Advance Tax Planning (ATP)
We understand the importance of making smart benefit choices in today’s economy. That’s why we have come up with ATP ( Advance Tax Planning) which benefit to help your hard earned dollar stretch farther! Our tax experts will guide you with tax tips, which will help you to minimize your taxes and save your money . This is the time where you can plan your taxes in advance. This Service is available for no cost.
Expert Consulting Service
Worried about your taxes?? Dont worry!!! We at EliteTax Services gives you an opportunity, where you can discuss with our tax experts who are certified by IRS. They will help you with all types of tax resolutions, for any queries related to tax.
ITIN Processing for Spouse and Dependent
If you need to file a federal tax return but are not eligible for a Social Security Number, you must obtain an Individual Taxpayer Identification Number (ITIN) from the IRS. Although it sounds simple, the ITIN process can be complex. So we at EliteTax Services solutions assist you in getting ITIN.
FBAR and FATCA Filing
The IRS has a number of ways it tracks and taxes foreign assets and accounts held by U.S. taxpayers. Some, like the Foreign Account Tax Compliance Act (FATCA), add pages to your tax return. But FBAR's are a separate filing all together. Failure to file either one could result in substantial fines, penalties, or even criminal consequences. The Report of Foreign Bank and Financial Accounts (FBAR), now FinCEN Form 114, is a form that must be filed with the Financial Crimes Enforcement Network (FinCEN) each year to comply with provisions of the Bank Secrecy Act of 1970. It discloses foreign financial interests and signatory authority over foreign financial accounts. The Foreign Account Tax Compliance Act (FATCA) is a law that empowers the IRS to investigate and penalize tax evasion by U.S. taxpayers with financial assets overseas. Form 8938, the Statement of Specified Foreign Financial Assets, is an attachment to your federal tax return on which you must disclose those assets to enable the IRS to ensure that any taxes on income earned on those foreign assets have been paid.
Tax Amendments
If You make a mistake on a tax return you’ve already filed, the IRS allows you to correct those mistakes by filing an amended tax return. The IRS generally allows you to file an amended tax return to correct your filing status, the number of dependents you claim, your gross income and to increase or decrease the number of deductions and credits you report on your original tax return. If your original return reports the correct information but includes math errors, there is often no need to file an amendment. If the correction results in an increase in the amount of tax you owe, it’s to your advantage to file the amendment to avoid potential interest and penalties on the underpayment. so we at STANDARDTAX FILING helps you in amending your last year's tax returns.
Federal and State Notices Resolution
Each year, the IRS sends out millions of notices to taxpayers. Some are informational only, others require a response. They can be both favorable and unfavorable. On the plus side, they may advise you of your eligibility for a tax credit; on the minus side, of a pending audit. Notices may also alert you to an error on your tax return that triggered a refund (or a balance due). Others may request an updated address, or alert you to eligibility for something such as the Additional Child Tax Credit. Still others will ask you to file an additional form. Many can be avoided by simply filing an accurate tax return. Careless mistakes will almost certainly trigger an IRS notice. Take special care with your return, check the math, review the rules, and sign on the bottom line. We at Elitetax filing Solutions provide step by step guidance for dealing with all kinds of IRS. We check your returns for errors and common audit triggers, and guarantees your calculations will be 100% accurate as per your given information.
Tax Preparation Services
We at EliteTax Services prepare accurate tax returns. We ensure that we are always up-to-date on new IRS policies and laws. We work with clients to ensure that the correct deductions and credits are taken from their income tax returns. In addition, we can assist clients with personal planning for the fiscal year to help avoid future complications. We believe that income tax preparation should not be a burden on our clients. We will send simple fillable questionnaires that allow us to prepare your income taxes efficiently and quickly. Once you receive your tax return, you can review it for accuracy and send it back to be filed on time. Our tax preparers sign every tax return prepared and puts a guarantee on all of our tax work.
Extension Filing
It is often possible to get a tax filing extension. Federal taxes are due to the IRS by April 18th of each year, unless the IRS changes this date. In some cases, you may find it difficult to file your tax return by this time. This is when you will need to request an extension. Do not just turn in your return late, this will cause extra penalties and interest. Don’t avoid filing. Instead, just ask for an extension. However, filing an extension is not as simple as it sounds. When you file an extension, you are only pushing back the due date for the tax return itself. If you owe the IRS money, you are still required to pay this at the time of filing an extension. You will need to estimate the amount you owe to the IRS at the time of filing for the extension. This can be a difficult process since you haven’t completed the necessary tax return yet. The payment of your taxes owed is still due by April 18th, or the tax filing deadline.
W4 Assistance
W4 Assistance
Tax Return Evaluation for last 3 years
if You make a mistake on a tax return you’ve already filed, the IRS allows you to correct those mistakes by filing an amended tax return. The IRS generally allows you to file an amended tax return to correct your filing status, the number of dependents you claim, your gross income and to increase or decrease the number of deductions and credits you report on your original tax return. If your original return reports the correct information but includes math errors, there is often no need to file an amendment. If the correction results in an increase in the amount of tax you owe, it’s to your advantage to file the amendment to avoid potential interest and penalties on the underpayment. so we at EliteTax Services helps you in ammending your last year tax returns.
Tax Preparation Services
We at EliteTax Services prepare accurate tax returns. We ensure that we are always up-to-date on new IRS policies and laws. We work with clients to ensure that the correct deductions and credits are taken from their income tax returns. In addition, we can assist clients with personal planning for the fiscal year to help avoid future complications. We believe that income tax preparation should not be a burden on our clients. We will send simple fillable questionnaires that allow us to prepare your income taxes efficiently and quickly. Once you receive your tax return, you can review it for accuracy and send it back to be filed on time. Our tax preparers sign every tax return prepared and puts a guarantee on all of our tax work.
County Taxes
County Taxes
IRS Audit Representation
Worried about your taxes?? Dont worry!!! We at Elite Tax Services gives you an opportunity, where you can discuss with our tax experts who are certified by IRS. They will help you with all types of tax resolutions, for any queries related to tax.