Individual Tax Preparation led by Manhattan CPAs

Individual tax preparation serves taxpayers who need federal and state income tax returns prepared professionally. This service covers wage earners, retirees, investors, and self-employed individuals who want accurate filings without the complexity of tax software or manual calculations. We handle standard deductions, credits, and income reporting for individuals with straightforward tax situations.

The service includes gathering and organizing income documents like W-2s, 1099s, and investment statements. We review expenses for potential deductions such as mortgage interest, property taxes, and charitable contributions. For New York State and New York City residents, we ensure compliance with local tax requirements and proper withholding calculations.

Typical documents include pay stubs, bank statements, and retirement account statements. We help with education credits for students, earned income credits for lower-income taxpayers, and recovery rebate credits. The process involves reviewing all income sources, calculating taxable amounts, and identifying legitimate deductions to minimize tax liability.

We prepare both federal Form 1040 and state returns, ensuring accuracy and timely filing. For taxpayers with simple investment portfolios, we report capital gains and losses correctly. The service benefits those who want professional preparation without complex business or international tax issues. In Manhattan, NY, we understand the local tax environment and help residents navigate both federal and state filing requirements.