We’ll provide fast and accurate results on your personal tax forms after reviewing all your potential deductions, so you get full credit for them.
For individuals with a business, we’ll show you how to make quarterly payments as well as do an S-Corp conversion to enjoy other types of credits and deductions
No one likes to pay taxes twice. So, if you have to file in more than one state we’ll help you avoid any additional expense. Here’s how:
Capital gains refer to any profit you’ve made on your investments in stocks and bonds. For example, if you invest $1,000 in a mutual fund and cash it in 20 years later for $10,000 when you retire, you’ll have to pay a capital gains tax on the $9,000 profit.
For U.S. citizens, expatriates or resident aliens living abroad, understanding your tax liability is critical to proactively preparing for the future. All citizens and resident aliens are responsible for filing U.S. tax returns on their worldwide income, even if they weren’t living within the U.S. during the tax year in question. Too often, individuals living abroad either fail to file or report their income improperly on their annual returns, leaving them vulnerable to double taxation, underpayment or overpayment. The IRS can also impose financial penalties for filing an incorrect return.
The IRS or the treasury department in your state may contact you regarding your taxes for several reasons. We’ll be happy to help you understand this correspondence and answer any questions you may have. Below are some of the most common reasons for hearing from the IRS or your state.
Every business – no matter how small or what type – should consider having their taxes prepared by a professional. Tax laws are constantly changing, and experts in the field can help you avoid extra expense while ensuring all your paperwork is correct.
There are three main types of business entities that require federal tax filings —Partnerships, C-Corps and S-Corps. Below is a discussion of each.
If you are the only owner, member, or equity partner of your LLC, then you would be filing your LLC business numbers on from 1040, Schedule C. This is a component of your individual tax return and is not necessarily a separate return at the federal level, although it does involve separate schedules. On the state side, you may or may not have an annual reporting requirement or separate form to submit, depending on your state. We are happy to assist with LLCs registered in any of the 50 states.
Estimated tax payments are payments for taxes on income that is not subject to withholding tax. This can include income from self-employment, business earnings, interest, rent, dividends and other sources. Many business owners and individuals who receive K-1s for their interests in companies must make estimated tax payments on this type of income.
Collecting, reporting and filing sales tax is fairly easy if you have a business with a brick and mortar store in only one location and no online sales. But for businesses that sell in more than one state or via the internet, paying taxes to different states at different rates can be much more complicated.
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