Every business should have a tax expert to prepare their taxes in such a manner as to ensure they achieve the lowest tax liability or greatest refund. Our experience specializing in small business clients results in tremendous value for you.
Individual Tax Return Preparation
Your personal taxes can start off as something manageable, but as you add more and more, things can get confusing. The experts here at TAHR Services Inc can help you manage your complicated personal taxes and create a plan to move forward into the future.
Business Tax Returns
We will help you establish the best entity type and structure for your business. We provide tax preparation for sole proprietors, limited liability companies LLC, S-Corps and C-Corps. As part of the tax preparation process we will review your situation and make any recommendations to optimize your structure or transactions to reduce taxes. Our experts are well versed in the new tax law including QBI 20% deduction and section 199A and will remain current with changes to the IRS guidelines as this law evolves.
Partnership & Corporate
What Is a Corporate Income Tax? A corporate income tax (CIT) is levied by federal and state governments on business profits. Many companies are not subject to the CIT because they are taxed as pass-through businesses, with income reportable under the individual income tax. Corporate tax is an expense of a business (cash outflow) levied by the government that represents a country’s main source of income, whereas personal income tax is a type of tax governmentally imposed on an individual’s income, such as wages and salaries.
Businesses in U.S. broadly fall into two categories: C corporations, which pay the corporate income tax, and passthroughs—such as partnerships, S corporations, LLCs, and sole proprietorships—which “pass” their income “through” to their owner’s income tax returns and pay the individual income tax.
A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax.
Discuss your current business situation with our team of tax experts to ensure you file the proper taxes, on the proper forms, in a timely manner, and that you don’t file when you don’t have to.
Trust & Estate Taxes
When a loved one passes away you don’t want to be burdened with figuring out final tax return requirements and how to file an estate tax return yet the IRS rules require it in a timely fashion. We will make this process and smooth as possible and prepare and file the Estate return while advising you on the moves to make to minimize tax. We also have a deep level of experience with Trust tax returns from simple to complex trusts and strategies around distributions and earnings to minimize the tax burden at the trust and pass-through level.
Multi State Returns
Our team of experts understands life happens. Perhaps you moved, perhaps you own property or businesses in or across multiple states. Regardless of the reason, our experts have a deep understanding of the various state regulations and will ensure you have the advice you need and the preparation of your returns you deserve to limit your tax liabilities or maximize your refund.