Individual Tax Preparation

New Waverly Tax Services can assist you in submitting forms 1040, 1040A, and 1040EZ for your annual income tax with ease.  Our tax professional is qualified, experienced and knowledgeable in various areas, including the preparation of individual federal and state taxes (all 50 states), charitable tax, foundation tax, nonprofit tax, international tax, electronic filing, amended returns, and more.  

There may be instances when you filed your taxes assuming you had all you needed for the tax year, only to find out later that you received additional documents that were not included with your tax return or perhaps vital income or costs were missed. If these scenarios apply to you, we can help you submit form 1040X to amend your tax return.

Few customers fall into this category, but those who do tend to be either new to American tax law or have left the nation in search of new business opportunities. Our company handles these clients professionally, and we make an effort to make the simultaneous filing of forms 1040NR and 1040 as simple as possible.

Fees for this service may tend to be higher because there are not many tax professionals who provide this type of service, which requires using form 1040NR.  We are aware of how burdensome dealing with new rules and regulations may be for international investors or new citizens of the USA. For this reason, we offer this service at a reasonable and fair price and will deal with the challenges it brings in a professional manner.

The IRS has various ways to find your foreign bank accounts, and the consequences of not reporting it can be severe. If you have a foreign bank account that you have not reported to the IRS, you may face civil and criminal penalties. We can help you with the reporting requirements for your foreign bank account as well as assist with finding any relief programs you may be eligible for.

Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust tax-related matters.

We can assist you with applying for an ITIN (Individual Tax Identification Number) if you are an investor from another country conducting business in the United States or a resident alien or national in the United States who is liable to pay income taxes. We can do this by filling out form W7 from the IRS.