Draft tax return to make educated financial decisions
"Big ticket" life events such as moving abroad, job promotion, divorce, retirement or selling one's house will likely result in significant changes to your income — and will likely lead to large changes in your tax obligations.
The Catch-22 is that the IRS expects you to make estimated payments (due to higher income) this year, even though your return will only be prepared & filed the following year! This is where TFX can help.
The most common events that may trigger a large tax bill include:
Our Tax Projection service will help you determine how much money you have to set aside for future tax obligations in order to avoid getting caught off-guard by an unexpectedly high tax bill (and IRS penalties for underpayment of estimated taxes ).
The goal of this service is to help you understand future financial obligations and avoid potential tax penalties (that will certainly happen if you are not prepared). Tax Projection* deliverables include:
*This service requires a retainer, with credit remaining to finalize your return when you obtain final figures.
The tax projection is quantitative. If you would like to get advice on the moves you can make now that could minimize your anticipated tax bill you can schedule a Tax Planning Consultation which is a qualitative discussion on the phone.
At TFX, we have been preparing business tax returns for over 25 years. We never hire junior staff. No outsourcing, no middlemen: you’ll be working directly with an experienced (our average age is 42) CPA or EA who will handle your case from beginning to end.
Aside from knowledge, convenience and security are what we value at TFX. And these key features are what our clients are thrilled with. Our best-in-class secure online portal makes TFX the top-rated tax firm (with an average score of 4.8/5 on Trustpilot).
In addition to tax filing & compliance, TFX offers tax planning & phone consultations. Choose a convenient time & book directly in your client portal.