Prudent Accounting Services

We are a team of Enrolled Agents (IRS), licensed CPAs and Indian Chartered Accountants. We have been working in US tax domain for 7+ years. We render services in the areas of - - US Tax. - US bookkeeping. - Outbound investments, FEMA and International Tax (India). US Tax Filing - We help with tax preparation, planning and advisory and representation services. We hold PTIN, CAFs and participate in IRS & state efile. We are listed in IRS return preparer's directory. We prepare and file business tax returns 1065, 1120S, 1120, 1120-F individual returns 1040, 1040NR, CRUTs, CRATs 5227, estates 1041, grantor returns, and not for profits 990. We specialize in - ● Foreign owned disregarded entities, LLCs with foreign partners, foreign owned corporations requirng filings like 5472, 8813, 8804+8805, proforma 1120 + 5472, 8833 treaty benefits, FIRPTA refunds, amendments, etc. We also file protective and substantive foreign corporation returns 1120-F. ● Returns for foreign students on F1 / J1 visa. Dual status returns for first year migrants entering on L1, green card, or H1 visas. ● Refund claims for non residents not having US source income but tax has been withheld. ● US residents, green card holders or citizens or US entities owning foreign entities or investments or having foreign income. Filing of 5471, 8865 & K1, K2, K3, 8858, FBAR 114 Fincen, 8938, 2555 FEIE, 1116 FTC, 1118, PFIC filings 8621, 3520 foreign inheritance or gifts, 8833 DTAA, section 174 amortization, etc. ● Expat filings includng streamlined offshore procedure filings. ● Real estate rentals, contruction contractors, flippers, Real Estate Professional (REP), cost seggregation studies, etc. Real estate investments by foreigners in US including FIRPTA refunds, structuring investments and estate planning. ● Clients operating in sectors like software services, SAAS sellers, consultants, personalized service businesses, online sellers, wholesellers, drop shippers, retailers, etc. ● HNI returns with complexities, retirement contributions, solo 401(k), SEP, defined contribution plans, defined benefit plans, etc. ● Multi state nexus study and filings. ● Help with entity selection, state selection, structuring, s corp election, etc. State filings including annual and franchise reports. ● QOZ investments - advisory and filings. ● R&D tax credit claims. ● Help with various election filings like 2553, 8832, EIN for foreign entities, ● Annual filings like 1099-NEC, 1099-Div, 1099-Int, 1042-S, FIRPTA and foreign withholding filings, etc. US Bookkeeping : Concurrent and annual bookkeeping. 14+ years of experience. • QB, QBO, Xero, Freshbooks, Zoho, Sage, Wave, etc. • Complex reconciliations and cleanup. Help with AJEs. ● Drake, Proconnect, CCH Axess. Excel, tax dome (similar software) office 365, teams, slack, etc. We have very good infrastructure in place with necessary security measures ensuring data safety and integrity. We are WISP compliant and certified (as mandated by IRS).