A Better Approach to Taxes

Capital Area Tax Consultants is a virtual tax and accounting firm that specializes in helping high net worth individuals navigate the complexities of the tax code. While our team of tax pros are well versed in all things tax, our areas of expertise include real estate and equity compensation.

At Capital Area Tax Consultants, we understand the unique financial challenges of high net worth individuals. Our virtual accounting services are tailored to meet the sophisticated needs of clients with complex tax situations. With a focus on precision and strategic planning, we are your trusted partner both during tax season and throughout the year.

Experience the Difference

Comprehensive Tax Planning

Maximize your savings and minimize your tax liability with our comprehensive tax planning services. Our team of Certified Public Accountants (CPAs) and Enrolled Agents (EAs) is well-versed in the latest tax laws, ensuring that you capitalize on every opportunity for strategic tax optimization.

Meticulous Tax Preparation

No detail is too small. Every tax return undergoes a rigorous review process led by not one, but two Certified Public Accountants (CPAs) - helping to ensure accuracy and compliance with the ever-evolving tax code. This high-touch approach ensures that your tax return documents receive the utmost scrutiny before they leave our office.

Virtual Convenience, Real Results

Experience the convenience of virtual tax preparation and accounting without compromising on the quality of service. Our secure online platform allows you to access your financial information at any time, while our dedicated team of experts remains committed to delivering real results.

Innovative Solutions

With a focus on technology, we are able to marry expertise with innovation. Our seasoned team of tax pros leverage industry leading software to help streamline the tax preparation process.

Transparent Pricing

We believe in pricing transparency and flat fees. Before engaging with us, you will receive an upfront quote, in black and white, with a description of any services to be performed. This way, there are no hidden surprises.

Why Choose Capital Area Tax Consultants?

  • Expertise: Our team consists of Certified Public Accountants (CPAs) and Enrolled Agents (EAs) - each with a minimum of 5 years’ experience serving high net worth individuals.

  • Redundant Checks: Two sets of eyes mean increased accuracy. This meticulous review process minimizes the possibility of errors, providing you with confidence in the reliability of your financial data.

  • Secure Online Platform: We take data security seriously. Our platform is designed with security in mind. Access your financial information confidently, knowing that our client portal adheres to the highest security standards.

  • Technology: Our cloud native platform ensures seamless accessibility and real-time collaboration on any device, whether PC or mobile.

  • Proactive Approach: Stay ahead of the curve with our proactive approach to tax planning. We anticipate changes, identify opportunities, and keep you up to date on potential opportunities to reduce your tax bill in the future.

Ready to Elevate Your Financial Situation?

Whether you're seeking expert tax advice, a more personalized relationship, or a seamless virtual accounting experience, Capital Area Tax Consultants is here to help.

Frequently Asked Questions

  • A: We offer comprehensive tax preparation and tax planning for individuals, couples, and small businesses

  • A: We are a virtual accounting firm that utilizes the latest web-based chat and video communications technology to provide the most streamlined experience. We also place an emphasis on year round tax planning in addition to tax preparation services during tax season.

  • A: Our tax pros are well versed in the intricacies of the tax code in general. However, our firm specializes in serving private real estate investors with multiple properties and corporate executives who receive equity as part of their total compensation package annually.

  • A: Though often used interchangeably, tax preparation and tax planning are two distinctly different but interconnected aspects of one’s financial life. While tax preparation involves gathering, organizing, and filing the necessary documents and information to fulfill your tax obligations each year, the primary goal of tax planning is to legally and ethically reduce the amount of taxes you owe on an ongoing basis.

  • A: Currently, we only prepare and file individual income taxes. However, Beginning July 1, 2024, we will begin accepting corporate income tax returns as well.

  • A: These documents are essential to accurately report income, calculate tax liability, and claim any eligible deductions or credits:

    1. Personal Information:

      1. Social Security Number (SSN) or Taxpayer Identification Number (ITIN) for you, your spouse (if filing jointly), and any dependents.

      2. Date of Birth for yourself, your spouse, and dependents.

    2. Income Documentation:

      1. W-2 forms for wages, salaries, and tips from employers.

      2. 1099 forms for various types of income, such as:

        1. 1099-INT for interest income.

        2. 1099-DIV for dividend income.

        3. 1099-G for government payments like state tax refunds and unemployment compensation.

        4. 1099-R for pensions, annuities, retirement, or profit-sharing plans.

        5. 1099-MISC or 1099-NEC for self-employment income or contractor payments.

      3. Income from rental properties, if applicable.

      4. Income from businesses, reported on Schedule C or Schedule K-1.

      5. Alimony received (applicable for divorces finalized before 2019).

      6. Social Security benefits.

    3. Records of Expenses and Deductions:

      1. Mortgage interest statements (Form 1098).

      2. Real estate and personal property tax records.

      3. Receipts for charitable donations.

      4. Medical and dental expense records.

      5. Education expenses (Form 1098-T for tuition paid and Form 1098-E for student loan interest).

      6. Records of contributions to retirement accounts (e.g., IRA).

    4. Credits and Other Tax Information:

      1. Childcare expenses (provider's name, address, and tax ID).

      2. Adoption costs.

      3. Records of estimated tax payments made during the year (Form 1040-ES).

      4. Foreign income or assets.

      5. Health Insurance Marketplace statement (Form 1095-A, B, or C).

    5. Bank Account Information:

      1. Routing and account numbers for direct deposit of refunds or direct debit for payments

    6. Previous Year's Tax Return.

    7. Identity Protection PIN (if the IRS has issued one to you).

    8. Any IRS Notices or Letters received during the year.

  • A: At this time, we are only able to provide tax services to clients living and working inside the continental United States.

  • A: We offer a streamlined onboarding process that starts with setting up access to our online portal and intake form.

  • A: Yes. Our tax professionals are available to answer any follow up questions throughout the year after filing season is over.

  • A: We send clients a monthly newsletter that is filled with updates and important deadlines to be aware of throughout the year.

  • A: Our tax professionals are required to complete a minimum of 16 continuing education (CE) credit hours each year in order to maintain their licensing and eligibility.

  • A: Absolutely! Just click here.