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.