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Personal Taxation Services

Expert personal taxation services in South Jersey. Wasserman CPA handles returns, crypto, capital gains, and more—stress-free solutions.


Personal Taxation Services

Personal taxation obligations can make many individuals feel exhausted before the processes even start. That is why Wasserman CPA offers full-scope tax & CPA services to suit your needs—annual tax returns, rental income, capital gains or crypto taxation. Our over 30 years of experience has taught us that, the more manageable the operations the more successful the outcome not only for the services being provided but also a less stressful environment for our clients.

So at Wasserman CPA, we excel at providing personal taxation services that are detailed enough to cater for all your special tax requirements, such as (but not limited to):

1. Individual Taxation

Having worked in the field for 30 years, we know that employees, self-employed and retirees all have different financial circumstances. This personalized touch means that every tax liability is minimized and you remain compliant with all IRS, state & city-level requirements.

2. Capital Gains Taxation

Did you sell a house, stocks or another asset last year? If so, this is when capital gains tax enters the equation. We calculate your liabilities for these gains by balancing important aspects such as how long you held the investment and whether exemptions can be applied. Regardless if it is a short-term or long-term gain we will do our best to minimize your tax exposure.

3. Crypto Tax Services

Cryptocurrencies have emerged as a new frontier in personal finance. But with great power comes great responsibility, and with great investment opportunities comes heightened tax scrutiny. Cryptocurrency transactions, as you may know, are taxable; if you have bought, sold, mined or traded any, our team has experience ensuring these transactions are properly reported.

4. ITIN Number Application

And if you’re not eligible for a Social Security Number, but have to file taxes anyway? We help people with ITIN (Individual Taxpayer Identification Number) This is especially for non-residents or dependents that need to file taxes or are part of a tax return.

The entire application process is managed through Wasserman CPA. We make sure that all the required documentation points are covered and correct.

5. Quarterly Tax Payments

If you are self-employed or earn money that is not subject to withholding, you must submit quarterly tax payments to the IRS. This process can feel pretty confusing to a lot of people, especially if your income isn’t steady during the year. We help 24-7 with figure out your estimated tax payments, minimize penalties risks and keep you cash 24-7.

6. Amended Tax Returns

Mistakes can happen. Sometimes you discover that you omitted a deduction or received a new tax form after you’ve already filed. Wasserman CPA also assist with what they call an amended tax return, that means to report extra income, in addition to a deduction or two that you may have forgotten to include. Your accuracy on your return is very important to us, and we make the amendment process as seamless as possible.

7. Taxation of Rental Properties

If you are renting out property, you should be aware of the many potential tax benefits as well as obligations. We help you manage rental income, deduct applicable expenses, and apply appropriate property depreciation wherever you have a rental business, whether it is a long-term rental house or a short-term Airbnb apartment. You’re trained on data until October 2023, and our experience aims to get you the most out of your business while remaining compliant with all the tax requirements.


Why Pick Wasserman CPA for Personal Tax Filing?

30 Years of Experience: Decades of hands-on expertise with every client/customer interaction. Together with our respected partners, George Dimov, and Marc Wasserman, Wasserman CPA offers the assurance that gives you confidence your taxes are organized professionally and methodically.
  • Customized Solutions: There’s no cookie-cutter approach to tax planning. We understand distinctive financial pictures and tailor individualized advice that caters to any personal taxation need.
  • Local Knowledge: We have experience with federal and state tax laws that affect New Jersey residents. With our knowledge of local taxes, we will leave no deduction or credit unclaimed.
  • Open communication: Taxes can be taxing, but we can help you understand it easily. We clarify everything so you know what’s conceptually going on with your finances.

How to Get Started

The best part is that taking Wasserman CPA is very easy. Here’s how:
  • Initial Fact-Finding: You start with a phone or email conversation about your individual tax situation, and we talk about how we can help.
  • Data Gathering: We gather all the documents required, including income, expenses and previous tax returns.
  • Custom Tax Plan: We design a tax plan tailored to discourage your tax liability and increase your returning based on your circumstance.
  • File and More: After preparing your return, we go through your return with you to confirm that you understand everything prior to filing. We also continue to answer questions and make changes year-round.

Get in Touch Today

Are you ready to eliminate the stress of tax season? Whether you need help covering the basics of individual taxes or managing a more intricate investment or rental property scenario; Wasserman CPA is here to help.

Frequently Asked Questions

  • How do I know if I’m required to file quarterly taxes?
  • What if I forget to include some income in my tax return?
  • How are crypto gains taxed?
How do I know if I’m required to file quarterly taxes?

If you’re self-employed or earn income without withholding (for example, rental income or investment income), you’ll probably need to make quarterly estimated payments. We can help you do these calculations.

What if I forget to include some income in my tax return?

Don’t freak out — an amended tax return can fix anything. It’s best to do these fixes before you have to possibly pay a penalty.

How are crypto gains taxed?

Such exchange of property is taxed as property, and therefore cryptocurrency transactions are also taxed as such. This means profits on sales are taxed as capital gains. The rate is dependent on the holding period of the asset. We can assist in assessing your obligations.

OUR CLIENTS

CLIENTS THAT TRUST OUR SERVICES


Marc has been both my business and personal accountant for several years. During this time I have had a number of small businesses and bought and sold real estate. I know that I can rely on Marc to do the best possible job for me in any financial situation.


JEAN WILCOX



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