Wasserman CPA takes pride in providing bespoke individual taxation services. We are competent in filing out your taxes for the first time or handling a more complex tax situation, our only business focus is you! Our team is proud to provide practical solutions and keep you guided throughout the entire process.
Professional Assistance Matters in Individual Taxation
Filing taxes, as we all know, can be a huge headache. Tax laws are always changing and it can be difficult to keep up with the new implications. Whether a complication involving tax credits, determining deductible expenses or understanding how life occurrences—like a new job, buying a house or having children—inevitably affects your taxes, professional advice can have a hugely impact on your life. Wasserman CPA will help make tax matters that can be confusing, clear, and help make sure you owe as little taxes as possible.
Our Method for the Taxation of Individuals
Here at Wasserman CPA, we are firm believers that a one-size-fits-all solution does not exist. Our individual taxation services are designed with a large range of financial circumstances in mind because no two situations are ever the same. Such services involve anything from helping you minimize your taxable income, anticipating tax payment and making profitable financial decisions that would benefit your augmented future. Some of the key individual taxation services we offer are:
- Individual Tax Preparation: We prepare your federal and state tax returns (Form(s) 1040) and make sure all the forms are filled out correctly and filed on time.
- Maximizing Deductions and Credits: We strive to maximize deductions and credits that apply to the taxpayer, from education and childcare credits to deductions for medical expenses.
- Tax Planning Strategies: We do more than file — we help you plan ahead. Best Tax Planning Strategies To Minimize Tax LiabilitiesMinimization of tax liability with optimum available best options to give you control of your wallet.
- Audit support: No one likes to think about audits, but they do happen. Your ideal protection from IRS correspondence and will stand by you if the IRS comes calling.
Personalized Tax Guidance for Unique Situations
Taxes are incredibly variable based on individual situations, and we’re prepared to speak to a range of circumstances, including:
- Self-Employed Contractors: If you work as a self-employed contractor or freelancer, tax season can be especially painful. We help with tracking your quarterly estimated tax payments and find business deductions to help reduce your overall tax liability.
- Homeowners: If you recently purchased or sold a home, there’s plenty to navigate in your new tax landscape — such as the ability to deduct mortgage interest and how to handle capital gains. We guarantee you the maximum use of superannuation deductions to reduce tax and increase your savings.
- Retirement Planning: Taxes are a major consideration for anyone in or nearing retirement who needs to tap into retirement accounts. We will fully guide you on how to make the withdrawal in a tax efficient manner, minimizing your tax liabilities.
- Parents and Families: Then there are the numerous child tax credits, childcare expenses and education expenses for which you are paying, and we guide you to maximize credits and deductions to reduce your tax liability.
- High Net-Worth Individuals: If you have multiple streams of income or significant investments, we offer strategic tax planning to lower your liability and ensure compliance with intricate tax regulations.
- Expats and foreign income earners: if you’re working in or getting income from outside the U.S., your taxes can be pretty complicated, too. We help with foreign tax credits, foreign exclusions, FATCA and FBAR compliance.
- Tax on Stock Options: If you receive stock options or restricted stock units (RSUs) focused as part of your compensation, we can determine how much to expect to pay in taxes or how to plan for capital gains.
- Divorce Separation: The tax situations resulting from or during a divorce can be troubling to navigate especially with respect to types of income including alimony, child support and asset division. We’ll walk you through the process — and how to make the most of your taxes.
- Medical Expenses and Health Savings Accounts (HSAs): Medical expense tax deductions are more complex than most people think. Getting maximum tax break from medical bills and payment strategies in HSAs.
- Planning For Inheritance And Estate Taxation: Closely relating to taxes on inherited property are taxes on property bequeathed, which can be complicated. We at Wasserman CPA walk you through the tax implications and how to minimize the impact of estate taxes through strategic decision making.
Our Promise to You
When you work with Wasserman CPA, you’re not just another tax return; you’re a client. We will take the time to understand everything about your financial situation, so that we can advise you on the things you need to know to make educated decisions.
Aside from that, we have spent decades guiding our clients through the maze of the confusing world of taxes, and we know that clear communication, proactive and organized planning and personal service are the keys to successful outcomes. The Wasserman CPA delivers the personalized service you need.
- Local Knowledge: New Jersey, is home to our firm, and three decades in the area have brought us a wealth of knowledge about state and local tax needs that national chains can’t come close to replicating.
- Customized Service: Each individual has different financial needs. We want to learn about your unique needs so that we can decide how to help you.
- Accessible and Approachable: Taxes are scary but shouldn’t be. We do all of this to make the process simple, accessible and, we say this with all due humility, a little bit nice.
Make This Tax Season a Breeze
Tax season doesn’t have to be stressful. With Wasserman CPA in your corner, you’ll have the guidance, support and expertise you need to make sure your taxes are done right—with no headaches. We offer a personalized, detailed approach to your tax preparation that will bring you peace of mind.
All set to simplify your taxes? Contact Wasserman CPA now to set a meeting and discover how we may help with your individual tax requirements.
