Aaron Traxton, CPA

Certified public accountant in Tigard, OR (show on map)

4.2

★★★★☆

6 reviews

CPA firm offering tax preparation, planning, and representation for individuals, businesses, and estate/trust clients.

Call (503) 926-7443

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About

Traxton CPA, PC is a professional accounting firm serving individuals, small businesses, and estate/trust clients. Services include tax preparation, tax planning, IRS audit representation, non-filed tax returns, back taxes, payroll tax problems, IRS liens, levies, wage garnishment, seizures, offer in compromise, IRS payment plans, bankruptcy, innocent spouse relief, and estate/trust tax return preparation (Form 706, Form 1041).

The firm proudly serves towns in Oregon and several other states.

One-on-one guidance and comprehensive financial plans

Empowering clients through tax problem resolution and education

Wide variety of services for small business, estate/trust, and personal tax needs

Serving clients in multiple states and US citizens abroad

Services

Business Taxes

Small business bookkeeping and tax services so owners can focus on running their business and generating profits.

Small Business Support

Support for small business owners including bookkeeping and tax management.

Personal Taxes

One-on-one guidance and comprehensive financial plans to manage risk and grow personal wealth.

Trust & Estate Taxes

Preparation of Form 706, Form 1041, and final Form 1040 for trustees, executors, and personal representatives.

Tax Preparation

Preparation of individual, business, trust, estate, nonprofit, and rental tax returns with electronic filing and refund tracking.

Tax Planning

Ongoing tax planning to defer, reduce, or eliminate tax liability through strategies targeting income, deductions, credits, and tax rates.

Credentials & Certifications

Certified Public Accountant (CPA)

Licensed Tax Preparer

Reviews

Rating

4.2

★★★★☆

Reviews

"I appreciate the responsiveness and attention they gave when it was needed."

Frequently Asked Questions

What is tax planning and why is it important for small business owners? +

Tax planning is the process of determining when, whether, and how to conduct business and personal transactions to defer, reduce, or eliminate tax liability. It is an ongoing process and good tax advice is a valuable commodity.

What is the difference between tax avoidance and tax evasion? +

Tax avoidance planning is legal, while tax evasion — reducing the amount of tax owed through deceit, fraud, or concealment — is not. The IRS looks for fraudulent intent to distinguish the two.

What are common areas the IRS focuses on when looking for possible fraud? +

The IRS commonly focuses on failure to report substantial amounts of income, claims for fictitious or improper deductions, accounting irregularities, and improper allocation of income to a related taxpayer in a lower tax bracket.

What tax deduction is available for business meals under the Tax Cuts and Jobs Act of 2017? +

The deduction remains at 50 percent for taxpayers who incur food and beverage expenses associated with operating a trade or business. Employee meals while on business travel also remain deductible at 50 percent.

What is the business automobile deduction for 2024? +

The standard mileage rate for 2024 is 67 cents per business mile. You can deduct car expenses using either the standard mileage rate or actual expenses.

What is Section 179 expensing for tax year 2024? +

Section 179 expensing allows you to immediately deduct $1,220,000 of the first $3,050,000 of qualifying equipment placed in service during the current tax year.

What forms does Traxton CPA prepare for estate and trust tax needs? +

Traxton CPA prepares Form 706, Form 1041, and/or final Form 1040 for trustees, executors, executrixes, or personal representatives of an estate or trust.

What types of tax returns does Traxton CPA prepare? +

Traxton CPA prepares individual tax returns, business tax returns (S-corp, C-Corp, partnerships, LLCs, sole proprietorship), trust and estate tax returns, nonprofit tax returns, real estate rental returns, and more.