"The hardest thing in the world to understand is the income tax."
"The hardest thing in the world to understand is the income tax."
We work with you one-on-one to develop a tax plan for your unique tax situations. You will receive clear and concise advice on actions you can take now – and in the future – to minimize your taxes. Working with our trusted Tax Advisors ensures maximum tax efficiency.
We have the experience and knowledge to prepare your taxes quickly, accurately, and efficiently. Our Trusted Tax Advisors will ensure that you don't pay more federal taxes and state taxes than what is required by the law. We take the stress out of tax preparation.
Taxpayers have the right to retain an authorized representative of their choice to represent them in their dealings with the IRS. Without proper tax audit representation, you can get in trouble with the government. Our free IRS representation saves you time, stress, headaches, fees and money.
Our bilingual trusted Tax Advisors have been preparing federal income tax returns and state tax returns for high-net-worth individuals, business owners, real estate investors, family offices, and international investors with complex tax needs, for over 30 years.
Our individual income tax services are perfect for high-net-worth individuals and global families who want to reduce their tax liability and protect their wealth. Our services go beyond the mere preparation of an income tax return. They are ideal for taxpayers with complex tax needs like:
• High-net-worth individuals
• Business owners and executives
• Global families
• US real estate investors
• Foreign real estate investors
• Global executives
• Technology founders
• People in the entertainment industry
• Professional athletes
• Individuals with complex tax needs
Our Trusted Tax Advisors will go above and beyond your expectations.
No language barriers. Always ready to listen to your needs.
When it comes to tax preparation services, there’s more to consider than simply preparing, paying and filing your taxes online. We provide comprehensive tax services from income tax preparation, to IRS representation by experienced tax professionals, so you can rest assured that your federal tax return and state tax return are in good hands guaranteed.
1. Income tax planning
2. High net worth individual accounting services
3. Income tax preparation, Form 1040, Form 1040-NR
4. International Tax Planning and International Tax Preparation
5. Estate Tax Planning and Tax Compliance
6. Gift Tax Planning and Tax Filing
7. Charitable Tax Planning and Tax Compliance
8. Family Office and Tax Preparation
9. Real Estate Tax Planning and Real Estate Tax Preparation
10. IRS Tax Audit Representation Services
Our income tax planning services are available year-round, so you can always be confident that your taxes are being handled in the most efficient way possible. Income tax planning is a process that helps you reduce your tax liability by taking advantage of tax deductions and tax credits, while timing income and expenses. It is an essential part of any financial plan for individuals, global families, real estate investors and business owners. Income tax planning might seem complicated and overwhelming, but our Tax Experts would guide you through the process, so you minimize your taxes and preserve your wealth. We've written an article on income tax planning that provides valuable insights and tips for reducing your tax liability.
Our accounting and tax services go beyond the mere preparation of an income tax return. Our tax professionals and accountants will work year-round on your financial affairs. By outsourcing accounting activities such as transaction processing, investment reporting, financial preparation and personal tax preparation to H&CO, you can free up time to concentrate on your business and your investments. From managing daily operations to budgetary considerations, there’s so much we can help you with. Our accounting and tax services allows you to get year-round tax help, from our team of experienced tax professionals who will work closely with you to develop personalized tax strategies that minimize tax liability, preserve wealth, and achieve your long-term financial goals.
Our experienced team of tax professionals and tax preparers are committed to staying up-to-date on the latest tax laws and regulations to ensure that our clients receive the most accurate and timely advice possible. Our CPAs are experienced in federal taxes and state taxes, ensuring that you claim all the tax deductions and all tax credits that you are eligible for, minimizing your taxes or maximizing your tax refunds. Investors and families with complicated tax situations can benefit from hiring our tax professionals. We understand that every individual's tax situation is unique, and we'll work with you to tailor our services to meet your specific needs. Don't let tax season stress you out any longer and let a dedicated team of tax expert CPAs prepare your income tax returns.
We understand that managing personal tax effectively and staying current with the latest federal tax rules can be difficult, particularly if you have operations and income in multiple countries. Our International Tax Planning and International Tax Preparation services for non-US individuals are designed to assist you in fulfilling your US tax obligations while reducing your tax liability. We offer comprehensive US tax compliance support, including filing your US tax returns, reporting your US source income, structuring your assets to minimize estate taxes, and claiming foreign tax credits to minimize your taxes. Our team of international tax professionals provides valuable insights on cross-border tax matters, helping you mitigate the impact of taxes on global investment activities.
We believe that estate tax planning is not a one-time event, but rather a continual process that involves ongoing communication with your family. Our Estate Tax Planning and Estate Tax Preparation services are designed to provide comprehensive support to ensure that your estate plan is up-to-date with the ever-changing tax laws and that your goals are being met. Our team of experienced estate tax advisors will work closely with you to identify your goals and aspirations, recommend tailored estate tax strategies, implement the plan, and monitor it over time. At H&CO, we are committed to providing personalized estate tax planning services that align with your unique needs and objectives.
Our Gift Tax Planning and Compliance services are an essential part of our comprehensive gift and estate tax planning solutions. Our experienced team can assist you with all aspects of gift planning, including developing gifting strategies, monitoring gifts, and ensuring compliance with gift tax regulations. By taking advantage of the annual gifting exclusion and the lifetime gift and estate tax exemption, we help you reduce your estate tax liability. Without proper gift planning, you may lose over 40% of your wealth at death. That's why we provide strategies to help you minimize your gift tax liability while complying with the relevant tax laws and regulations. With our guidance, you can protect your wealth and ensure that your legacy is passed on to future generations.
Giving to charities not only reduces your overall tax burden, but also makes a positive philanthropic impact. At H&CO, we provide expert services for affluent families. This includes charitable tax planning, which can provide several benefits for those looking to give back to their community. We will prepare a detailed charitable plan, taking into consideration all tax aspects of charitable giving, including the most recent legislative changes. We can help you develop an overall charitable giving plan that integrates with your estate planning and income tax planning. We will assist you to determine the best timing for gifts, and the best assets to donate.
Family offices play a crucial role in managing and preserving family wealth across multiple generations. At H&CO, we understand the importance of having knowledgeable tax professionals as family office partners to ensure that the family tax liability is minimized and that compliance with tax codes is maintained. Our Family Office Tax Services are designed to provide comprehensive support for the design and implementation of family offices. We also offer assistance with income tax returns, trust and estate tax returns, gift tax returns, entity restructuring, electronically filing returns, and IRS representation. As each family has unique needs, we work closely with each family office in various capacities to ensure that they receive personalized and tailored tax services.
At H&CO, we offer a range of specialized real estate tax services to meet the needs of real estate investors, developers, funds, operators, and realtors. Our comprehensive Real Estate Tax Planning and Real Estate Tax Preparation services include assistance with real estate acquisitions and dispositions, due diligence and feasibility analysis, depreciation and recapture, tax-free transactions, cost segregation, international real estate tax planning and structuring, real estate accounting, and real estate tax return preparation. We also provide guidance on property disposition, including 1031 exchanges and other tax-deferred exchange transactions. We not only work with thousands of real estate investors from all over the world but we also invest in real estate ourselves.
An IRS audit is a review/examination of an individual's income tax return to ensure the completeness of the income tax return in accordance with the tax laws. The main goals of an IRS audit are to find additional revenue for the government and to ensure compliance. The IRS manages audits either by mail or through an in-person interview to review your records. Taxpayers have the right to retain an authorized representative of their choice to represent them in their dealings with the IRS. You should be represented by an experienced Certified Public Accountant (CPA) or a Tax Attorney. Without proper tax audit representation, you may get in trouble with the government. H&CO can represent you during the IRS tax audit process.
Understanding IRS rules and regulations for filing tax returns is crucial. In general, anyone with income from various sources such as employment, self-employment, interest, dividends, etc., must file a tax return. However, even if you have no income, you may still be required to file a federal tax return to report foreign transactions as well as entity ownership. Additionally, if you are receiving a tax refund, it's advisable to file a tax return, regardless of your income so you can get your tax refund. Don't lose your tax refund by not filing your income tax return. While there are some exceptions, it's always wise to consult a tax professional to ensure compliance
If you're wondering which documents you need to file your taxes, the answer depends on your unique situation. However, most taxpayers typically need the following documents: W-2 forms for wages and salaries, 1099 forms for payments received, 1098 forms for mortgage interest or student loan interest, bank and investment statements, receipts for charitable donations, and business expenses. Depending on your income and expenses, you may need additional forms or documents. To make the income tax process easier, our tax preparers have created a comprehensive Tax Preparation Checklist.
When it comes to preparing your taxes, you have three main options: hiring a tax preparer, using online tax software services, or doing it yourself. If your tax return is complex, it's best to hire a certified public accountant (CPA). You should be aware that no all tax preparers are CPAs. If you can't afford a CPA, you can opt for seasonal tax preparation services such as H&R Block, Jackson Hewitt, LibertyTax, and others. Another option is online tax preparation software services, which provide a structured process for completing tax forms. If you prefer the DIY route, there are numerous free online resources that offer step-by-step instructions on how to prepare your own taxes.
Reducing your tax bill can be done in many ways, depending on your unique circumstances. You can take advantage of tax deductions such as medical, mortgage interest, real estate taxes, and other tax deductions. You can also take advantage of credits like the earned income tax credit, child tax credit, dependent tax credit, and other tax credits. Contributing to a retirement plan like 401(k) plans, traditional IRAs, Roth IRAs, defined benefit plans, and other similar plans can also help to reduce your federal taxes and state taxes. Additionally, carefully planning your overall tax strategy is essential. Tax planning is the key to lowering your tax bill.