2025 Income Tax Returns — Client Copy

Ngozi Okafor & Erik Lindqvist · married filing jointly · 7709 Barton Ridge Dr, Austin, TX 78746

DRAFT for approval
Miraflores · 1100 Congress Ave, Suite 400, Austin, TX 78701
Paid preparer: Helen Strand, CPA

Federal Form 1040

Total income480,987

Adjusted gross income445,590

Itemized deductions85,706

Taxable income346,913

Total tax81,962

Total payments77,742

Estimated tax penalty164

Amount you owe4,220

California Form 540NR

Total AGI (CA law)481,096

California AGI305,349

California taxable income267,822

Total tax18,874

Total payments27,130

Refund8,256

Figures include the adjustments our review made to the computed return; see the explanation letter for each.

What we changed from the documents and why

No changes.

Things you need to do

• FinCEN Form 114 (FBAR) 2025 - Sparbanken Norrland — Client (outside engagement), due 2026-10-15

• Form 3520 for 2023 - inheritance from Birgitta Lindqvist (foreign person, >100,000) — Unresolved (prior preparer open item), due was 2024-04-15

• Forms 1099-NEC for Lindqvist Studio contractors (Quintero 4,800, Patel 2,600) — Client's business (outside engagement), due was 2026-02-02

• Ada's own 2025 Form 1040 (checked 'can be claimed as a dependent') — Ada (consumer software), due 2026-04-15

• Lindqvist Family Woodworks 1120-S and Oregon composite — Willamette CPA Group, due —

• Ridgeline Fund 1065 and Arizona composite (no partner filing needed) — Fund administrator, due —

• FTB: transfer the 3,500 2024 credit (paid 09/15/2025) to 2025 — Firm, on client's request, due before filing

• SEP-IRA excess contribution - withdraw before due date or Form 5329 — Client / custodian, due 2026-10-15

• 2026 federal estimates: 22,540 on each of 2026-04-15, 2026-06-15, 2026-09-15, 2027-01-15 (safe harbor: 110% of 2025 tax).