Tax Preparation for Individuals

Description

SERVICES FOR INDIVIDUALS Tax Preparation Freyman CPA brings a high level of expertise to your individual tax return preparation. We understand the complexities of our clients’ situations and are experienced in handling all levels of tax filings, from basic returns to multi-state, foreign, or self-employed filings. We streamline the tax preparation process to reduce the amount of time that you need to think about taxes, and we implement effective tax saving strategies to reduce your tax obligations. In addition, we will optimize tax payments by providing guidance relating to withholding and tax estimates; this will establish that no penalties are incurred and will reduce the likelihood of overpayment. Freyman CPA can prepare and file all of your required tax forms. We prepare federal, state, and local tax returns, including the following forms and reports: Individual Income Tax Return (Form 1040) Estimated income taxes (Form 1040-ES) Amended Individual Income Tax Return (Form 1040X) US Gift and Generation-Skipping Transfer Tax Return (Form 709) If you are married, we will always perform an analysis to determine whether it is beneficial to file jointly or separately. Multi-State Filing Many of our clients file tax returns in multiple states due to differing states of residence and work. We can assist with your multi-state exposure by: Determining your filing requirements Projecting your income taxes in each state Preparing tax estimates Modeling payroll to determine the optimal withholding for each state Preparing tax return High Net Worth Individuals We are experienced with the preparation of tax returns for high net worth individuals who may have significant partnership holdings, capital transactions, and foreign investments. We can provide tailored tax strategies to reduce your tax liability. Self-Employed Individuals When you run your own business, there are a number of additional tasks that must be done in order to prepare your taxes. We can assist with all tax-related matters, including: Preparing your books, including cleaning up the general ledger Reconciling your bank accounts Preparing financial statements, including a profit and loss statement and a balance sheet Preparing a full schedule C Preparing your income tax return Providing general consultation related to your business’ tax and financial matters International Exposure We specialize in preparing tax returns for both foreign individuals living in the US and US citizens living or working abroad. We can provide guidance on international tax issues and obligations in addition to preparing your tax returns. Some of our international-related preparations include: US tax returns for foreign individuals US tax returns for US citizens with international business entities US tax returns for US citizens working abroad Calculation of matrimonial tax implications Analysis of living and working abroad Specialized Forms