Here’s what YuvaTax can do for you:

• • Based on the information and documents you provide, our tax professionals enter the data on the numerous IRS forms
• • Tax return Preparation – Federal
• • Resident Returns – 1040EZ, 1040A, 1040
• • Non-Resident Returns – 1040NR, 1040NR-EZ
• • Amendment returns – 1040X
• • Amendment returns – 1040X

• Tax return Preparation – State, City & Local

Benefits of choosing YuvaTax:

• • All your data will pass through our quality assurance process, multiple reviews will be carried out on your tax return at various levels to ensure that it meets the standards set by the IRS.
• • We ensure that you don’t miss out the deductions and credits that you are eligible for.
• • Your tax return can be filed electronically so you get your quick refunds.
• • Non resident returns will be personally signed by our senior tax reviewer.
• • We file paper returns in an expedited fashion for better tracking and faster refund.
• • We offer you other value added services such as Fee Collect, Audit package for IRS Representation, Filing of Tax Identification (ITIN) forms, and much more.
• • All our clients can access our Professional Services desk at any time.
• • As a YuvaTax client, you are automatically subscribed to our Quality assurance program – the Challenge YuvaTaxprogram.

3.ITIN Preparation :-

The ITIN number is issued by the IRS to certain resident and non-resident individuals, who are required to have an identification number for tax purposes, but don’t have or are not eligible for a Social Security Number. And lucky for you, this is one of our many specializations.

Process:

• • You should complete ITIN application form as soon as you are ready to file your federal income tax return, since you need to attach the return to your application.
• • If you meet one of the exceptions to the tax filing requirement, make sure your submit ITIN application form along with other documents that prove your identity and foreign status and substantiate your qualification for the exception.
• • You can apply for an ITIN any time during the year. However, if the tax return you attach to ITIN application form is filed after the due date of the return, you may be penalized. So, make sure you file your current year’s return within the prescribed due date.

4.Fbar Compliance :-

According to the US tax statutes, if you have a financial interest in or a signature authority over a foreign financial account (bank account, brokerage account, mutual fund or trust) you need to file an annual report of the account to the Internal Revenue Service by filing Form TD F 90-22.1 – Report of Foreign Bank and Financial Accounts (FBAR). Missing your FBAR filing can lead to huge civil penalty, an amount as large as $100,000 or 50 percent of the account balance for each violation each year.

Reportable financial accounts on FBAR:

• • Bank accounts (Saving, Current, Fixed Deposit, etc.)
• • Securities or brokerage account
• • Account with a person that acts as a broker or dealer for futures or options transactions
• • Account with a person in the business of accepting deposits as a financial agency
• • Insurance or annuity policy with cash value (LIC, ULIP)
• • Public provident fund or PF
• • Shares in a mutual fund or similar pooled fund
• • Gold kept in bank lockers

Apart from providing a complete insight into the tax code that applies to resident individuals in the United States, including Green Card Holders and US Citizens, YuvaTax also assists its clients with the following services:

• • Consultation and Impact Analysis
• • Analysing and planning to reduce the FBAR penalty
• • AMT Strategies, foreign tax credit
• • Review of 2009 and 2010 OVDP cases
• • Mutual fund or PFIC computations
• • Preparation of forms required to participate in the OVDP program
• • Preparation of tax amendments and delinquent FBAR
• • IRS representation by enrolled agents or affiliated CPAs and attorneys

5.Tax Audit Representation :- YuvaTax offers audit defence services wherein our tax or legal professional represents and supports our client taxpayers during an IRS or state income tax audit. We also develop the strategy used to defend our client’s position and assist them in preparing all documents requested by the taxing authority along with handling correspondence on their behalf. Strategic Tax Planning & Consulting in rental income and business income: YuvaTax provides our clients with strategic advice on tax matters and tax planning comprising of services that are cost-effective, affordable and tax-deductible. We provide year-end planning strategies, and our tax agents also deal with audits, disputes and payment arrangements for our business clients to help their business grow and increase profitability. Our aim is to make things easier in tax compliances with easy and cost-effective tax

consultancy and filing of taxes. Our services extend to Personal, Sole Traders, Businesses, Partnerships, Families, Trusts, Government, and Companies.

6.Form W4 Guidance :-

We provide complete guidance with the tax form W4 filing and help our clients understand the purpose of the same. The way you fill out the IRS Form W-4 is said to determine how much income tax your employer will withhold from your paycheck and YuvaTax is here to guide you with the right procedure. Our tax preparers guarantee absolute confidentiality and transparency with the process and thus we confirm each and every decision with our clients before the final submission so that the procedure is carried out accurately.

7.Amendment :-

An amended return is a return filed in order to make corrections to a tax return from a previous year. An amended return can be used to correct errors and claim a more advantageous tax filing. For example, one might choose to file an amended return in instances of misreported earnings or tax credits. Change in filing status, change in the number of claimed dependents, incorrectly claimed tax credits and deductions, incorrectly reported income, are reasons individuals file an amended return. The drawback of filing an amended return is that the document has to be mailed to the IRS Service Center that processed the original tax form and can take up to 16 weeks to be processed.

8.Unlimited Audit Representation :-

Tax audit representation, also called audit defence, is a service in which a tax or legal professional stands in on behalf of a taxpayer (an individual or legal entity) during an Internal Revenue Service (IRS) or state income tax audit

9.Extension Filing :- A filing extension is an exemption made to both individual taxpayers and businesses that are unable to file a tax return by the due date. Individuals can complete and file IRS Form 4868 by the regular date of their return, which is

usually April 15, for an automatic six-month extension. Most business tax returns can be extended by filing IRS Form 7004. However, the extension of time to file does not provide a corresponding extension for payment of taxes owed. An explanation of the reason for the extension is required. Some states accept IRS extensions, but others require taxpayers to file a separate state extension form.