Corporations
Corporations
Federal income taxes for businesses are imposed on all forms of earnings that constitute a taxpayer’s taxable income, such as employment income or capital gains. The income tax is determined by applying a tax rate, which can increase as income increases.
Federal income tax is paid as income is earned or received throughout the year. An employee typically has income tax withheld from their salary. If you do not pay your tax through withholding, you may need to pay estimated taxes.
Deciding the Form of Your Business Entity
When starting a business, you must decide what type of business entity to establish. All businesses, except partnerships, must file an annual income tax return. Partnerships file an informational return. The form you use depends on how your business is organized.
The type of business determines which income tax return form you must file.
Common Types of Businesses:
- Sole Proprietorship
- Partnership
- Corporation
- S Corporation
- Limited Liability Company (LLC)
We will identify all the credits and deductions your business is entitled to, ensuring you receive the maximum possible refund. We will stay in touch with you because we are interested in working together and helping you optimize your tax situation.
Other Services
Do You Need Help Registering a New Business?
Free Consultation
Who Does Your Taxes Is Crucial
We guarantee trust, security, convenience, and savings.
We Simplify Your Tax Process
Initial Consultation
We review your financial situation and gather the necessary information to understand your needs and goals.
Preparation and Analysis
We prepare and analyze your financial documents, identifying opportunities for savings and tax optimization.
Peace of Mind and Results
We implement the agreed strategies, allowing you to enjoy the peace of mind that comes with optimized and well-managed finances.
Tax Services 4U by the Numbers.
Years of Experience
Satisfied Clients
Answers to Your Common Questions
In this section, you will find detailed answers to the most common questions about our tax and financial services. Our goal is to provide you with the information you need to feel confident and well-informed about how we can help you manage and optimize your finances. If you have any other questions, please don’t hesitate to contact us.
To prepare your taxes, you will need documents such as W-2s, 1099s, receipts for deductible expenses, additional income information, and forms related to investments or properties. Consult with one of our tax advisors.
The deadline for filing federal taxes in the United States is generally April 15th. However, this can vary if that date falls on a weekend or holiday. Check the IRS website for the exact date each year.
Yes, you can deduct medical expenses that exceed 7.5% of your adjusted gross income. This includes payments to doctors, hospitals, medications, and other qualified medical services. Consult with your tax advisor to determine if your expenses qualify.
To maximize your tax refund, make sure to take advantage of all available deductions and tax credits, such as education credits, medical expenses, and retirement contributions. A tax advisor can help you identify all opportunities to maximize your refund.
If you cannot pay your taxes on time, you should file your return by the deadline to avoid late filing penalties. You can request a payment plan from the IRS to spread your tax debt into manageable monthly payments.
Selling a property can have significant tax implications. You may be subject to capital gains taxes. However, there are exclusions for the sale of a primary residence if you meet certain requirements. Consult with your tax advisor to understand how the sale will affect your tax situation.
