Solve every problemTax Planning &
Preparation (Individuals)
Never fall into the misconception that tax planning is only for wealthy individuals and owners of mega-successful businesses. Tax planning can benefit any person that wants to increase their income by minimizing their tax liability. Whether you are a U.S. resident or citizen, U.S. expatriate, or the owner of an international business, tax planning will likely benefit you or your business in more ways than one.
Every U.S. state, even those without a state income tax, has a state taxing authority. This agency oversees the annual collection of state tax. Taxpayers file individual state tax returns unique to the state. Most state tax returns assess and calculate tax concerning line items from the federal tax return.
Great Tax Results
Key Takeaways
- Form 1040 is what individual taxpayers use to file their taxes with the IRS.
- The form determines if additional taxes are due or if the filer will receive a tax refund.
- Personal information, such as name, address, Social Security number, and the number of dependents, are asked for on Form 1040.
- A filer also needs to report wages, salary, taxable interest, capital gains, pensions, Social Security benefits, and other types of income.
- Taxpayers may need to file supplemental tax 1040 forms depending on their situation.
Here’s what TaxAccountPro do for you
- Tax preparation, filing, and returns.
- Prepare accurate tax returns that are filed on time.
- Calculate estimated taxes for self-employed small business owners.
- Electronic filing and direct deposit for a faster tax refund
- File extensions and calculate estimated tax to avoid interest and penalties
- Annual income tax planning
- Financial planning
Benifits of Filing Individual Tax Return
- Avoid added interest and penalties.
- Avoid losing future refunds. Part or all of any refund is first used to pay any back taxes owed.
- Safeguard credit. If the IRS files a tax lien against a taxpayer, it could affect credit scores and make it harder to get a loan.Tax-free exchanges
Why do you need TaxAccountPro Services?
Time Benefit – Allows to plan round-the-clock operations.
Cost-Benefit – Lower cost of operations by 40%.
Staff Benefit – Right Level staff for different requirements.
Business Benefit – Save on Infrastructure and Technology for outsourced staff.
If you need a fast, accurate tax professional to prepare your tax return this year give us a call today
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If you want a professional accountant to take the stress out of running a business then you can’t really do better. Tax Account Pro are advocates of cloud based accounting and make it really easy for you as a business owner to take control of your books. Highly recommended
Neeraj Chitra
As part of our property investment business, we have many clients who need advice on how to manage their finances regarding a buy to let portfolio. We will always refer these clients to Pro Tax, as they are some of the most professional and well qualified accountants around, and the advice and customer service they give is top quality
Michelle Nortan
My Experience Ankit was amazing. He pays a lot of attention to detail, is very much self driven, Extremely knowledgeable, Commits and achieves deadlines, very responsive, I would definitely hire him in the future.
Douglas Marato
I’m very Pleased. Ankit is very knowledgeable about US tax and was quite successful at looking at my problem, redoing my work and fixing issues and then give me advice for the future. I’ll be back.
Scott Turansky
As the owner of a new business, I needed an accountant I could trust. Lee is incredibly knowledgeable as well as personable, helping me ensure my business was set up and managed correctly. His work is professional and transparent, you know exactly what to expect and what you’re paying for. Cannot recommend highly enough!
Mr. Hassan Noorie
Thank you for all your professional help with our data! We wouldn’t be able to process all the statistics and numbers in time, and would surely lose tons of vital information!
Nicole Morrison