Individual Tax
Form 1040 U.S. Individual Income Tax Return
Clients can schedule an in-person consultation in our Plano office by appointment or request that we prepare your income tax return 100% online using our secure client portal.
we specialize in the preparation of personal income tax returns on IRS Form 1040 and all forty-one states that tax personal income. The following states do not tax personal income: Texas, Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Washington, and Wyoming.
We have extensive experience preparing personal tax returns for small business owners, real estate investors, investors with K-1 income from partnerships, S-Corps and trusts and stock traders.
We understand all forms of stock-based compensation, whether you have Incentive Stock Options (ISOs), Non-qualified Stock Options (NQSOs or NSOs) or restricted stock units (RSUs), We can help.
Most employees are not aware that the cost basis reported on Form 1099-B for RSUs requires adjustment. Taxpayers using the cost basis reported on Form 1099-B can overpay federal income taxes by tens of thousands of dollars.
If you are a US citizen or a resident alien of the United States and you live abroad, you are still taxed by the IRS on your worldwide income. But, if you earn wages as an employee or have self-employment income while working in a foreign country as an ex-patriate or expat, you might be able to exclude up to $107,600 in 2020 as tax-free income.
