a) Tax Planning and Preparation
Develop tax strategies, locate deductions, credits, and exemptions, and prepare correct and timely tax returns to help individuals and businesses maximize their tax positions. This entails acquiring pertinent financial data, finishing required tax forms, and verifying adherence to relevant tax rules and regulations.
b) Adherence to Tax Laws
We keep you informed about modifications to tax laws and rules at the federal, state, and local levels to help you deal with the intricacies of tax compliance. Give instructions on how to file taxes, pay estimated taxes, and fulfil other compliance needs.
c) Tax Consulting
We provide tax advice and direction on a variety of activities, including business expansions, mergers and acquisitions, investment choices, and restructuring. assist clients in recognizing the tax consequences of these actions and create plans to reduce tax obligations.
d) Representing Clients throughout Tax Audits
We Represent clients throughout tax audits carried out by tax authorities. Assist in gathering evidence, responding to auditor questions, and, if required, settlement negotiations.
e) Tax Resolution and Problem Solving
Assist clients in resolving tax problems such back taxes, tax fines, and tax debt. Give advice on the choices that are open to you, such as payment plans, offers in compromise, or requests for penalty reductions, and help you negotiate a favorable settlement with the tax authorities.
f) Tax Filling
In the United States, various tax return forms cater to different individuals and entities. We help you file the appropriate tax form. Here is a summary of common types: Form 1040: Standard for most individuals, reports income and deductions. Form 1040-NR: Used by nonresident aliens and foreign nationals with U.S. income. Form 1065: Partnerships report income; partners report it on their individual returns. Form 1120: Corporations (C corps) report income and pay federal corporate tax. Form 1120-S: S corporations pass income through to shareholders' individual returns. Additionally, most states have their own tax returns for state income taxes, which vary by state. We help you file the correct form for tax compliance.