Individual Tax Services

Individual tax services for your unique needs

In today’s ever-changing and complex regulatory environment, tax preparation and planning for high-net-worth individuals requires customized planning and in-depth knowledge. We work hand-in-hand with you to develop innovative tax strategies to help reduce your tax liability, while keeping you compliant with tax codes. As trusted advisors to many high-net-worth individuals, global families, and international investors, we have the experience and knowledge to help you grow your investments, preserve your assets, and minimize your taxes.

Effective tax planning and tax preparation services for high-net-worth individuals and global families

Trusted Advisors

Our Trusted Tax Advisors will go above and beyond your expectations.

 

Bilingual Advisors

No language barriers. Always ready to listen to your needs.

 

Peace of Mind

You will feel safe, protected and in control.

Who are our Individual Tax Services for?

Our individual 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 with significant assets
• 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

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Why H&CO Individual Tax Services?

Our bilingual trusted Tax Advisors have been preparing individual tax returns and information returns for high-net-worth individuals with significant assets, business owners, investors, global families, and foreign individuals with complex tax needs, for over 30 years.

We offer a full range of individual tax services that include tax planning, accounting, tax preparation, estate and trust planning, succession planning and IRS audit representation.

We're the complete tax service solution

Our Individual Tax Services:

When it comes to individual taxes, there’s more to consider than simply preparing and paying your taxes. We provide comprehensive tax services by trusted bilingual advisors, so you can rest assured that your taxes are in good hands.

1. US Individual Tax Planning
2. Individual Tax Accounting
3. US Individual Tax Preparation
4. International Tax Planning and Compliance for Individuals
5. Multi-Generational Wealth Transfer Services
6. Estate Tax Planning and Compliance
7. Gift Tax Planning and Compliance
8. Charitable Tax Planning
9. Family Office Tax Services
10. Real Estate Tax Planning and Compliance
11. Succession/transition planning
12. Individual IRS Audit Representation

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Enjoy your success, we take care of your taxes

"The hardest thing in the world to understand is the income tax."

-Albert Einstein           

Individual
Tax Planning

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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.

 

Individual
Tax Preparation

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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 taxes than what is required by the law. We take the stress out of tax preparation.

 

IRS Audit
Representation

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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 IRS representation saves you time, stress, headaches, and money.

 

Providing quality tax services for over 30 years

US Individual Tax Planning

The individual tax planning services we offer can help reduce your tax liability and keep you compliant with all applicable laws. Our team of professionals will work with you to create a personalized plan tailored to your unique situation and goals. We take into account all the provisions of the tax code to give you the best possible advice for reducing your taxes. Our services are available year-round, so you can always be sure that your taxes are being handled in the most efficient way possible. We work with individuals and global families, as well as business owners, offering customized tax plans to fit their unique situations. We'll help you take advantage of all available tax breaks and make sure that your taxes are being handled in the most efficient way possible.

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Individual Tax Accounting

Our individual tax services go beyond the mere preparation of an income tax return. We support high-net-worth individuals and global families with their tax accounting. We go beyond basic bookkeeping by working year around your financial affairs. You can outsource to H&CO any tax accounting activities such as transaction processing, investment reporting and financial preparation, freeing up the time of your in-house accounting resource so you focus on what you do best. From managing daily operations to budgetary considerations, there’s so much we can help you with. Our tax accounting services save you valuable time on data entry, invoicing, bill payments, and others, freeing you to grow your assets. 

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US Individual Tax Preparation

If you are a US taxpayer, it is important to prepare and file your income taxes every year. You don't want to miss a tax deadline because of the tax consequences. High-net-worth individuals and families with complicated tax situations can benefit from hiring a tax professional. You should not trust your tax services to seasonal accountants. We work with our clients all year round. For example, if you own real estate properties and have lots of different properties, it may be worth paying someone year around who can help you navigate your tax compliance by maximizing your tax deductions throughout the year. Let a dedicated tax expert prepare your federal and state returns. We prepare over 12,000 complex income tax returns every year.

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International Tax Planning and Compliance for Individuals

Managing personal tax effectively and staying up-to-date on the latest tax rules can be a challenge, especially if you have assets in various countries. Our non-US individual tax planning and compliance services are designed to help you meet your US tax obligations, while minimizing your tax liability. We can help you with all aspects of your US tax compliance, including filing your US tax return, reporting your US source income, structuring your investments to minimize estate taxes, and claiming foreign tax credits. Our international tax professionals provide meaningful advice on cross-border tax matters to help reduce or limit the impact of taxes on global family assets.

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Estate Tax Planning and Compliance

Our estate tax planning for high-net-worth individuals is not a once-in-a-lifetime activity. It is an ongoing involvement with your family to ensure that your goals are being met and that your estate plan is up-to-date with the ever-changing laws. At H&CO, we understand the importance of meeting your goals and we will work with you to create a plan that is tailored specifically to your needs. We will work with you to identify and clarify your goals and aspirations, recommend unique strategies, implement the plan and monitor the plan,   while taking into consideration tax changes as well as new family needs. We can help you with all aspects of the estate planning and estate tax return preparation.

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Gift Tax Planning and Compliance

Our comprehensive estate tax planning includes gifting to help you minimize the taxes payable on gifts made during your lifetime. We can help you with all aspects of gift planning, including gifting strategies, gift monitoring, and compliance. We help you reduce your estate tax liability by taking advantage of the annual gifting exclusion and qualify for free transfers,  as well as lifetime gifting exclusion. You are allowed to gift a certain amount of money to as many people as you want without paying taxes. If you miss your annual gift exclusion amount, you will lose out on the opportunity to reduce your estate tax liability. You should also take advantage of the qualified transfer gift exclusions for tuition and medical expenses. In addition, we will put a strategy in place for the lifetime exclusion amount. Without proper gift planning, you may lose over 40% of your wealth at death.

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Charitable Tax Planning

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 tax planning. We will assist you to determine the best timing for gifts, and the best assets to donate.

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Family Office Tax Services

Family offices are established to take control over the family wealth and to serve the needs of multiple generations. Family offices partner with knowledgeable tax professionals to ensure that they minimize the family tax liability, while keeping them compliant with the tax codes. We help family offices with the design and implementation of the office. In addition, we help the family office with the preparation of income tax returns, trust and estate tax returns, gift tax returns, entity restructuring, investment tax planning, estimated tax payments, direct deposit, monitoring of private companies, electronically filing returns and IRS representation. Since every family has its own requirements, we work with each family office in different capacities.

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Real Estate Tax Planning and Compliance

H&CO provides a range of real estate tax services for real estate investors, real estate funds, developers, property operators and realtors. Our services include real estate acquisitions and disposition assistance, due diligence and feasibility analysis, depreciation and recapture, tax-free transactions, cost segregation, international real estate tax planning and structuring, real estate accounting, and tax return preparation. We also help real estate investors with the disposition of properties, including 1031 exchanges and other tax-deferred exchange transactions. We work with thousands of real estate investors and we, the partners at H&CO, also invest in real estate. By working with us, you will have access to a broad range of real estate expertise.

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Investment Tax Planning and Compliance

The importance of investment tax planning cannot be overstated. The taxes that are paid on your portfolio lower the return on your investment. Making tax-efficiency part of your investing strategy would lower your tax bill. With proactive investment planning, you can make your portfolio more tax-efficient and save money. As part of our tax services, our tax advisors would regularly analyze your investment portfolio to enhance your investment tax strategy. We can help you create a tax-efficient investment strategy that meets the needs and goals of your family. With constant changes in the tax laws, it is essential to have a team of experts by your side to take advantage of all investment tax breaks.

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Succession/Transition Tax Planning

Succession planning is a long-term strategic plan that helps ensure a smooth transition of management and ownership, while taking the needs of the business and its owners into account. When a business transfers to new owners, taxes can have a significant impact on the after-tax value of the business and its successors. By planning ahead, you can minimize the tax burden and maximize the value of your business. We help you plan for the future of your business by minimizing taxes on the sale or transfer of your business. This is a complex area, and our tax advisors will work with you to ensure a smooth transition with minimal tax implications.

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Individual IRS Audit Representation

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. We have years of experience dealing with the IRS and we can help you every step of the way.

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PERSONAL TAX QUESTIONS & ANSWERS

FROM OUR TAX ADVISORS

 

How do I know if I have to file a tax return?

The IRS has a set of rules and regulations that determine whether or not you are required to file a tax return. Generally, if you have income (from employment, self-employment, interest, dividends, etc.), then you are required to file a return. Even if you have no income, you may have to file a tax return to report foreign transactions and entity ownership. There are a few exceptions to these rules, so it's always best to check with a tax professional to be sure.

How can I reduce my tax bill?

There are many ways to reduce your tax bill, depending on your individual circumstances. Some common methods include taking advantage of deductions and credits, investing in tax-advantaged accounts, and carefully planning your overall tax strategy. Tax professionals can help you determine which tax strategies will work best for you, so you don't overpay your taxes.

Free Consultation

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international taxes?

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