Individual Tax

From tax planning to preparation decisions, we guide our clients through a full range of services aimed at assisting individuals with their tax-related needs. We apply strategies that minimize your liabilities and maximize your cash flow to keep you on track to your financial goals. Some individual tax services we provide include:

• Tax Preparation: We prepare and file your income tax returns accurately and in compliance with current tax laws, gathering necessary documents to ensure returns are filed accurately and on time.
• Tax Planning: Our tax team assists clients in developing strategies to minimize their tax liability. This may involve analyzing financial situations, investments, and income sources to make informed decisions that can legally reduce the amount of taxes owed.
• Tax Compliance: We ensure that individuals follow federal, state, and local tax regulations, and advise our clients on tax obligations related to self-employment, rental income, investments, and other sources of income.
• Estate and Gift Tax Planning: We help individuals plan for the transfer of wealth to heirs and beneficiaries while minimizing estate and gift tax liabilities. This may involve setting up trusts, gifting strategies, and structuring the estate in a tax-efficient manner.
• Retirement Planning: Our firm can assist individuals planning for retirement by evaluating different retirement account options (e.g., IRAs, 401(k)s) and providing advice on contribution limits, required minimum distributions, and tax implications upon retirement.
• Tax Credits and Deductions: We are experienced in identifying potential tax credits and deductions that individuals may be eligible for, such as education credits, child tax credits, mortgage interest deductions, and more.
• Estimated Tax Payments: For those with income not subject to withholding (e.g., self-employed individuals), we can help calculate and manage estimated tax payments to avoid penalties for underpayment.
• IRS Representation: We can represent individuals in communication and negotiations with the Internal Revenue Service (IRS) and State Revenue Department for audits, disputes, or other tax-related matters.
• Tax Compliance Reviews: Our firm can review prior tax returns to identify potential errors or missed deductions, and if necessary, amend the returns to rectify any discrepancies.
• Tax Education and Consultation: We educate our individual clients about changes in tax laws, potential tax-saving strategies, and ways to maintain proper tax records.
• Tax Impact of Investment Decisions: We help our clients understand the tax implications of various investment decisions, such as capital gains tax on the sale of stocks or real estate.
• Foreign Tax Matters: Our tax team assists individuals with international taxation to ensure clients are tax compliant with foreign income, foreign bank accounts, and other international tax matters.