Tax Preparation
Having your tax returns prepared and filed timely is crucial when it comes to avoiding penalties. Timely file form 4868 Application for Automatic Extension of Time to File US Individual Income Tax Return to avoid potential failure to file penalties. This extension filing does not extend your responsibility to pay your taxes in full by the tax filing due date.
Paying your taxes is for most US taxpayers the largest bill that you will pay in a year. Choose the correct W-4 withholdings. Your employer will pay to the IRS your withheld taxes.
Self-employed individuals must make extra efforts to ensure compliance with the IRS. You should make quarterly estimated tax payments. The IRS will accept your estimated tax payments monthly as well. Depositing estimated tax payment ensures you are not faced with a large tax bill due at year end. I recommend that you pay these taxes as you go month to month or quarter to quarter.
Have your personal or business tax return prepared and filed by a qualified licensed tax professional. We prepare returns for current year and past year(s). Request for consultation for tax preparation services.
We prepare the following income tax returns:
- 1040 series individual return along with all required schedules and forms
- 1040X Amended Return
- 1065 Partnership Return
- 1120S S-Corporation Return
- 941 & 940 Quarterly & Annual Payroll Returns
Tax Planning
It doesn’t matter how good your current accountant is with a stack of receipts on April 15. If you haven’t planned right, by April 15 it’s just too late.
Have you organized your business right? Do you have the right benefit plans for yourself and your employees? Do you have the right retirement plan to prepare for your future. Are you taking advantage of all the legitimate deductions, credits, loopholes, and strategies the tax code offers?
Unclaimed Income Tax Refunds
According to the IRS, there is $1.5 billion dollars, yes BILLION in unclaimed refunds to be issued to taxpayers who has not filed their 2018 tax return. There is a 3-year window to claim these refunds.
Count Down to Filing Your 2023 Tax Return
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