We are Committed to delivering quality Tax filing service across USA.
1040Taxmates LLC is a team of dedicated and experienced professionals committed to delivering quality service to our esteemed clients. Our professional team has successfully assisted our clients in realizing the outsourcing benefit and delivering sustainable competitive advantage ahead.
With our certified training and expansive financial knowledge, we are equipped to handle all of your accounting needs, no matter how complex. Whether you require assistance at the corporate or personal level, we are ready to serve as your tax planners, accounting, and financing advisor.
Our tax preparation and tax processing service methodology provide CPAs and Tax service providers of almost any size with a great new way of handling their tax compliance workload and meeting filing deadlines.
In addition, 1040Taxmates LLC ease of making good communication relationships, understanding the needs of the taxpayer, the availability of physical facilities including adequate means of communication, and skilled employees in their duties
Services
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Student Tax Filing
If you are considering studying in the United States, you may be asking yourself: do international students pay taxes? Filing taxes as an international student is required for all F-1 visa holders, even if you decide not to... work while pursuing your education. Don’t let questions about Social Security numbers and tax forms intimidate you. It’s easy to file your F-1 student tax return with a little bit of prep work. Read on to learn more about tax filing for international students, including which forms you will need and available resources that can help you with the process.
ITIN Processing
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service (IRS). The IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means... to efficiently process and account for tax returns and payments for those not eligible for a Social Security Number (SSN). ITINs are issued by the IRS to certain non-resident aliens who require a number for tax treaty, tax return or other reasons.
FBAR & FATCA Processing
The Foreign Bank Account Report, or FBAR, is a filing requirement for Americans must fill out if they have more than $10,000 in bank accounts outside of the United States at any time during the year.Although it... has existed since 1970, but its enforcement has intensified over recent years as these days the US has increased its focus towards retrieving taxes from US citizens’ money and their investments in abroad.
Federal & State
Report of Foreign Bank and Financial Accounts, that must be filed with the Financial Crimes Enforcement Network (FinCEN), which is a bureau of the Treasury Department.The FBAR filing requirement is not part... of filing a tax return. The FBAR Form 114 is filed separately.
Extension Filing
A filing extension is an exemption made to both individual taxpayers and businesses that are unable to file a tax return by the due date. Individuals can complete and file IRS Form 4868 by the regular date ... of their return, which is usually April 15, for an automatic six-month extension. Most business tax returns can be extended by filing IRS Form 7004. However, the extension of time to file does not provide a corresponding extension for payment of taxes owed. An explanation of the reason for the extension is required. Some states accept IRS extensions, but others require taxpayers to file a separate state extension form.
Amendment
An amended return is a return filed in order to make corrections to a tax return from a previous year. An amended return can be used to correct errors and claim a more advantageous tax filing. For example, one might... choose to file an amended return in instances of misreported earnings or tax credits. Change in filing status, change in the number of claimed dependents, incorrectly claimed tax credits and deductions, incorrectly reported income, are reasons individuals file an amended return. The drawback of filing an amended return is that the document has to be mailed to the IRS Service Center that processed the original tax form and can take up to 16 weeks to be processed.
Tax Representation
If you have a tax problem, a notice from the IRS, or are under audit, you may want a tax expert to represent you before the IRS. 1040Taxmates LLC will be providing Free tax representation services for Individual or Business...Entity who receives any audit notice from the IRS with regards to the previously filed tax returns. The taxpayer can write a Power of Attorney, Form 2848, appointing our Enrolled Agents to represent the case before the IRS, this Power of Attorney will authorize us to act on behalf of taxpayers in the tax matters only.
Student Tax Filing
Student Tax Filing
Who Must File
Aliens temporarily present in the United States as students, trainees, scholars, teachers, researchers, exchange visitors, and cultural exchange visitors are subject to special rules with respect to the taxation of their income.
There is no minimum dollar amount of income that triggers a filing requirement for a nonresident alien, including a foreign student or a foreign scholar.
Filing required by nonresident alien students and scholars who have:
- A taxable scholarship or fellowship grant, as described in Chapter 1 of Publication 970, Tax Benefits for Education;
- Income partially or totally exempt from tax under the terms of a tax treaty; and/or
- Any other income that is taxable under the Internal Revenue Code.
ITIN Processing
ITIN Processing
ITIN Processing
We are approved Certifying Acceptance Agents and specialise in obtaining US Individual Taxpayer Identification Numbers (ITINs) for all the qualifying applicants along with the other surrounding areas at a very competitive charge. As ITIN specialists, we help our resident and non-resident aliens, as well as other foreign taxpayers to apply for an ITIN Processing from the Internal Revenue Service.
We take the time to fully understand your situation so that we can file your Form W-7 application as per the rules and procedures. Beside this, we are also experts in reducing any likelihood of your ITIN application being delayed or rejected by the Internal Revenue Service (IRS). Using our services, you can avoid the burden of you having to be without your original identity documents and thus remove the potential risk of your document.
Being a (Certifying) Certified Acceptance Agent (CAA), we can certify an applicant’s identification documents as part of the ITIN application process and ITIN Preparation. Beside this, We will sign your completed Form W-7 and provide you with a Certificate of Accuracy that will further gets attached to your tax return and submitted to the IRS.
Avoid the hassle and headache of trying to get an IRS ITIN number with our services. Use our tax ID number application service to apply for an individual taxpayer identification number now!
FBAR & FATCA PROCESSING
FBAR & FATCA PROCESSING
The Foreign Bank Account Report, or FBAR, is a filing requirement for Americans must fill out if they have more than $10,000 in bank accounts outside of the United States at any time during the year.Although it has existed since 1970, but its enforcement has intensified over recent years as these days the US has increased its focus towards retrieving taxes from US citizens’ money and their investments in abroad.
The FBAR (form 114) FinCEN Form 114 must be filed online while keeping the following information relating to the declared accounts for six years following filing:
- The account numbers.
- The name on each account.
- The types of account.
- The name and address of the foreign institution(/s) where the accounts are held.
- The maximum value of each account during the relevant tax year.
If you haven’t filed because you didn’t know that you had to, then come at 1040Taxmates as here we have a team of experts in all matters relating to FBAR filing and the Streamlined Procedure. With clients in over 150 countries, 1040Taxmates is a leading tax services provider. If you have any questions regarding your tax situation, don’t hesitate to get in touch for some advice. We are ready to listen
Federal & State
Federal & State
Tax Planning is minimizing your tax liability by making the best use of all available deductions, allowances, rebates, thresholds, etc as permitted by income tax laws, rules stipulated by the government of a country.
Tax planning is a process of analyzing one’s financial situation logically with a view to reducing tax liability. Tax planning involves planning your income in a legal manner so to avail various exemptions and deductions
Report of Foreign Bank and Financial Accounts, that must be filed with the Financial Crimes Enforcement Network (FinCEN), which is a bureau of the Treasury Departmen
The FBAR filing requirement is not part of filing a tax return. The FBAR Form 114 is filed separately.
Extension Filing
Extension Filing
Tax Extension Filing | Estimate Tax Return | My Tax Refund
You are not ready with tax filing by due date? Then first you need to file an extension with the IRS to avoid any (late payment) [We cannot avoid late payment penalties by filing an extension] or late-filing penalties. Tax Extension Filing with experts like 1040Taxmates will allow you to push your deadline (back) forward six months. We are experts in filing tax extensions for Federal and States both for personal and business tax returns.
If you fail to file either a tax extension or tax return by the appropriate filing deadline, don’t worry!! Being a professional tax preparer, we help you to figure out your tax situation and advise you on IRS installment arrangements. Beside this, we also assits in Estimate Tax Return so that you can get more out of your money.
A tax filing extension can also be useful for those who do not have necessary documentation available to complete their tax return. If you feel you may need this extension, let 1040Taxmates help you get it. In case if you are expecting my tax refund, you do not have to file for an extension. With our experts, you have three more years from the tax deadline to submit your tax return and claim money.
Amendment
Amendment
An amended return is a return filed in order to make corrections to a tax return from a previous year. An amended return can be used to correct errors and claim a more advantageous tax filing. For example, one might choose to file an amended return in instances of misreported earnings or tax credits. Change in filing status, change in the number of claimed dependents, incorrectly claimed tax credits and deductions, incorrectly reported income, are reasons individuals file an amended return. The drawback of filing an amended return is that the document has to be mailed to the IRS Service Center that processed the original tax form and can take up to 16 weeks to be processed.
Tax Representation
Tax Representation
If you have a tax problem, a notice from the IRS, or are under audit, you may want a tax expert to represent you before the IRS. 1040Taxmates LLC will be providing Free tax representation services for Individual or Business Entity who receives any audit notice from the IRS with regards to the previously filed tax returns. The taxpayer can write a Power of Attorney, Form 2848, appointing our Enrolled Agents to represent the case before the IRS, this Power of Attorney will authorize us to act on behalf of taxpayers in the tax matters only.
Refer
Refer