At Public Tax Corp, we specialize in small business tax preparation, small business accounting, and resolving business tax complications with the IRS & state tax authorities.
To start with our business tax preparation follow these easy steps:
Once you complete these easy steps we will review your profile & Business Organizer and will get back to you shortly. No worries, if anything else needs to be done we'll navigate you step by step from this point.
At PUBLIC TAX CORP, we keep up with changes in the tax laws and are always looking for new ways to help our clients keep more money in their hands instead of sending it to the IRS. Whether you own an LLC, S-Corporation or C-Corporation LLC, we have the skills to prepare your taxes in compliance with all Federal and State tax laws. We offer prompt, efficient preparation of all types of returns including business multi-state taxes and individual income tax returns.
Form-1120S with supplemental schedules & Forms K-1. Due date: March 15th, unless the entity is on a fiscal calendar year or filed an extension (Form 7004).
Form-1120 with supplemental schedules. Due date: April 15th, unless the entity is has elected a fiscal calendar year or filed an extension (Form 7004).
Form-1065 with supplemental schedules ´ Forms K-1s. Due date: March 15th, unless the entity is on a fiscal calendar year or filed an extension (Form 7004).
"Single owner" LLCs & Self employed individuals are not filing a separate business tax return but required to report their business income on the Schedule C attached to the personal tax return.
No one likes the thought of preparing taxes. Business owners know the time spent working on them takes away from other business priorities. It is crucial to be as efficient as possible regarding tax preparation. There is a checklist for businesses to follow. It ensures the tasks needed to avoid problems with the IRS and state and local authorities.
For most C-corporations and individuals, the filing deadline for 2022 tax returns is April 18, 2023. For most of S-Corporations, LLCs, and Partnership tax returns are due March 15, 2023. The IRS requires different forms based on the type of business entity. Sole proprietorships and LLCs with a single owner file a profit and loss statement on Schedule C, filed with the person's personal tax return – Form 1040. LLCs with multiple owners, partnerships, and S-Corporations file a profit and loss statement on Form 1065 or Form 1120S.
Businesses are required to report the income they acquire. The IRS has ways to verify the amount reported. Therefire, it is crucial to report correct information and documentation. You need to keep the records of receipts for the sale of goods or services, any goods returned,or business related expences.
Tax preparation is not fun for most businesses, but it must be done. The information above helps gather the needed information. Let the tax professionals at Public Tax Corp help file your business tax returns.