Mallett and BarnesTax Services

Accounting & TaxVerified

About

An enrolled-agent tax practice in Grantville since 1990, Mallett and Barnes Tax Services operates from Suite 125 at 6136 Mission Gorge Rd in San Diego's 92120 ZIP. The firm purchased an existing tax-preparation business that year and retained many of the original clients, building a roster that now spans sole proprietors, partnerships, LLCs, S-corporations, and C-corporations. The Mission Gorge Road location places the firm inside Grantville's auto-service and light-industrial corridor, where clients carry equipment-depreciation schedules, commercial-lease deductions, and inventory-accounting methods that require MACRS and Section 179 calculations — the same asset-depreciation complexity that collision-repair operations such as Smart Auto Sports - Collision Repair & Vinyl Wraps farther north on the road carry on their books. Enrolled-agent credentials authorize direct IRS representation, giving the practice standing to handle audits, appeals, collections negotiations, and installment-agreement filings on behalf of clients who receive IRS notices. Business-return preparation covers Schedule C sole-proprietor filings, Form 1065 partnership returns, Form 1120-S S-corp returns, and Form 1120 C-corp returns, with entity-election consulting for operators weighing the self-employment tax savings of an S-corp conversion against the additional compliance costs. Personal tax returns cover federal 1040 filings and all 50 state returns, with itemized-deduction optimization, capital-gains netting, and retirement-distribution tax treatment across traditional IRA, Roth, and 401(k) rollovers. Estate and trust tax preparation files Form 1041 fiduciary returns and calculates distributable net income for beneficiary K-1 schedules, while retirement-planning consultations model contribution strategies and required-minimum-distribution timelines. Bookkeeping services maintain monthly general-ledger entries, bank-statement reconciliation, and accounts-payable tracking, producing the quarterly profit-and-loss statements and balance sheets that feed both tax planning and the business-growth strategy work that Grantville consultancies such as Story is Greater build on. Tax-planning sessions run in the third and fourth quarters, reviewing year-to-date income against estimated-payment schedules to adjust final-quarter vouchers and identify last-minute deduction opportunities before the December 31 cutoff.