At IRS Masters Inc, we offer comprehensive tax preparation services to help individuals and businesses, ensuring compliance with tax laws while strategically minimizing their tax liabilities. Our experienced team provides personalized tax solutions tailored to your unique financial situation. Let us handle the tax complexities, so you can focus on what matters most.

Individual Tax Services

As your trusted advisors, we evaluate your individual tax situation and guide you through any tax challenges that develop. Our goal is to minimize your tax liability so that you can keep more of your hard-earned money.

• Prepare accurate tax returns that are filed on time
• Calculate estimated taxes for self-employed small business owners
• Develop tax planning strategies that reflect individual financial goals
• Electronic filing and direct deposit for a faster tax refund
• File extensions and calculate estimated tax to avoid interest and penalties

Our tax preparation services cover all aspects of individual taxation, from annual federal and state tax filings to complex tax matters, offering peace of mind during tax season.

Here’s what else we do for you:

Specializing in Multi-State Returns

Virginia
Maryland
District of Columbia (DC)
If a state has an income tax, we have experience with that state

Prior Year’s Tax Filings (Federal & State):

We handle the annual preparation and filing of federal and state tax returns, making sure you meet all your tax obligations accurately and on time.

Itemized Deductions:

We help you maximize deductions by carefully evaluating itemized deductions, ensuring you claim every eligible expense.

Home Sale:

Selling your home involves tax considerations. We assist in understanding the tax consequences of home sales and help you make informed decisions.

Capital Gains/Losses:

We analyze your capital gains and losses to optimize tax outcomes, helping you manage your investment portfolio efficiently.

Stock Options:

Our specialists help you understand and manage the tax implications of stock options, ensuring compliance and minimizing tax burdens.

1031 Exchange:

For real estate investors, we provide guidance on 1031 exchanges to defer capital gains taxes when swapping one investment property for another.

Expatriate and International Tax:

Our expertise extends to expatriate and international tax matters, addressing the complexities of global taxation and expat financial planning.

AMT (Alternative Minimum Tax):

For those subject to AMT, we provide expert guidance and assistance to navigate this complex tax regime, optimizing your tax liability.