Tax and business management consulting is at an hourly rate and billed in 15-minute increments. Do you have questions about your bookkeeping? QuickBooks Online and Xero consulting is also available. If you are part of a bookkeeping, tax planning, tax preparation, or bundle package, your business management consulting fees are included!

Our business consulting topics may include, but are not limited to:

Small business start-up
Selection of the right structure – SMLLC, S-Corporation, C-Corporation, Partnership
Correct recording of income and expenses
Incorporation and business formation assistance
Choosing the right retirement plan
Office in the Home eligibility
and more!…

Url: https://www.gallatitax.com/services/business-consulting

Tax Representation
Getting news of an audit sounds like your worst nightmare. It’s difficult on many levels. It takes a tremendous amount of time (that you probably don’t have to spare) to gather all the records and documents necessary. And, of course, it’s stressful.

Tax Representation

Beyond having the necessary paperwork, it can be nearly impossible to untangle and understand the complicated tax laws that may apply to your case. Frustration with the process can interfere with your concentration, leading to mistakes. Actually, news of an audit usually brings up many emotions beyond frustration. Most people respond to the news with a mixture of anxiety, fear, and anger. That makes preparing for your audit even harder.

Url: https://www.gallatitax.com/services/tax-representation