Individual Taxation Service
Anyone who is looking to prepare their taxes should know there is almost always something that makes a tax return unique, so you need a tax solution custom tailored to your situation. For example, if you live in the United States and purchased or sold a home, there are tax laws that would help lower the taxes owed to the IRS. We get the specific information based on your scenario and then provide you with services based on your particular circumstances.
The truth of the matter is taxes are complicated and confusing. The laws change every year, so it is even a challenge for professional accountants to keep up with everything that is new. However, that is our job, and we take our obligation to our clients seriously. We work with you to get you every possible deduction. With our extensive experience and in-depth knowledge of current tax law, our accountants know what to look for. Let us save you time, worry, and possible penalties. It’s easy--just reach out to us and say help me with tax preparation.
Answering Your Questions about Foreign Income Reporting
When dealing with foreign earned-income reporting, we concentrate on Americans living and working abroad. If you are a U.S. citizen or a green card holder living and working in another country, you are probably wondering if you have to file a U.S. tax return. The answer is, “Yes, you do.”
As a U.S. citizen, you have to report your worldwide income. However, there are certain exclusions and deductions you can utilize. Examples include the Foreign Earned Income Exclusion and Foreign Housing Exclusion, as well as deductions.
We can handle your income tax filing requirements. Our accountants can tell you when you have to disclose information about a foreign bank account. And, we can handle the filing obligation of a non-U.S. resident who lives in a foreign country and owns a U.S. company. These scenarios are not common knowledge, but we have the experience necessary to help you fulfill your tax obligations. We are happy to walk you through each and every step.
Contact us today for tax preparation from certified public accountants. We proudly serve customers in New York City and the Metro area.