Federal Income Tax

Preparation of Form 1040 / Form 1040NR / Form 1040-X, Dual Status Federal Income Tax Return.  This includes all standard reporting schedules and applies to the majority of cases.

State specific tax on wages, salaries, and other income, 43 states impose it; 7 states including Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming have no state income tax

Local income tax is a tax imposed by cities, counties, or municipalities on the income of individuals who live or work within their jurisdiction. It is in addition to federal income tax and in most cases, state income tax.

Schedule K-1 is a U.S. tax form used to report income, deductions, and credits from certain pass-through entities. Unlike a W-2 or 1099, a K-1 shows each owner’s or partner’s share of business income that must be reported on their personal tax return.