Services

 Services - Tax Preparation and Tax Advisory

Federal and State Tax return preparation and filing

Amended Return and filing

Refund of Social Security and Medicare Taxes

ITIN preparation

FBAR preparation and filing

TAX Planning and Advisory

Accounting

Our Fees

Post filing services

Federal and State tax return (1040/1040NR/1065-LLC)

We prepare fast and reliable tax return. Entire return is prepared and filed (either paper filing or e filing if qualified) through the use of phone/email. No personal visit is required. Your return would be prepared with 3-4 phone calls/emails and you would spend very little of your precious time and your return would be done. However in complicated cases we may need more of your time. Your return would be done in just 9 steps per below.

 Step 1 - Call / email us. Preliminary discussion over phone to assess your tax situation and quote estimated fee in writing. (10-20 minutes)

 Step 2 - You download / scan and email / Share through secure gateway us copies of W2/1099 and other tax forms. (10-15 minutes)

 Step 3 - You fill in our CIS Form (an encrypted excel spreadsheet) and email us back to capture some basic tax related information required to prepare your return. (20-25 minutes)

 Step 4 - You pay the fee through PayPal / Secured payment gateway.(5 minutes)

 Step 5 - We call / email you for any clarification/question.(20-25 minutes)

 Step 6 - We will send you a draft return. ( 15 minutes)

 Step 7 - We answer your queries on the tax return prepared till you are satisfied. ( 15-30 minutes) 

 Step 8 - Once you are satisfied we receive your confirmation / approval to proceed for filing. (10 minutes)

 Step 9 - Return is efiled (if eligible) and an acceptance confirmation is shared OR a Paper Return (with instructions) is shared to mail to the IRS / State.

 

E filing: We will e file (if you are qualified for efiling) your tax return without any additional fee and a confirmation email with a copy of return will be sent to you.

Paper filing: Not qualified for e filing, you will get your complete return via email along with filing instruction. You have to print and mail using USPS. If you are applying for a ITIN or renewing your ITIN then submit the complete documents at the nearest irs office.

Amended Return 

A return duly filed with irs or state can be amended due to various reasons such as receipt of revised W2, change is status, deductions claimed wrongly etc. Maximum time available to file such amended return is 3 years from the due date of the original return.We support filing such amended return. 

Refund of Social Security / Medicare taxes deducted by the employer by mistake (For F1 Student)

F1 Visa students are not liable for Social Security and Medicare Tax. However by mistake employers deduct such taxes from the paycheck of such employees. Most of the employers do not refund such taxes. We help you in getting such taxes back from IRS.

ITIN Application

Non resident aliens not eligible for Social Security Number (SSN) are eligible for ITIN (Individual Taxpayers Identification Number). We will help you with the documentation for applying for ITIN.

FBAR

United States persons are required to file an FBAR if:

United States person includes U.S. citizens; U.S. residents; entities, including but not limited to, corporations, partnerships, or limited liability companies, created or organized in the United States or under the laws of the United States; and trusts or estates formed under the laws of the United States.

TAX Planning and Advisory

We not only do the transaction compliance by preparing and filing tax returns of the clients but also work as trusted tax and financial advisory. We do indepth analysis at the preparation and filing stage and provide necessary suggestion for future. We advise clients of various federal and state tax saving ways. We explain in details the reason for change in the numbers. In case the tax numbers are not in line with irs rule, we suggest ways to correct the same to avoid any issues with irs in future. We also respond to clients questions time to time on any of there tax issues.

ACCOUNTING

Preparation of books of accounts using QuickBooks, sales and purchase accounting, bank reconciliation statement, cash flows, profit and loss account and balance sheet. Prepare various financial ratios showing health of the company. Advise financial improvements. Follow up for collections.

Our Fee

We quote all inclusive service fees and for new clients take confirmation before we start the work. For existing clients we authorize loyalty discount and keep the fee bare minimum. Our fees depends upon the amount of work involved considering number of Schedules / Forms / time spent / Complexities if any.  

Our fee DOES NOT depend upon the amount of refund expected or tax due and hence we would charge the same fee no matter how much is the refund or tax due. 

You would not pay more than the fee quoted unless there is a change in the scope of work post confirmation of the fee. We would inform once we realized the same.

Typically our fee ranges between $80 - $135 for a federal and up to two state returns.

We provide discounts to students, early bird, referral and long standing clients.

Our fee may not be same as previous year and may be more or less depending upon the work content.


PRICE LIST

 

Minimum Service Cost:

Federal Form 1040: $60

·        Schedule A: $20

·        Schedule C: $35

.    Schedule D: $15

·        Schedule E: $25

.    Form 1116:  $30

.    Form 8863: $25

• Other federal form: $10 - $20 per filing / form

• State return: $25

NYC return: $20

FBAR: $25 (Up to 2 Accounts,$5 for additional accounts)

• FINCEN: $20 (Up to 2 Accounts,$5 for additional accounts)

ITIN: $20

NOTE: Additional charges may be applicable for and the fee above goes up for

Dual Status (F1 to H1, 1st Time to USA etc.)

Resident benefits to Student (5 Years completed on F1 VISA)

Resident benefits to Non-resident Spouse (Resident Election)

Resident benefits Non-residents (1st Year Choice, Substantial Presence Test, Full Year Resident)

Part Year Resident, Change of Resident State, Complexity


Post Filing Services

We are available {throughout the year, through phone , email (preferably) } after your return is filed / submitted in case of any questions / concerns / Advise you need. We do not charge unless we have to spend a long time. 

Should you receive any letter/notice from the IRS / State we will help in responding to queries if any. Mostly Free.

We would not represent you before IRS or states unless we specifically agree to do so.

We do not charge to respond to simple IRS / State queries. We help prepare documentation free of charge to respond to IRS / State queries. 

In case we had to redo some of the work due to mistakes of the clients OR if the clients want us to incorporate some missing documents (Amended Return, Additional Schedules / Forms etc.)  OR if we had to spend long time on a response document, those work may be chargeable. Of course we will inform the clients up front.