Individual Tax Preparation for High-Income & HNW Clients

Complex 1040s filed accurately and on time—wages, rentals, K-1s, stock comp, crypto, and multi-state returns handled end-to-end.

High-income & HNWI Rental & K-1 heavy Equity comp & crypto
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Compliance-only engagement designed for complex returns. Tax planning and strategy can be layered on once the baseline is clean.

2025+ tax law updates: Recent federal changes including the One Big Beautiful Bill Act affect deductions, depreciation rules, and owner-level planning for many businesses. We apply current law and IRS/state guidance based on your facts and documentation.

Fit check

Is this you?

You’re a fit for this service if some of these sound familiar:

  • Your household income is multiple six figures or higher, and your return has outgrown “big box” tax prep.
  • You have rental properties, pass-through K-1s, or business income tied back into your personal return.
  • You have taxable brokerage accounts, stock options, RSUs, or other equity compensation.
  • You’ve dabbled (or gone deep) in crypto, e-commerce, or content creation, and the 1099s keep piling up.
  • You want your return done right and on time, with clear pricing and no games about paying from your refund.

This engagement is about getting the compliance done correctly. Ongoing planning and strategy can be layered on later, once the foundation is clean.

Outcomes

What you get with Individual Tax Preparation

Accurate, defensible returns

Full workpapers, reconciliations, and documentation so the return can stand up to questions from the IRS or the state.

Complexity handled for you

High-income issues (NIIT, Additional Medicare, AMT), rentals, K-1s, stock comp, crypto, and multi-state filings all coordinated in one place.

Clarity on what you owe (and why)

A clean summary of your tax position, explanations in plain English, and estimated tax recommendations so next year isn’t a surprise.

Predictable fees and process

Fixed-fee pricing based on the complexity we scope up front, and no filing until you’ve approved the return and the fee.

Scope

What’s included in Individual Tax Preparation

1. Federal & state return preparation

  • Prepare and file your federal Form 1040.
  • Prepare and file required state individual returns (resident, nonresident, and part-year).
  • Prepare and file local income tax returns where applicable (city, school district, county).

2. Core income reporting

  • W-2 wages and salaries.
  • Interest and dividends (Forms 1099-INT, 1099-DIV).
  • Retirement distributions and rollovers (Forms 1099-R).
  • Social Security, unemployment, and other standard income items.
  • HSA contributions/distributions (Form 8889) and education items (1098-T, 1099-Q).

3. Investments, trading & high-income compliance

  • Schedule B and Schedule D for taxable brokerage accounts.
  • Reconcile consolidated 1099s across custodians (Vanguard, Fidelity, Schwab, etc.).
  • Apply capital gain/loss rules, including wash sales and basis adjustments using broker data.
  • Compute and report Net Investment Income Tax (Form 8960) and Additional Medicare tax where applicable.

4. Rental real estate & pass-through income

  • Schedule E for long-term rental properties and short-term rentals (Airbnb/VRBO) treated as rental vs. business based on facts.
  • Property-level income and expense reporting using your records.
  • Maintain and update depreciation schedules for each property.
  • Apply passive activity rules and track passive loss carryforwards (Form 8582).
  • Report K-1 income/loss from partnerships, S corporations, and trusts/estates.
  • Track and report basis in pass-through entities when basis information is provided.

5. Self-employment, gig work & creators

  • Schedule C for consultants and professionals, gig workers (Uber, Lyft, DoorDash, etc.), influencers, content creators, and online sellers (eBay, Etsy, Amazon, Shopify, etc.).
  • Build your Schedule C profit and loss from platform reports, 1099-K/1099-NEC, and summarized data you provide.
  • Calculate self-employment tax (Schedule SE).
  • Report home office, vehicle, and other business deductions using your documented information.

6. Stock compensation & equity income

  • Report RSUs, ISOs/NSOs, ESPPs, and other equity awards.
  • Align employer reporting (W-2, Forms 3921/3922) with broker statements.
  • Run AMT calculations (Form 6251) when incentive stock options are involved.

7. Crypto & digital assets

  • Report crypto trades and dispositions using exchange/platform tax reports you provide.
  • Compute capital gains and losses on covered transactions included in scope.

8. Deductions, credits & household-level items

  • Schedule A (itemized deductions) for mortgage interest (Form 1098), state and local tax (SALT) within current limits, and charitable contributions with required substantiation.
  • Apply relevant credits: Child Tax Credit and Credit for Other Dependents, Child and Dependent Care Credit, and education credits (American Opportunity, Lifetime Learning).
  • Reconcile Premium Tax Credit (Form 8962) for Marketplace coverage.
  • Report above-the-line deductions (traditional IRAs, HSA deductions, alimony where applicable, etc.).

9. Multi-state & foreign items

  • Prepare resident, nonresident, and part-year returns for multiple states.
  • Allocate income between states and apply credits for taxes paid to other states.
  • Report foreign-source income and apply Foreign Tax Credit (Form 1116).
  • Prepare Form 8938 when required and help you gather information for FBAR (FinCEN 114) if in scope.

10. Estimated taxes & routine notices

  • Calculate annual and quarterly estimated tax payments and provide vouchers (federal and state).
  • Apply safe harbor rules to reduce underpayment penalties (Form 2210).
  • Review and respond to routine IRS/state notices related to returns we prepared.
  • Prepare amended returns (Form 1040-X) when corrections or late information require changes (amendment fees may be separate).
Guardrails

What’s not included in this service

We keep this engagement focused and predictable

To keep this engagement focused and predictable, the following are not part of standard individual tax preparation:

  • Proactive tax planning and strategy (multi-year projections, “what if” scenarios, entity restructuring, etc.).
  • Full financial planning (retirement, estate, insurance, and investment advice).
  • Bookkeeping or transaction-level reconstruction for missing or incomplete records (e.g., rebuilding a year’s worth of bank activity or detailed crypto/e-commerce history).
  • Representation in formal IRS or state audits, appeals, or collections beyond routine notice responses.
  • Legal services or estate planning documents.

These can be added later under a separate planning or advisory engagement if and when you want to go deeper.

Process

How the process works

1

Discovery & quote

You share a short fact pattern and, where needed, prior-year returns. We scope complexity and quote a fixed fee.

2

Engagement & document upload

You e-sign the engagement letter, pay the initial fee, and upload documents through a secure portal.

3

Preparation & review

We prepare your federal and state returns, reconcile the data, and send you a clear summary plus draft copies.

4

Questions & approval

We walk through any questions, make agreed changes, and finalize the return.

5

Filing & next steps

Once you’ve approved and paid the remaining fee, we e-file your return(s) and provide copies and estimated tax vouchers for the coming year.

Pricing overview

What this typically costs

See Pricing Matrix

Fees for Individual Tax Preparation are fixed up front based on the complexity of your return—income level, number of states, volume of investments, rentals, K-1s, and other activities.

Most clients in this service fall into a high-income, complex 1040 pricing band. We scope your situation during discovery and confirm a fixed fee before any work begins. Returns are not filed or released until the engagement fee is paid in full.

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FAQ

Frequently asked questions

Do you take your fee out of my refund?
No. Our fee is not paid from your refund and is not contingent on the size of your refund. All fees are paid directly to the firm and must be paid in full before we file or release your return.
Do you work with lower-income or simple returns?
Yes. We offer a Basic Tax Preparation tier designed for straightforward W-2 returns with limited additional activity. For more complex or higher-income situations involving business ownership, equity compensation, rentals, multi-state exposure, or layered financial complexity, we offer Professional and Advanced tiers.
Can you also help with tax planning?
Yes, but planning is a separate engagement. We start by getting the current year filed accurately, then we can look at proactive planning once the baseline is clean.
What if my records are a mess?
We can often help, but significant cleanup or reconstruction (for example, uncategorized bank data or incomplete crypto/e-commerce history) may require a separate bookkeeping or reconciliation engagement.

Ready to get your return handled properly this year?

Tell us a bit about your situation and we’ll confirm fit, scope the engagement, and quote a fixed fee before any work begins.

Request a Consultation