Tax Return Preparation

Tax Return Preparation with Navigate CPAs

Navigating the complexities of tax return preparation can be a daunting task. With ever-evolving tax laws and regulations, having a knowledgeable partner can make all the difference. The professionals at Navigate CPAs are here to offer invaluable insights to ensure your tax filings are accurate and optimized for potential savings.

If you need help preparing your federal or state tax return, submit a contact request or call us directly at (301) 485-6557.

Types of Tax Returns We Prepare

Our accountants are skilled professionals who handle a variety of tax returns, tailored to the specific needs of each client. From individual income tax returns to complex estate filings, our team has the knowledge and experience to ensure accurate reporting and maximize potential tax benefits.

• Individual Tax Returns: These are the most common type of tax return, covering the income and expenses of individuals. We will prepare the federal 1040 as well as any applicable state tax returns.
• Self-Employment Tax Returns: We ensure that any activity from sole proprietorships, single-member LLCs, contractor work, side jobs, etc. is properly reported on your personal tax return with deductions maximized. 
• Fiduciary Income Tax Returns: An area that most CPAs tend to avoid, we are experts in deciphering wills and trust documents to navigate you through the complex filing requirements for estates, trusts and their beneficiaries. 
• Estate Tax Returns: We have the knowledge to understand that each estate is unique and requires a tailored, individualized approach. We will work with you to ensure that any and all tax filings for your estate are taken care of, even if you don’t know where to begin. We handle an estate’s filings for income tax, estate tax, inheritance tax, GST tax, transfer tax, and more. 
• Gift Tax Returns: While many accountants may attempt to prepare gift tax returns, there are numerous intricacies that are often not handled properly. Don’t let a non-expert subject you to the risks of misfiling. Find peace of mind with Navigate CPAs.
• Back Tax Returns: Late on filings? You are not alone. We have helped countless taxpayers come back into compliance with the filing of past-due returns, and it is easier than you may think. Whether you are one or several years behind, let us help you catch up and stay current going forward.

Handling Tax and Compliance Issues

Tax issues can be complex and stressful, but a skilled CPA can provide valuable guidance and expertise. From IRS support to investment scam solutions, our team will help you navigate these challenges effectively.

• IRS Support: If you receive a notice or other correspondence from the IRS or a state agency, we can represent you, help clarify discrepancies and resolve issues.
• Investment Scam Solutions: If you've been the victim of an investment scam, your tax return may actually provide a means to get you back on your feet. The theft loss deduction has provided meaningful relief for many of our eligible clients. Let us help determine if you qualify.
• Back Tax Returns: If you have unfiled tax returns, we can help you gather the necessary information, calculate whether you have balances due or are owed refunds, and communicate with the IRS on your behalf.
• RMD Compliance: For individuals or beneficiaries with retirement accounts, we can assist with the often confusing Required Minimum Distribution (RMD) requirements.
• State and Federal Compliance: Our goal is to ensure compliance with both state and federal tax regulations, minimizing the risk of audits and penalties.
• Law Changes: It can be nearly impossible to keep up with changes in tax legislation. We are here to help you plan for and abide by the evolving complexities of the tax code.

Contact Navigate CPAs for your Tax Return Preparation Needs

Our team of approachable professionals is dedicated to providing high-quality tax filing services, tailored to your unique needs. We'll help you navigate complexities, maximize deductions, and ensure compliance with federal and state tax laws. Regardless of your particular circumstances, we're here to assist you.

Call us for more information or to schedule a consultation at (301) 485-6557.