If you earn money in the United States but you don’t qualify for a Social Security Number, NEW WAVE TAX CONSULTING can help you apply for an Individual Taxpayer Identification Number (also known as an ITIN, PIN, Tax ID or Taxpayer ID) and file any and all pending tax returns.
With the new IRS, more and more taxpayers are being audited. In the past 2 years over 500 more examiners have been hired by the IRS to examine both individual and business returns in an effort to reduce the “Tax Gap”. This means that more and more taxpayers are receiving letters, notices and are being audited. Everyone needs Representation in matters before the Internal Revenue Service, even if you think you have nothing to hide– don’t risk going alone. DON’T IGNORE them as there are definite time limitations.We follow changes in tax laws throughout the year and alert you to developments that could have a significant impact on your finances. We will also represent you in the event of an IRS audit.
All US Citizens and Residents who has a financial interest in or signature authority or other authority over any financial account in a foreign country and if the aggregate value of these accounts exceed $10,000 at any time during the calendar year, then it is mandatory to file FBAR with IRS by 30th June 2016 for the calendar year 2015.We at New Wave Tax Consulting obtain the relevant information regarding FBAR services along with the regular tax returns and process the same.
An amended tax return generally allows you to file your tax return again to correct your filing status, add or correct your income, claim or allow deductions or credits which you have missed out in your previously filed tax return.At New Wave Tax Consulting we will help you to file your Amendment Tax Return in any of the following reasons
Claiming additional Dependents.
Removing Dependents you previously claimed by mistake.
Reporting your proper filing status.
Reporting additional income
Making changes in your ‘Above the line Deductions’,’ Standard Deduction’ or’ Itemized Deductions’.
Changing your personal exemptions.
Claiming additional Tax Credits, removing Tax Credits mistakenly taken, or recalculating the amount of the Credits and
Reporting additional withholding etc.
We understand your unique tax