Individual Tax Services

Tax Planning

We believe our work does not start during tax filing season, after the tax year ends. We stay in touch with our clients throughout the year. We keep our clients informed of new developments in income tax laws and regulations affecting their tax status. We ask our clients to inform us of changes in their income structure and of significant financial transactions that may affect their income tax liability for the year. We are there for our clients when they need an advice before entering into an important financial transaction.

We work with our clients to plan for their year-end income tax liability and to put in place tax strategies specific to their tax situation. This helps them to avoid any surprises during the tax filing time.

Tax Compliance

Filing and paying income tax is an important civic responsibility that needs to be fulfilled in a timely manner. We understand tax filing can be stressful and work hard to make income tax filing activity a smooth experience for our clients. We educate our clients in compiling necessary paperwork and tax information for filing their income tax returns. We explain different tax deductions available to them considering their income structure and filing status. We work hard to minimize our clients’ tax burden and assist them with their income tax compliance.

TaxVizors LLC is an Authorized IRS e-file Provider, we will file your tax return electronically.

Business Tax Services

Federal and State business income tax laws and regulations are very complicated. With IRS and States aggressively enforcing tax laws and regulations, it is important than ever that you stay on top of your business income tax compliance.

Our approach to income tax compliance is two pronged. We believe not just in timely filing of business income tax returns, but also in staying in touch with our clients to plan for their year-end income tax liability. Tax planning is a very important component of our business tax services. We keep our clients informed of any changes in tax laws affecting their business. Due to our client interaction throughout the year, we stay cognizant of clients’ operating performance and of any changes in their business. We help our clients in devising tax strategies specific to their business and in planning for their year-end income tax liability.

After the tax year ends, we work with our business clients and help them in filing their income tax returns.

International Tax

Individuals and businesses with foreign income operations are subject to different tax filing requirements in United States. Our comprehensive international tax services are aimed at helping our individual and business clients to comply with such tax filing requirements. Some of such filing requirements we help our clients with are:

  • • FinCEN Form 114 - Report of Foreign Bank and Financial Accounts (FBAR)
  • • Form 2555 - Foreign Earned Income
  • • Form 1116 - Foreign Tax Credit - Individual, Estate, or Trust
  • • Form 1118 - Foreign Tax Credit - Corporations
  • • Form 8804 - Return for Partnership Withholding allocated to Foreign Partners
  • • Form 8805 - Foreign Partner's Information Statement of Withholding Tax
  • • Form 5471 - Information Return of Controlled Foreign Corporations
  • • Form 5472 - Information Return of Foreign Owned Corporations
  • • Form W-8BEN - Certificate of Foreign Status for Reduced Withholding Rates
  • • Form 8832 - Entity Classification Election