Your Trusted Partner for Individual Income Tax Services in the Bronx & Nearby
NYC, Bronx Individual Income Tax Services – In-Person & Online – Serving the U.S.
Individual Income Tax Preparation Services in & Near Bronx, NY and NYC | Stress-Free Filing with SCL
The U.S. tax system is a complex one, and navigating it can prove to be stressful for many people. Even if you are an experienced tax filer, individual tax preparation and filing isn’t going to be easy. You really need to have a sound knowledge of how the tax system works and stay up-to-date.
Income tax preparation and filing isn’t tough for only those individuals whose financial situation is intricate and elaborate. People with a simple financial situation, too, can find the task challenging. But that’s exactly what tax preparers and tax advisors are for. Around a third of all tax filers use a tax preparation service to file their tax returns – and reduce their tax bill as a result. At SCL Tax Services In & Near Bronx, NY, we offer you expert tax preparation help for all your individual tax filing needs. We can be the partner you have always looked for to better prepare and take the pressure of tax preparation and tax filing off your shoulders – so you can focus on your business.
Testimonials
Omayra Baquero
“I am very pleased with the service to have my taxes done by Stephanie. It’s my 2nd year and it’s been a pleasure and very quick. I will continue to have my taxes done at SCL Taxes by Stephanie. Great customer service, always sending referrals.”
Read More >Your Trusted Local Tax Individual Income Tax Services Based in Bronx, NY
Individual Income Tax Services in & Near Bronx, NY and NYC | Accurate Filing with SCL Experts
As individual tax filing deadlines approach, many important questions come to mind, such as:
- What is my income tax bracket?
- What are the latest rules and guidelines for individual tax filing?
- Can I do it on my own, or do I need the help of a tax preparation service?
- What documents do I need to provide?
- Should I file my individual income taxes electronically?
- What types of tax deductions am I eligible for?
- For how many years should I keep my tax records?
There are many more questions like these. While you may think that you can do your taxes on your own, the devil always hides in the details. The entire process of doing the individual income taxes is a long one, and it consists of multiple steps. It is easy to make mistakes here and there, and this can lead to a high tax bill. Therefore, the best advice is to use the expert help of an Individual Income Taxes service.
Individual Income Tax Services – What are Individual Income Taxes?
Individual income tax is a type of tax that an individual needs to pay to the government of their country on the income they earn. The income tax laws mandate that taxpayers file an income tax return every year. As a concerned citizen of a country, you are obliged to pay your income taxes anytime and help the government with a key source of revenue to fund a variety of public welfare schemes. In a progressive income tax system, high-income earners pay a higher tax rate in comparison to those who earn a low income. Individual income tax is also referred to as personal income tax, and it is imposed on an individual’s earnings, which include wages, salaries, and various other sources of income.
In the United States, the income tax was introduced in 1862. The Internal Revenue Service (IRS) is the government agency that operates and manages the revenue service of the United States federal government. The Commissioner of Internal Revenue, appointed by the President of the United States, functions as the head of this agency.
The IRS offers a range of tax benefits to help taxpayers reduce their taxable income and save more. Deductions enable you to reduce your taxable income and tax rate, whereas tax credits are available to bring down the tax bill. There are several tax deductions that you may qualify for.
Individual Income Tax Services – Income Tax Planning is Important!
Taxes are an important part of our lives. People like to pay taxes as responsible citizens of the nation. Tax preparation at the end of the year, however, is only half of the equation. It is tax planning is more important.
If tax planning is properly done, it is possible to reduce the otherwise high tax bills and save more. There are several ways that can be used to pay less in taxes and get a larger refund at the end of the year. This is an essential part of the overall financial plan that you create for yourself. The more money you can save, the better retirement you can expect to have. By getting in touch with SCL Tax Services In & Near Bronx, NY, you can avail yourself of all the expert knowledge and guidance you need to effectively plan your individual taxes and save hundreds of thousands of dollars as a result. Our tax preparers use a wide range of strategies to maximize tax savings.
Our tax professionals will first review your financial situation and then devise a tax planning strategy that works best for you. Effective individual tax planning can lead to both short-term and long-term benefits.
Not dealing with your individual taxes in a proper way can have serious implications for your big financial decision. The tax laws surrounding individual tax filing can become a pain if you are uninformed. When filing your income tax returns, you need to stay on top of all the legislative developments over the recent past. Also, you need to understand if you should go for standard deduction or custom deduction. This decision depends on your unique financial situation. Proper tax planning can be the answer to all these tax filing issues. By choosing SCL Tax Services as your individual income tax preparation partner, you can get your tax planning done strategically, improve your financial life, and save additional money along the way.
Individual Income Tax Services – We are Enrolled Agents
According to a survey conducted by NerdWallet, 80% of people who use tax preparation services never wanted to find out the credentials of the tax preparer. Actually, they should ask about it. When choosing a tax firm, you should really know whether they have the credentials to prepare your taxes.
It’s not just about the PTIN number of the tax preparer. Most tax preparers can get this number because it is relatively easy to get. The tax preparation service you use should have a CPA or Enrolled Agent designation. The designation of Enrolled Agent is granted by the IRS, and it’s the highest award for a tax preparer to have. There are two ways to earn this award. One, the tax preparer either has to clear a rigorous test or acquire it through their experience of working with the IRS. Enrolled Agents don’t just pass an in-depth test, but they need to complete 72 hours of continuing education at the interval of every three years to keep the credential, as well as strictly abide by a code of ethics in all of their business dealings.
With SCL Tax Services, our enrolled agents are experienced in individual tax services in & near Bronx, NY, as well as all aspects of tax law, and can provide representation for individuals or businesses in all circumstances.
Individual Income Tax Services We Offer In & Near Bronx, NY
Income tax situations vary from one individual to another. Our tax firm remains equipped with in-depth tax preparation knowledge and a wide expertise of how to deal with unique financial situations. Our income tax preparers and advisors in & Near Bronx, NY, are always ready to educate you on any issues you may have, including individual income tax rates, income tax return filing, gross income, taxable income, etc. We are your perfect partner to get your income tax preparation done effectively. Our range of tax services includes:
Amendments (Prior Year Returns):
After an individual income tax return has been filed, it may need corrections. The revisions that are made to the originally filed return are known as amendments. The taxation laws have provisions in place, which allow correcting the mistakes in filed returns. At SCL, we offer to review your last three years of filed individual income tax returns – at no charge at all. This allows us to detect an array of errors and find any extra deductions or unclaimed credits. This is a service aimed at helping our new clients. Our enrolled agents file these amendments regularly to claim missed deductions and tax credits, which translates to getting additional refunds. Don’t miss this Free tax service!
Tax ID Numbers:
ITIN (Individual Tax Identification Number) is for those who do not qualify for a Social Security Number. If you need an ITIN, we will walk you through the entire process of acquiring it. You’ll need to furnish a valid, original passport as the identifying document for this purpose. Since we are Certifying Acceptance Agents, you don’t have to worry about getting your documents certified elsewhere. This will be done right in our office.
Back Taxes and Unfiled Income Tax Returns:
Sometimes, troubling life events can put you in a tough spot, and you might miss the deadline to file your individual income tax returns. Misplaced documents can further add to your worry, making you afraid of filing your unfiled tax returns. If this is a situation you have landed in, SCL Tax Services will solve this issue for you.
Wage and Income Transcripts:
State Income Tax Filings:
You’ll need to file your income taxes at the state level if you are required to file a federal income tax return. There are a handful of states where this tax filing isn’t required. These states include Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. If you are living in New Hampshire or Tennessee, your income tax will need to be paid on dividends and income from investments. Whatever is required, we’ll take care of it.
Past Year Resident and Non-Resident State Filings:
For individuals who have relocated to another state during the income tax filing period or are employed in a non-resident state, multiple tax returns may need to be filed. If you are caught up in a situation like this, don’t get worried. We’ll review your situation and do the needful to take care of your specific tax filing needs.
FBAR Filing:
As per income tax laws, FBAR (Foreign Bank Account Reporting) filing is required for those who have a bank account or a trust in a foreign country with an aggregate value of $10,000 or more at any time during the tax filing season. Though this is not a taxable item, non-filing of this is a violation of tax laws. If you need an FBAR filing, we will get it done.
Income taxes are rarely steady. There is a wide range of common life events that can impact your income tax bills. They can either increase or decrease your taxes. During income tax filings, you need to keep a record of how your life circumstances changed over the last 12 months.
Here’s a list of some common life events:
State Income Tax Filings:
- Receiving Bonuses
- Change of Employer or Profession
- Collecting Unemployment or Social Security Disability
- Buying/Selling a Home
- Opening a Business and Becoming an Independent Contractor
- Getting Married or Divorced
- Starting a Family
- Going to School
- Retiring and Withdrawals from a Retirement Fund
- Buying/Selling Investments and Investment Property
- Winning the Lottery and Prizes
- Giving and Receiving Gifts
- Inheritances
- Estate Planning
- Casualty and Loss Deductions
FAQ About Individual Income Tax Services
Not just tax experts — a trusted team serving Bronx, NY, with clarity and compassion.
Read More >How do individual income tax services handle New York residency and non-residency issues?
Tax services in NYC or Bronx, NY, check if you live in New York all year or part of the year. Tax professionals in your location can tell you if you should file as a resident, non-resident, or part-year resident.
Can individual income tax services help with income from investments, cryptocurrency, or foreign assets?
Yes. Tax individual income tax services in NYC or Bronx, NY can help with money from stocks, crypto, or foreign accounts. Tax professionals in your location can make sure you report all income correctly.
What is the average cost for individual income tax services in New York?
The average cost is about $200–$250 for a normal tax return. Complex taxes cost more. Tax professionals in your location or a tax office in NYC or Bronx, NY can give a clear price.
How can individual income tax services help maximize deductions for New York taxpayers?
Tax services in NYC or Bronx, NY, check all possible deductions. Tax professionals in your location can help with mortgage, medical, and other deductions. A tax office in NYC or Bronx, NY, will make sure you pay less tax legally.
What is the process for using an individual income tax service in New York?
Bring your documents (W-2, 1099).
Go to a tax office in NYC or the Bronx, NY, or contact tax professionals in your location.
They check your documents.
You review and sign the return.
They send it to New York State and City.
Can an individual income tax service help with tax notices or audits in New York?
Yes. Individual income tax services in NYC or the Bronx, NY, can read notices and explain them. Tax professionals in your location can talk to the IRS or New York State for you.