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Individual Taxation

After years of serving clients in some of the largest metropolitan areas, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity. Your individual return typically includes processing such forms as your W2 and 1099.

For individual returns, we specialize in individuals and sole proprietorships, which are recorded in a separate schedule outside of your form 1040. We can also discuss methods to structure your side-business or self-employment that is most beneficial to you. This includes helping you determine what you should be paying for quarterly estimated taxes on your sole proprietorship.

 

Past-Due Tax Returns

We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your W2s, 1099s, or other business and personal records due to the passage of time, our team will assist in sorting out your records. There are several methods of obtaining past information from the IRS, such as forms requesting information from prior W2s and 1099s submitted by your employers and account transcripts detailing balances to the IRS. The process is simpler than one would expect and our team will guide you through obtaining the necessary materials to straighten out and file your prior-year taxes without missing details that may lower your tax obligation.

Past-due returns incur (at least) two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. We can help estimate potential failure to file and failure to pay penalties that are incurred by clients who have failed to file past years’ returns and can help in getting those returns filed properly.