Individual Taxation

Individual Taxation

After years of serving clients in some of the largest metropolitan areas, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity.

Some common areas that we handle on a daily basis:

  • Self-employment/contractor/freelancer income
  • Rental property
  • Sale of Home
  • Equity Compensation. For example, RSU, ESPP, ISO, NSO, etc.
  • Multi-state allocation
  • Company IPO, merger & acquisition
  • Crypto currency
  • Foreign Income Exclusion & Foreign Tax Credit
  • Foreign asset disclosure, foreign gift disclosure, etc.

Our individual tax services provide fast and accurate results. For individual with side business, we can discuss methods to structure your side-business or self-employment that is most beneficial to you. This includes helping you determine what you should be paying for quarterly estimated taxes on your sole proprietorship. For individuals with Equity Compensation. We can discuss how to exercise or sell your stocks/options to optimize your finance.

Past-Due Tax Returns
We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your W2s, 1099s, or other business and personal records due to the passage of time, our team will assist in sorting out your records. There are several methods of obtaining past information from the IRS, such as forms requesting information from prior W2s and 1099s submitted by your employers and account transcripts detailing balances to the IRS. The process is simpler than one would expect and our team will guide you through obtaining the necessary materials to straighten out and file your prior-year taxes without missing details that may lower your tax obligation.

Past-due returns incur (at least) two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. We can help estimate potential failure to file and failure to pay penalties that are incurred by clients who have failed to file past years’ returns and can help in getting those returns filed properly.

AMACI offers tax preparation services in the Chicago area. We provide a fast and accurate experience. Give us a call to learn more about our individual tax services today.

Ready to get started?

Please fill out this form and someone will get back with you shortly. We are available in the evenings and on the weekends for your convenience.