Corporate Tax Returns
We prepare all corporate tax returns. This includes returns for: Sole Proprietors; Partnerships; Corporations, LLCs, and Non-Profits
Sole Proprietors are included on Federal 1040 Returns
We file forms 940, 941; Payroll taxes; and W2's; 1096's
We prepare and issue 1099's and W2's
We process W4's, W9's, and I9's
New to these forms, get a preview here
With corporations and non- profits, some of the largest penalties are caused by late or non-reporting of tax returns to the governing agencies. Many times, a lot of these penalties can be avoided by sustaining good record keeping and knowing when and how the tax returns and schedules should be filed.
If you want to avoid or have had corporate tax issues in the past due to any of the above, reach out to us now!
Are You a Partnership and How do You File?
A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the business
A partnership must file an annual information to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax
Instead, it "passes through" any profits or losses to its partners. Each partner includes his or her share of the partnership's income or loss on his or her tax return
When to File?
Tax Filing is part of the business operation. Filing on time and issuing forms on time keeps everybody happy. So, schedule this activity ahead of time
Corporations
Non-Profits
May 15th of the year is the deadline to file your tax returns. Can get a 3-month extension
If You Are a Non-Profit, know what a "File Extension" costs you
You can request an extension of time to file if needed. However, an extension of time to file is not an extension of time to pay . You will owe interest on any past due tax and you may be subject to a late payment penalty if timely payment is not made If you don't request an extension, the IRS will assess a penalty of at least $20 for each day your tax form is late
Other Filing Dates
W2's
All W2's must be issued to recipients by January 31st after the end of the tax year
1099's
All 1099's must be issued to recipients by February 1st after the end of the tax year
W3's
All W3's must be transmitted by February 28th after the end of the tax year
1098's, 1099's and W2G's
All 1098's, 1099's and W2G's must be transmitted by March 31st