INDIVIDUAL TAX SERVICES

Individual Tax Preparation for More Complex Financial Lives

Some personal tax returns extend far beyond wages and a standard filing. Luma provides individual tax compliance for clients navigating multi-state income, real estate, investments, foreign assets and other complex tax matters.

When an Individual Return Isn't Simple

Financial circumstances evolve.

  • You may acquire or sell property.
  • Move between states.
  • Develop investment income.
  • Own assets outside the United States.
  • Complete a 1031 exchange.
  • Receive income from several jurisdictions.

When that happens, tax preparation can require a deeper understanding of how different pieces fit together.

Living, working or earning income across different states can create additional tax questions.

Luma’s state taxation experience can help clients navigate multi-state income and residency considerations.

Real Estate Transactions

Real estate acquisitions and sales can introduce important tax considerations.

Luma’s services include tax matters involving property transactions and 1031 exchanges.

Investments & Passive Income

Investment portfolios and passive income streams can add additional layers to an individual tax return.

Luma provides tax compliance for clients whose financial circumstances require more detailed analysis.

Foreign Assets & FBAR

Certain foreign financial assets can involve additional U.S. reporting requirements.

Luma’s individual tax compliance services include foreign assets and international tax reporting requirements, including FBAR matters.

Individual Tax FAQs

Who are Luma’s Individual Tax Compliance designed for?

Luma focuses on individuals whose tax situations may involve multi-state income, real estate, investments, passive income or foreign assets.

Can Luma help with a 1031 exchange?

1031 exchanges are specifically included among the real estate matters described in Luma’s individual tax services.

Does Luma handle FBAR matters?

Yes. Foreign assets and FBAR reporting are included in Luma’s stated individual tax compliance services.

Can Luma assist someone who moved between states?

Multi-state income and residency shifts are among the situations Luma works with.

Can individual clients work with Luma virtually?

Yes. Luma works with clients nationwide.

Your financial life may be complex. Your next step doesn't have to be.