Simplifying the Tax Return Process for you
- Strong technical expertise
- Software of your choice
- Process driven work
- Overlap of time till 12 PM EST
We have experience working on almost all software
netsuite
wave
odoo
Xero Gold Partner
zoho books
simply accounting by sage
US Tax Return Services
It must be nice somebody doing your tax preparations on your behalf and whom you can always trust. You can always hire an accounting firm to assist you through your tax preparations. and if you are a small and budding firm, your must surely go for outsourced accounting firms only since they will help you minimize your tax liability, prepare all the paperwork required and apply for returns, everything on time.
Meru Accounting has always got your back. We are a team of experts who will help you prepare and file federal and state tax returns. Our services mainly include filling of different forms like form-1040, form 1041, form 990, preparing and applying for tax returns and many more. We also have experience in working on many top tax preparation software like ProSeries Tax Solution, GoSystem Tax Solution, Thomson Reuters Tax Solutions etc.
Form 1041(U.S. Income Tax Return for Estates and Trusts)
We have a customized checklist of documents and information that are required from the client’s end to fill-up the form.
Form 1040 (U.S. Individual Income Tax Return)
Form 1040 is for the submission of the individual tax returns and evaluation of their tax liability of the year.
Form 1120 (U.S. Corporation Income Tax Return)
Filling of the details of the first page that needs closure of the income, deductions and your refundable credits.
Form 1065 (U.S. Return of Partnership Income)
Form 1065 is for the partnership firms to file their income and expenses and profits & losses, deductions and credits.
Form 1120S (U.S. Income Tax Return for an S Corporation)
Form 1120 is for the S corporations to submit their income tax returns to the IRS.
Form W-7 (ITIN)
Resident’s aliens of the US are required to file a tax return due to the number of days they reside in the US.
Accounting and Tax for CPAs and enrolled agents
- Do you know that you can save over 70% of your business cost by outsourcing your accounting and tax services? This means you can inevitably save your money, time and resources by outsourcing your accounting and taxation work.
- In fact, today many large-scale CPA firms and enrolled agents are looking abroad to outsource their specific accounting and tax tasks in the hope to consolidate their business and liberate time to concentrate on more essential work.
- Besides cost saving, another benefit of outsourcing to India is quick turnaround time and hassle-free operations. Since the difference in the time zone between India and USA is a minimum of 10 hours, CPA firms and enrolled agents have a huge advantage of time. The accounting and tax returns work can be done overnight and delivered the next morning owing to this time difference.
Outsourced Accounting & Tax Service by Meru Accounting
- Meru Accounting is an India-based outsourced accounting, bookkeeping and taxation firm. We closely work with CPAs and enrolled agents to take care of their accounting, bookkeeping and taxation functions.
- We work with the motto of saving your time and making your business more efficient with our services. We don’t just say it, we do it. We start our work with the aim of generating 4x return on investments for our clients.
Why Choose Us?
Reduce 50% in Current Costs
You will see a Cost reduction of at least 40-50% as compared to local Bookkeeper or Accountant
Self Hosted PMS
Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.
Faster Turnaround
We generally reply to every emails same day or within maximum 24 hours.
Starting from
US $10
Per Hour Bookkeeping service
Detailed Emails
We send emails that carry all the necessary information you need to carry out business operations.
Monthly Meetings with CPA
We conduct monthly meetings with CPA’s for effective communication and understanding client needs.
Meeting Deadlines
We finish all our work prior to deadlines to prevent any kind of chaos during finalization.
Detailed Checklists
We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.
High Quality of Work
Our Standardized Procedures and Checklists will ensure error free work.
.
Why are we the 1st choice of US Businesses for Accounting &
Tax Return Preparation
Reduce 50% in Current Costs
You will see a Cost reduction of at least 40-50% as compared to local Bookkeeper or Accountant.
Self Hosted PMS
Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.
Faster Turnaround
We generally reply to every emails same day or within maximum 24 hours.
Starting from
US $10
Per Hour Bookkeeping service
Detailed & Regular Work Updates
We send emails that carry all the necessary information you need to carry out business operations.
Monthly Meetings with CPA
We conduct monthly meetings with CPA’s for effective communication and understanding client needs.
Meeting Deadlines
We finish all our work prior to deadlines to prevent any kind of chaos during finalization. .
Detailed Checklists
We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.
High Quality of Work
Our Standardized Procedures and Checklists will ensure error free work.
Why are we the 1st choice of US Businesses for Accounting &
Tax Return Preparation
Reduce 50% in Current Costs
You will see a Cost reduction of at least 40-50% as compared to local Bookkeeper or Accountant.
Self Hosted PMS
Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.
Faster Turnaround
We generally reply to every emails same day or within maximum 24 hours.
Starting from
US $10
Per Hour Bookkeeping service
Detailed & Regular Work Updates
We send emails that carry all the necessary information you need to carry out business operations.
Monthly Meetings with CPA
We conduct monthly meetings with CPA’s for effective communication and understanding client needs.
Meeting Deadlines
We finish all our work prior to deadlines to prevent any kind of chaos during finalization. .
Detailed Checklists
We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.
High Quality of Work
Our Standardized Procedures and Checklists will ensure error free work. .
US Tax Return Preparation Fee Schedule
1040 Salary Returns
1040 with Schedule C, D , E
1065
1120s & 1120
$15
$40
$40 with 3 K1 – ( $5 extra for each K1 )
$40
Important Notes:
- Please note that this also includes the Tax review on our side.
- Includes review of tax organizer and following up for missing documents with the Firm
Our work process
Step 01. Document Requisition
Remote Login
Our clients can scan and upload the required documents on their server or e-fax the documents to us. Our expert team will log in to our clients’ system using any secure virtual technology like Netsonic, VPN/RDP/TeamViewer and complete the procedure on their behalf.
Using Cloud based Software
Clients can upload the scan copies of the required documents on a secure FTP server or send them by e-fax messenger, Google drive or Dropbox. The client also needs to provide their login details for the online software via our secure mailing system. Our team will then sign in and complete the following procedure. The data will be saved on cloud.
Step 02. Processing Documents
Preparation for Tax Return
The relevant information from the documents will be taken into a software of the client’s choice by our tax professionals. and The scanned copies of the original documents along with the transactions will be saved into the software in order to make them easily accessible. All the copies of the documents would be verified with the source documents.
Auditing of Tax Returns
Our experts will then verify if all the required information has been correctly entered. The Tax expert will then prepare the Tax return report based upon bookkeeping done for the given period and the information received.
Step 02. Processing Documents
Preparation for Tax Return
The relevant information from the documents will be taken into a software of the client’s choice by our tax professionals. and The scanned copies of the original documents along with the transactions will be saved into the software in order to make them easily accessible. All the copies of the documents would be verified with the source documents.
Auditing of Tax Returns
Our experts will then verify if all the required information has been correctly entered. The Tax expert will then prepare the Tax return report based upon bookkeeping done for the given period and the information received.
Step 03. Final Preparations
Review of Returns
A draft copy of the tax return with the calculated Tax Refunds/ Liability will be sent to the client for review. The draft will include some questions or comments from the Tax expert. The client can request for multiple modifications if needed.
Submission of the Final Copy of the Tax Return to the client
After reviewing tax returns, the final copy for the income tax return will be sent before the due date. The clients just need to sign and send the Tax return file to the Internal Revenue Service via some designated UPSC courier services like DHL Express, UPS and FedEx. We will take care of all the communications part with Internal Revenue Service if any query arises.
Step 03. Final Preparations
Review of Returns
A draft copy of the tax return with the calculated Tax Refunds/ Liability will be sent to the client for review. The draft will include some questions or comments from the Tax expert. The client can request for multiple modifications if needed.
Submission of the Final Copy of the Tax Return to the client
After reviewing tax returns, the final copy for the income tax return will be sent before the due date. The clients just need to sign and send the Tax return file to the Internal Revenue Service via some designated UPSC courier services like DHL Express, UPS and FedEx. We will take care of all the communications part with Internal Revenue Service if any query arises.
Benefits of Tax Return Outsourcing
Cost-Effective
You can save up to 60% of your cost by outsourcing tax return preparation to India. The exchange rate difference results in a substantial reduction in the cost of getting the work done while also maintaining the quality. Besides, the cost of hiring a tax expert is significantly less in India compared to other countries. Furthermore, with outsourcing, you get access to the latest technology and tools without incurring any in-house costs. The reduced cost ensures increased profit margins and a significant marketing advantage to acquire new clients.
Fast Turnaround
Compared to managing returns singlehandedly, outsourced tax prepoffers the biggest advantage of the quick turnaround as outsourcing services are usually offered by service providers who work in different time zones. This means tax files given by aclient from the United Statesin the evening can be quickly downloaded, analysed and completed by an Indian outsource firm like Meru Accounting by the next morning. Quick turnaround is especially beneficial during peak tax season.
Highly Qualified Tax Professionals
When you partner with outsourcedaccounting and tax firm, you are able to get the work done from highly skilled and experienced professionals at affordable prices. Outsourced tax preparation team often comprises of dedicated and well-trained accounting professionals including CAs, CPAs, CFAs and other professionals having great expertise and knowledge. They can ensure a high level of accuracy which saves you from last-minute corrections and stress.
Improves Efficiency and Productivity
Tax return season is often exhausting for employees of accounting firms and CPA firms which can lead to reduced efficiency and productivity. When you hire an outsourced tax firm, this concern can be completely eliminated. The entire headache of tracking deadlines, preparing tax returns, filing returns, etc. is shifted from your employees to outsource firm.As a result,your employees can continue to focus on their core competencies rather than getting exhausted by work overload.
More Focus on Important Tasks
Outsourcing enables you to free up your time and energy from preparing clients’ tax returns and meeting deadlines and focus more on the core revenue-generating activities. It enables you to concentrate on tasks that generate higher value, thereby enhancing productivity and establishing better client relations.
Better Document Management
Tax preparation often involves huge paperwork which can get difficult to handle thereby increasing the chances of documents getting misplaced. When you outsourcing tax preparation work, all the information and data areexchanged electronically via cloud-based accounting software. The data transmission is well encrypted and protected by firewalls to keep it secure and safe. Thus reducing the chances of document misplacement.
Tax Preparation Services by Meru Accounting
Today accounting firms and CPA firmsin the USA need to devote their time and resources to their core business activities. Outsourcing tax firms like Meru Accounting can be your best choice for taking care of your taxation work right from preparing books of accounts to preparing tax returns and filing of returns.
Our tax experts can assist you with the effective implementation of innovative tax planning strategies and manage all your tax compliances. While we bear the responsibility of your tax work, the visibility and ultimate control remain in your hands.
- Arrangement of source documents in digital file cabinet / client portal
- Entry or import of tax data into respective software
- Preparation of tax calculation worksheets
- Preparation of tax calculation worksheets
- Filing of tax returns
- Review of processed returns
- Tax preparation for accountants, CPA firms, enrolled agents, tax preparation firms, etc.
- Individual tax preparation - Form 1040, 1040A, 1040EZ, 1040NR
- Partnerships tax preparation - Form 1065
- Fiduciaries tax preparation - Form 1041
- Corporation tax preparation - Form 1120, 1120S
- Charities and non-profits tax preparation - Form 990
- Estate and gift tax preparation- Form 706
Compelling Reasons to Outsource Accounting & Taxation Services to Meru Accounting
Cost Saving
The biggest draw for outsourcing services to Meru Accounting is saving costs. Hiring and training in-house employees lead to huge costs. Besides, there are costs associated with administration and operation which can be saved in case of outsourcing. We offer cost-effective accounting, bookkeeping and tax solutions to our clients that start at as low as US $10 per hour.
Business Expansion
One of the primary reasons for CPA firms and enrolled agents to outsource their accounting and taxation services to us isthe expansion of their business. You can easily concentrate on onboarding new clients and understanding their specific requirements while dedicating your accounting and taxation work to us.
Expert Team
When you outsource to a company like Meru Accounting, you benefit from the services of experts in the field of accounting, finance and taxation. Your outsourced team comprises of CAs, CPAs, CFAs and other professionals having great expertise and knowledge.
Experience
Meru Accounting has a dedicated team of well-trained and highly experienced accounting professionals. Our team has a proven track record of providingaccounting and taxation services for CPA firms and enrolled agents. We have global experience of serving clients from different countries like USA, UK, Australia, Singapore and New Zealand and across different business verticals.
Ease of Operations
Dealing with an in-house accountant can sometimes become a difficult task as they are not specialised in accounting and taxation work. When you outsource tax preparation work or accounting tasks to a specialised firm, you don’t have to worry about anything. You also gain peace of mind as you are aware that your work is in the hands of experts.
Quality Service
We maintain high quality standards in whatever we do. Our primary motto is to deliver quality services to our clients and within the allotted time frame. This stands us apart from our competitors.
Latest Technology and Infrastructure
We are a dynamic firm and we love to stay updated with every latest technology that comes in the field of accounting and finance. We quickly learn and adapt to the latest technologies.Moreover, we have a highly advanced infrastructure to support these technologies. So, you don’t have to incur heavy costs on upgrading the infrastructures and resources in-house.
Flexibility
When you hire us, you get the flexibility to scale up or scale down our services as per your requirements. Besides, you may transfer all or only some of the accounting and tax department functions to us. You only have to pay for the resources that are required to get the work done. During the lean period, you may save costs by reducing our involvement.
Security and Privacy
We understand the importance of data for any organisation. Therefore, we have high-level security systems in place. With the help of advanced technology and software, we provide complete safety and data privacy to our clients.
FAQs for US TAX Returns
What will be the consequences if I don't file my tax return on time?
Filing your tax return on time is mandatory by the U.S. law. It is under your visa conditions that you have to abide by the U.S law. If you don’t file tax returns then you will be penalized by the IRS and your U.S. bank assets will be seized for repayment. Such a penalty amount is usually more than your tax debt. You might also face some immigration consequences for not filing taxes. Also, if you are applying for permanent residency in the U.S. or the “green cards” you might be asked to submit tax filing proof for the previous years. Apart from that, you should always keep in mind that you can only receive your tax refund only if you file your tax.
If I don't receive any notice from the IRS, should I still file an expatriate tax return?
Yes, you should. If you don’t file your tax return you will be penalized by the IRS and the penalty amount will be a lot more than your original tax amount. However, if you file an expatriate tax return the IRS will be more lenient in terms of the penalty amount.
Last year I was working in the U.S. but now I have come back to my home country. Do I still need to file the U.S. tax returns?
Yes, you have to. Since you were there in the last year and working you have to file the tax returns. Also the students or the scholarship holders who have been there in the F or J status, have to file their tax report for that year. In case you have overpaid the federal tax, the extra amount will be refunded by the IRS.
How can I get my tax refund?
If you have overpaid your taxes that you are eligible for a tax refund. There are many ways of getting the payment while the most common one is receiving a check via mail. Sometimes the amount is deposited in your bank account. Always keep a copy of your tax return with you. This will be helpful while applying for a refund and doing taxes for the next year.
What should I do if I am unable to file my tax form by the deadline?
If you miss the deadline or require more time to file your taxes then you should request an extension by filing IRS Form 4868. This is an automatic extension that means you don’t require any approval notification from the IRS.
Note: Normally you are supposed to file your taxes by the 15th of April. But in 2020, due to the Coronavirus pandemic, the date has been extended till 15th July 2020 under The Coronavirus Aid, Relief, and Economic Security (CARES) Act.
What are the most common forms used for tax filing purposes?
Some of the most common forms that you may receive during tax filing are- W-2, 1099-INT, 1042-S, 1099-MISC, 1098-T.
I am a U.S. citizen living abroad, do I still need to file my U.S. taxes?
Yes, if you are a U.S. citizen living abroad you have to file the US federal tax return and have to pay the U.S. taxes. You have to file Form 2555 for foreign earned income exclusion and housing exclusion or deduction. In short, you are subjected to the same taxation rules as people living in the U.S.
What are streamlined procedures?
The streamlined procedures are designed for filing amended returns to resolve the penalty obligations.
I didn’t submit worldwide income in previous tax returns. What should I do?
This is considered incorrectly reported tax information, In such cases you have to file an amended expatriate tax report in order to avoid penalties by the IRS.
No Risk. No Obligation.
Get Free Trial ( 3 Tax Returns )
Only for CPA Firms, Enrolled Agents and TAX Practitioners
We have expertise in preparing a tax returns for Federal and State governments. We understand the requirements of the client and provide a customized solutions for that.
- Individual Income Taxes
- C Corporation Income Taxes
- Nonprofit Corporation Taxes
- S Corporation Income Taxes
- Partnership Income Taxes
- 1099 Filing
- W2 filing
Phone: +1 347-618-6478
Email: [email protected]
