- Individual Tax Returns
- ‘C’ Corporation Tax Returns
- ‘S’ Corporation Tax Returns
- Partnership Tax Returns
- Limited Liability Company
- Non-Profit Corporation Tax Returns
- Small Business Tax Returns
Our Taxation Services
Tax preparation and Tax filing services are important for individuals and businesses alike. Our team consists of Certified Public Accountants and Licensed Tax Preparers with significant experience. For businesses or individual, tax preparation and tax filing services help to ensure that they are compliant with the state and federal taxes.
These services can also help taxpayers maximize their deductions and credits and minimize their tax outgo.
Why Outsource Taxation?
Any Taxation, individual or corporate can be very confusing. Every entry in your tax forms can impact the amount of tax you pay the government and directly impacts your company’s or personal bottom line.
If you are a Global business, keeping up global tax laws and regulations is challenging. Trust out Taxation experts to manage your national or global taxes to minimize your tax liability and maximize your profit.
Individual Taxation
Outsourcing
Individual Tax Return have different forms depending on various conditions like employed (Form W2), unemployed (1009-G), self-employed (Forms 1099, Schedules K-1 and few accordingly), rental income (Form 1040-ES), retirement income (Forms 1099-R, 1099-SSA, 1099-RRB), savings & investments (Forms 1099-INT, 1099-OID, 1099-DIV to name a few), other incomes & losses (Forms W-2G, 1099, 1099S) and nonresident (Form 1040 NR).
‘C’ Corp Tax Returns
Outsourcing
A ‘C’ Corporation business is liable to file to the state & federal details such as income, payroll, unemployment, and disability taxes according to the jurisdictions. Income tax return filing for ‘C’ Corp requires information such as date of incorporation, total value of assets, total income, gross receipts, dividends earned, interest earned, royalties earned, capital gains, tax deductions.
‘S’ Corp Tax Returns
Outsourcing
An ‘S’ Corporation business is liable to file Income, Employment Taxes. These corporations are required to fill Forms
1120-S to file Income Tax, 1120-W to file Estimated Tax, 940/941/943 to file Employment Tax according to nature of
employment. If you are an ‘S’ Corp shareholder you must use Forms 1040, 1040-SR to file Income Tax and 1040-ES to file
Estimated Tax.
Other Taxation Services
Partnership Tax Return
In Partnership Tax Return both business and partners are required to pay their taxes to IRS (Internal Revenue Service).
Partnership as an entity is entitled to file Annual return of Income (Form 1065), Employment Taxes (Forms 940/941).
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Limited Liability Company
Owners of an LLC are called members. Most states do not restrict ownership, so members may include individuals, corporations, other LLCs, and foreign entities. There is no limit on the number of members. Most states also permit “single-member” LLCs, those who have one owner.
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Non-Profit Corporation Tax Return
Non-Profit Corporation with gross receipts $50,000 or less is exempt from federal income taxes, although they are
required to file annual returns. Based on the nature of the Non-Profit Corporation Form 990 series and Schedule A to O
and R series is to be filed.
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Small Business Tax Return
Selecting the right Form to file your Business Tax Return depends on how you run your business. Whether your business is identified as a sole proprietorship or an LLC or a Corporation. Usually, small businesses use sole proprietorship which allows them to report all their income and expenses on Schedule C. Read More>>
Individual Income Taxes (for all states)
Individual Income Taxes may vary considerably from one state to another. Some states adjust their marginal tax bracket annually to keep up with inflation. The top highest income tax states are California, Hawaii, New Jersey, Oregon and Minnesota and the rest follows.
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“My LLc has an international partner, for years my taxes were not filed correctly by local CPA – Outsourcing my Taxation to this team resolved all of them and finally I was confident about our standing with IRS”
AITC – Director