Tax Preparing and planning for taxes is often a stressful and complicated process for most people. We make that process as easy as possible for you and your family. Whether you need current-year or past tax preparation services or need to plan for retirement or your child’s education, our professional team can assist you with your needs. We offer Virtual Tax Preparation Services in Denver to all clients. For new clients, we review your prior year's tax return for tax opportunities at no charge. Our Tax Professionals are Enrolled Agents. Enrolled agent status is the highest credential the IRS awards. Individuals with this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years.
We take a proactive approach to helping our clients. We are committed to providing the best results, we listen, and we enjoy problem-solving.
Did you know that an average American works for 4 months out of a total of 12 months just to pay taxes to the government? This is shocking, but true. The more you work hard, the more your pay increases and consequently, more taxes are levied because the U.S. imposes a progressive income tax system where rates increase with income. You work harder just to pay the government harder. But, not anymore! V-Tax offers best-in-industry individual tax preparation services at the convenience of your home. V-Tax Services is a group of tax advisors offering all kinds of individual tax preparation services along with planning and filing of returns. We help you minimize your tax liability effectively through our tax preparation services.
We, at V-Tax Services understand that you, as individual, face various challenges when it comes to taxes. Though tax is already deducted by employer on salary, however, finalization and filing of return can still be tedious, especially, when the constant fear of notices from IRS is lingering over. Thus, V-Tax Services provides wholesome tax preparation services under one roof because we understand your needs. Our tax preparation services are available throughout the year. You just need to call us and we will schedule a one-to-one consultation with our tax advisors. We have always believed in providing hassle-free tax preparation services to all our individual clients and thus, all our tax advisors always go one step ahead to deliver best-in-class individual tax preparation services to you.
Types of Taxes Applicable on Individuals
Social Security Contributions
For salaried people, half of the social security taxes are contributed by their employers while rest are borne by employees themselves only. The current tax rate for social security is 12.4% which is equally borne by employer and employee. It is levied to provide for benefits to elderly and disabled workers. While nothing much is required in this regard, V-Tax helps you in fulfilling Social Security tax requirements under its tax preparation services in colorado.
Capital Gain
It is levied on any gain through selling of any long-term asset which can be real estate or even shares of the company. Generally, capital gain tax rates are less than tax rates on normal income, however, their determination is little complex.
Under our tax preparation services, V- Tax Advisors help you in calculating your capital gain liability and even advices you how to save them. Our best tax preparation services cover all matters relating to these types of taxes, so you need not worry.
It is levied on any gain through selling of any long-term asset which can be real estate or even shares of the company. Generally, capital gain tax rates are less than tax rates on normal income, however, their determination is little complex.
Under our tax preparation services, V- Tax Advisors help you in calculating your capital gain liability and even advices you how to save them. Our best tax preparation services cover all matters relating to these types of taxes, so you need not worry.
Inheritance Tax
This tax is imposed at the time of death of an individual on the fair market value of the assets of such individual when such assets are transferred as inheritance to their heirs. Individuals who are not US citizens are subject to this tax only if asset is located in the US.
At V-tax, our tax advisors help you with the whole inheritance process. Through our individual tax preparation services near me, we make sure the process of inheritance is smooth and problem-free. We cover return filing also for this type of tax under our nearby tax preparation services.
Property Taxes
These taxes are generally imposed at State level on owners of both commercial and residential properties. These are based upon the value of the property and tax rates depend on state jurisdiction. A few states impose intangible property taxes on investment assets. We cover this type of tax as well in our individual tax preparation services.
Property Taxes
These taxes are generally imposed at State level on owners of both commercial and residential properties. These are based upon the value of the property and tax rates depend on state jurisdiction. A few states impose intangible property taxes on investment assets. We cover this type of tax as well in our individual tax preparation services.
Luxury and Excise taxes
These taxes are generally imposed at State level on owners of both commercial and residential properties. These are based upon the value of the property and tax rates depend on state jurisdiction. A few states impose intangible property taxes on investment assets. We cover this type of tax as well in our individual tax preparation services.
Types of Filers
We provide our individual tax preparation services to all types of filers, whether it be:
Students
Seniors & Retirees
Parents
Gig Economy Workers
Military
Employees
Types of Deductions for Individuals
One of the most important component of tax preparation services is to analyse tax deductions as they alter the amount of income liable to taxes, thus, changing the tax liability. Therefore, it is extremely important to have extensive knowledge of the tax deductions as it can drastically reduce your tax liability. Through our tax preparation services, we ensure to make tax deductions work for you. Following kind of deductions are generally available to an individual:
Work Related
Healthcare
Itemized deductions
Investment related
Education related