Frequently Asked Questions

Q: Is it better to use TurboTax or a CPA?
A: TurboTax is an inexpensive option to prepare simple tax returns. CPAs can help you prepare tax returns if your taxes and investments are more complex.
Q: Who are your typical clients?
A: We believe the clients who can benefit the most from our services are those who are in need of one or more of the following services and are willing and able to engage with us in order to achieve their desired financial outcomes:
1. K1s, either from business or from investment.
2. Equity compensations, e.g. RSUs, ISOs, NQSOs, and may subject to 83b election & AMT credit.
3. Complex real estate or other investments.
4. Complex Tax forms e.g. form 8606
5. Small businesses
6. Oversea properties
Q: What is your typical tax return preparing process?
A: There are five steps in our general tax return preparing process:
1. Initial discovery meeting and service scope determination
2. Sign the engagement letter and service agreement
3. Submit all your documents and questions in our secured client portal
4. Draft tax returns will be delivered for your review.
5. Sign your final tax return and enjoy life!
Q: When should I contact the Broad Sky Tax for the 2025 and 2026 tax returns?
A: We recommend you contact us immediately if you need help preparing 2025 tax returns. If you need help with 2026 tax returns, we also recommend you contact us as early as possible, so we can identify planning opportunities and tax saving strategies you may be able to adopt in 2026.
Q: How much do I need to pay for the tax return and planning services?
A: Every client’s situation is unique. Therefore, we will determine the fee based on the complexity of each client’s tax returns. We recommend you schedule an initial discussion with us, so we can identify the service scope and give you a more accurate fee quote.