Individual Income Tax Planning & Compliance
Taxes are inevitable, but have you proactively planned for tax compliance? Baker Tilly’s private wealth tax professionals can optimize your tax strategy now, for tomorrow.
Individual Income Tax Planning & Compliance
Tax planning services should be addressed throughout the year and be a fundamental piece of your financial journey.
Why? Proactively analyzing your financial situation can lead to lower taxes and risk. Baker Tilly’s private wealth tax professionals can serve as your personal tax advisor and customize a plan that will save you time, money and stress.
At a glance
Baker Tilly’s private wealth tax professionals work with high-net-worth individuals, business owners, executives and family offices. As your personal tax advisor, we start by understanding your goals. Then, we develop and implement strategies to achieve those goals while minimizing liabilities.
We have the technical capabilities to meet your most complex needs while providing you with innovative solutions and enhanced clarity. And, we consistently monitor your tax plan, so you can rest assured that as your needs change, so will our approach. Working with our team means you’ll stay in compliance while powering your future legacy.
Our services
We offer services across the spectrum of tax compliance and planning.
- Stock option and compensation timing and character
- Alternative Minimum Tax (AMT)
- Gift and estate tax strategies
- Valuation services
- Qualified business income (QBO) deduction planning
- Advanced charitable contribution strategy development
- Tax deferral strategies and reporting (1031 exchanges and qualified opportunity zone investments)
- IRS and tax controversy support
- Business exit planning
- Business valuations
- Section 1202 Qualified Small Business Stock ownership planning
- Detailed charitable contribution and itemized deduction strategy development
- Comprehensive quarterly estimated tax payment recommendations
- Annual income tax filings
- Quarterly estimated tax suggestions
- Itemized deduction strategies
International tax compliance and planning for individuals
Baker Tilly’s international tax specialists help global clients stay in compliance with international tax laws and plan for the future. Specifically, we help clients navigate the following:
- Disclosure of non-U.S. family assets, such as inheritances and trusts
- Expatriation and exit tax planning and mitigation
- International tax exposure and reporting requirements for family offices
- EB-5 visa tax planning
- Global tax minimization
- Withholding tax
- Disclosure and tax planning for controlled foreign corporations and passive foreign investment companies
- International transactions
- Tax residence and application of income tax treaties
- Retirement and asset planning
- Foreign Account Tax Compliance Act requirements
In addition, we assist nonresident investors in U.S. real estate and other businesses with their tax needs. And, we help delinquent filers traverse the Offshore Voluntary Disclosure Program and streamlined filing compliance procedures.
To learn more about Baker Tilly’s full suite of international tax services, visit our webpage or connect with us.
Our individual tax professionals are trusted advisors who go beyond conventional tax planning. We act as your personal tax advisor, assisting with estate plans, charitable giving strategies and business exit plans. Our commitment is to enhance your tax strategy, reduce liabilities, and propose forward-thinking solutions for your future.Duncan Campbell, Principal
Trust and estate planning
Everyone has an estate and needs to plan for it. Baker Tilly’s trust, gift and estate professionals will coordinate a plan based on your goals now and for the future.
Our professionals will work with you and your advisors to clarify your objectives. Then, we will identify solutions, design a plan and implementation timeline, prepare for taxes and more.
Our trust, gift and estate services
- Wealth transfer economic and tax analysis
- Financial planning, including cash flow analysis
- Lifetime transfer planning
- Charitable giving and foundation planning
- Estate management and distribution planning
- Multistate estate planning
- International estate planning
- Asset protection planning
- Valuation services
- Trust planning
Individual tax services for businesses
Baker Tilly regularly works on behalf of entities such as public companies to provide tax services to their executives. We also work with partnerships like law firms to provide individual income tax return services to their key team members. Each of these entities has unique and complex tax situations. They require a firm with a wide variety of tax resources at its disposal. Contact Baker Tilly to find out how we can help your businesses’ executives and team members minimize their tax risk.
Why us?
Baker Tilly's technical tax capabilities and collaborative approach allows us to:
- Accelerate tax deductions, increase tax credits, reduce cash taxes and mitigate exposure risks
- Use technology to coordinate services and minimize follow-up, eliminate redundancies and enable timely completion
- Provide innovative, future-leaning ideas to optimize procedures and processes
- Deliver candid tax advice and the confidence of meeting all compliance responsibilities with timeliness and accuracy
- Employ the services of subject matter specialists across the firm to cater to specific client needs such as state and local tax, international tax, valuation and more
- And, ultimately, enhance and protect your family's legacy
Featured tax insights
Leveraging technology for increased client experience
Our tax professionals use leading technology to deliver a user friendly and data secure experience. Login to Baker Tilly’s electronic tax platform, Form 1040 HubSync, below.
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.