Global Tax Filing Service
USA * INDIA
Are you a US citizen, green card holder, NRI, or OCI needing to prepare and file tax returns and reports in both the USA and India?
Experts from MYiTAXES can help you with your tax filing requirements
We partner with CPA / CA firms in USA / India to provide their clients with reliable and cost effective tax services.
Tax Services, Delivered Globally
MYiTAXES is led by tax experts with over 50 years of experience in tax planning, preparation, and filing for a diverse range of clients, including individuals and businesses. We leverage this extensive professional expertise to offer high-quality and cost-effective solutions globally. Our team has a deep understanding of tax laws and taxation treaty agreements between countries, which enables us to serve taxpayers in the USA, ensuring compliance with their respective tax rules. Our comprehensive services include:
Tax Planning, Tax Preparation, Tax Return Filing, FBAR & FATCA Reporting (USA), Global Income and Double Taxation Credit Handling, Business Tax Return Preparation & Filing
USA Tax Filing
- US Form 1040 (Individual) and variants 1040, 1040A, 1040EZ, 1040NR with schedules for various incomes
- US State Tax Returns
- E-filing of Returns with IRS
- Global income for OCI (overseas citizens of India) and claiming of double taxation credits
- FBAR Annual Filing for reporting global financial asset
Standard: US Package, US Income Only, No Foreign Income ($ 299)
- US Wages (Form W2) and dedcutions
- Qualified IRA or ROTH contributions (Form 1099 R)
- Alternative Minimum Tax Calculations (Form 1116 AMT)
- Estimated Payment Vouchers (Form 1040-ES)
- US Retirement and Social Security income (Form 1099 R)
- Interest and Dividends (10 trans incl) (SCH B, form 1099 INT, 1099DIV)
- Misc Income Worksheet (via 1099-MISC)
- Itemized deduction (SCH A)
- 1 Rental Property (SCH E)
- Investment Capital Gains/Losses (10 transactions included) (SCH D)
- 1 State Return (Simple)
- Earned Income Credit
- Gross US Income Below $100k
Premium: Standard US Package + Foreign Income Reporting ($ 499)
- Includes all STANDARD US Package Features PLUS
- Foreign Wages
- Foreign Earned Income Exclusion (Form 2555)
- Interest and Dividends (foreign source)
- Credits for Double Taxation
- Non-US Retirement Income
- Reporting in 1040 for Financial Assets Disclosures
- FINCEN form 114 or FBAR Reporting (upto 5 accounts)
- 2 State Return (Simple)
- 1 SCH С (US Profit and Loss from Business)
- Investment Capital Gains/Losses (30 transactions included) (SCH D)
- Upto 5 Rental Properties (SCH E)
- Self-Employment Income
- Gross US Income over $100k
Business Taxes: Preparing and Filing
- Form 1065 – Partnerships
- Form 1120 – C Corporations
- Form 1120-S – S Corporations
- Form 1099– Payment to independent contractors
- Returns include preparation of Schedule K-1 Income for each Shareholder
We initially have a FREE consulting call or virtual meeting with you to discuss your requirements, and determine if we are a good fit, to answer your questions, and to give you a tax filing quote.
Our team has a wealth of experience in individual and business tax planning, taxation of high net worth individuals, international taxation, immigrants, and expats.
We can also help you with business structure planning and tax consulting to reduce your tax exposure:
INDIA Tax Filing
- Form ITR Individual Tax Returns in India (Non residents or Residents) for NRI (Non Resident Indians) and OCI (overseas citizens of India)
- Tax planning on Double Taxation and global reporting impact compliance
- Guidance on (Foreign Exchange Management Act (FEMA) rules such as with bank accounts and remittance
- Taxation related to property sale in India by NRI
- India Salary (Form 16)
- Download and review of Form 26AS (Summary of TDS, taxes paid etc) , TIS (Taxpayer Information Summary) and AIS (Annual Information System) for incomes and financial transactions and match to statements from taxpayer
- Interest Income (Deposits and Savings)
- Dividends
- Capital Gain /Loss (upto 10)
- Real Estate Rental Income (up to 2)
- Income from other sources
- Common Deductions
- Gross Income Below 50L INR, no foreign income applicable, Non Resident or Resident but Not Ordinary Resident
Premium: Standard + Foreign Income Reporting ($ 149 = INR 12000)
- Includes all STANDARD INDIA Package Features PLUS
- Income from Business or Profession
- Capital Gain/Loss (upto 30)
- Real Estate Rental Income (upto 5)
- Review of residential status (ROR, RNOR, NR) and advise on travel planning
- Interest and Divident (foreign sources)
- Foreign Real Estate Rental Income
- Credits for Double Taxation
- Reporting in ITR for Foreign Assets Disclosures
- Gross Income over 50L INR and Resident status, involving inclusion of foreign income
Direct and Indirect Tax (GST) for Business
- Filing India and USA Tax Returns and handling tax notices with tax authorities for partnership firms, and companies
- Tax Audit under 44AB (Receipts) or 44AD (Presumptive) and Certifications under Income Tax Act or other requirements
- Goods and Service Tax (GST) Registration, GST Tax Returns, GST Audit, and GST Advisory including multi-state compliance
- Services such as Value Added Tax (VAT) Registration, VAT Returns and VAT Audit for products where VAT applies
- We can also help you with business structure planning and tax consulting to reduce your tax
About Us
Our team of professionals include Tax experts, MBA’s, Chartered Accountants, Commerce and Law graduates.
Their collective work experience includes many years at ‘Big 4’ Accounting and Consulting firms and Fortune 1000 global companies. We also leverage alliance partners to enhance the range of services required by customers to meet business needs.
Delivering Trust and Results
We blend the use of information technology along with subject matter expertise to provide value based and personalized solutions. We promote professionalism, quality and long lasting relationships.
Professionals
Our CAs / CPAs, qualified professional are well versed with tax rules and with dual taxation for USA /Cananda/ UK/India
100% Accuracy
Our careful processing and review process ensures that your returns are accurate per the information provided by you
Customer Focus
With decades of tax experience, we ensure customer satisfaction by minimizing tax liabilities
Link to Blog
- Filing Tax Returns in India by NRI
- Tax Deducted at Source (TDS) for NRI
- Taxation of US Citizens and Green Cards living in India
- Tax Rates in India: Corporate & Individual
- Gifts to, and from NRI: Taxability in India
- Rental Income: Differences USA and India
- Capital Gain on Property: India, USA compared
- Taxability of IRA accounts in USA & India
- US Tax Returns Forms
- FATCA, FBAR, 8938 Reporting to USA
- NRI taxation changes from FY 2020-21
- Business Structuring in USA
- Inherited Property, Taxation USA, India
- Gift and Estate Taxes in USA
- Double Taxation Credits in USA
- Tax Residency Certificate for NRIs
- Tax Saving Tips for NRIs
- NRI – Tax on Investments and Capital Gains
- NRI – Exemptions from Capital Gain in some cases
- NRI – Incomes exempt from Tax
- Tax of NRI being Foreign Company
- NRI- Special Rates of Tax in some cases
- Tax Agreements – India with USA
- US Taxes GILTI
- Determine NRI Taxes – Detail
- UK Taxes Overview
Contact now for a FREE consultation
Are you an NRI/OCI/ Green card living in India or USA/UK/Canada and need to file tax returns? Contact us now for a free consultation and quotation.
