Tax Preparation: Individuals

Filing your own tax return may become complicated. The constantly changing tax code can be confusing to keep up with. Our skilled personnel will help you to find the best solution tailored to your unique situation.

We offer tax returns for individuals:
Form 1040 is most commonly filed forms by individuals, also known as ‘U.S. Individual Tax Return’. The form is used to report income, expenses, claim credits and deductions, to calculate refunds or payments due.

Form 1041, U.S. Income Tax Return for Estates and Trusts, is used by the fiduciary of a domestic decedent’s estate, trust, or or bankruptcy estates to report:

The income, deductions, gains, losses, etc., of the estate or trust;
The income that is either accumulated or held for future distribution or distributed currently to the beneficiaries;
Any income tax liability of the estate or trust;
Employment taxes on wages paid to household employees; and
Net Investment Income Tax (NIIT). See Schedule G, Part I, line 5, and the Instructions for Form 8960.

Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, must be filed by US resident or US citizens if the gift was given to someone (except your spouse) in the amount over the current annual gift exclusion amount. There might be some gifts not eligible for the exclusion amount (future interest gift).

Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, is generally filed for decedands whose gross estate is more than $13,610,000 (according to the current regulations). Please schedule an appointment with our tax professionals!