INDIVIDUALS

Tax Preparation & Filing

The foundation of tax expertise at New Wave Tax Consulting  is personal attention. Every client benefits from our attentive experts who listen closely to learn more about your particular tax situation. With that information, we apply our knowledge of current tax law to minimize tax liabilities and ensure that you benefit from every option to save. When it comes to tax planning and preparation, you need someone to help identify and take advantage of a full range of tax-saving strategies.

 

A core specialty is the preparation of tax returns for individual taxpayers. Over the years literally 1000′s of Federal and State returns have been prepared and filed. TAX PREPARATION includes the completion of Federal, State, County and City returns for individual as required by law. In order to provide you with the most favorable returns; we will require detailed information and documentation involving both your personal and professional financial situation. Our accuracy in reporting your income, deductions, and credits is based on you providing the necessary information. We may ask you to clarify some items but will not audit or otherwise verify the data you submit. Any advice, suggestions, or recommendations regarding your financial situation is based solely on the information we obtain from you and should be followed up with further guidance from your banker, attorney, or investment advisor. Our fee will be based on the forms required (NOT line item) at standard billing rates plus out-of pocket expenses. Invoices are due and payable upon presentation. We will return your original records at the end of this engagement. OUR GUARANTEE: Is a FREE service limited to 3 years from the date of completion and available at the time the return is completed and paid for. We appreciate your confidence in us. Please call if you have questions.

ITIN Support

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.

Tax Representation

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.

FBAR

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.

Amendment Filing

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.

Indian Taxation

We understand your unique tax filing needs. In today’s fast-moving world where time is everything, we offer online tax filing solutions for individuals that help you save time in achieving Tax Compliance. The solution is simple, smart and easy to use. We also provide tools and tips to help you file an accurate tax return without missing any tax benefits that you can claim. Answer simple questions about your income & investments for instantaneous computation of your personal tax. Absolutely compliant and accurate output!