Individual Income Tax Filing: Form 1040

Almost everyone must file an individual income tax return (Form 1040). At Tajuddin CPA, Our knowledgeable team of accountants  can help you to reduce your individual income tax liabilities by including all the legally allowed deductions and credits in your individual income tax return (Form 1040) based on your individual circumstances.

• Reporting medical expenses, gambling losses, Charitable contribution, qualified mortgage interest expenses to reduce tax liability.
• Reporting Investment income such Interest, dividends, etc. to reduce your Individual income tax income.
• Reporting of self- employment income and expenses properly to reduce your tax liability.
• Reporting of capital gain and loss.
• Reporting of rental real estate.
• Reporting of Like kind exchange to defer paying taxes on rental real estate.
• Reporting of farm income and expenses properly to reduce tax liability.
• Child tax credit, dependent care credit, education credit.
• IRA or Roth IRA contribution.