We handle personal income taxes and corporate income taxes for Federal and every state. Regardless of where you are, we can utilize the Internet, facsimiles and courier services to promptly report various personal income taxes, prepaid taxes, deferred tax and amended tax returns.
Wing Lau, Certified Public Accountants provides consulting services for your company or firm, establishing efficient and accurate accounting systems, as well as handling complex business account transactions so that you are no longer plagued by cumbersome accounting and tax issues and can have more time and energy to focus on developing your business and market. Wing Lau, Certified Public Accountants is also proficient at helping clients set up companies; reorganizing and dissolving companies; and communicating and coordinating with the Internal Revenue Service (IRS) to properly conduct business arrangements and resolve arising business dilemmas.
The New 2024 Federal Income Tax Brackets & Tax Rates
Information Required For Personal Income Tax
The information required for reporting personal income tax is basically divided into four categories;
First, Personal Basic Information:
Marital status, social security number or tax number, date of birth, family address, occupation, telephone number, choice of married filing jointly or married filing separately; children's situation, whether the child lives with the parents; filing with parents jointly or separately?
Second, Income Information:
Wages, bonuses, commissions, tips, financial institutions and other financial institutions year-end settlement interest and dividends, stock trading orders, social security income, pensions, unemployment benefits, city government refunds, rental housing income; Limited Liability Company (LLC) , Small Corporation (S CORP), Partnership Company income tax form; lottery ticket , gambling income statement; various form of W-2, 1098, 1099, K-1.
Third, Expenditure Information:
Medical expenses, home loan interest and property tax bills, charitable donation receipts, accidental theft, proof of water fire damage, unreimbursed employee expense receipts (travel transportation, parking fees, work clothes receipts), other miscellaneous expenses (investment consultation, bank safe deposit box fee), tax return fees, proof of study fees, job fees, subscription fees for professional newspapers and magazines, purchase of IRA funds, repayment of student loan interest, relocation fees, proof of support payments under the divorce agreement.
Fourth, Tax Benefits Information:
Recruitment fees for child care under 13 years old, receipts for tuition and fees for students, fees for claiming children, etc.
*Need to provide a check at that time to facilitate the automatic refund or transfer of taxes and refunds.
2024 Federal Income Tax Rates
