Are you looking for experienced and the best local tax preparers located in Garland, Texas area?
You Got it. For your tax service and tax planning Kwik Refund Tax Service Inc., established in 2005 is an expert in tax preparation, and are available for your services. We specialized in:
S-Corporation Tax
An S-Corporation, or Sole Corporation, is a special designation carved out of the U.S. tax code for small businesses. When you see "Inc." at the end of a business name, it means that business is a corporation and signifies that the business is a separate entity from its owners and must file its tax.
C-Corporation Tax
According to IRS for federal income tax purposes, a C-Corporation is recognized as a separate taxpaying entity from its owners and must file its tax. A corporation conducts business, realizes net income or loss, pays taxes, and distributes profits to shareholders.
Limited Liability Company Tax
The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS. As the sole owner of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it with your 1040 tax return.
Partnership Tax
A partnership company is owned by two or more people. Each person contributes resources and shares the profits and losses. The company is not subject to federal income tax. Rather, its owners are subject to Federal income tax on their share of the profit. Form 1065 is used to calculate a partnership's profit or loss.
Small Business with 1099
Business owners must issue a Form 1099-NEC to person whom they have paid at least $600 in services, contractors, etc. You don't need to issue 1099s for payment made for personal purposes. You are required to issue 1099-NEC reports only for business payment. And the recipient must report the 1099 as Schedule-C.
Individual 1040 Tax
1040 is the standard Internal Revenue Service (IRS) form that individual taxpayers use to file their annual income tax returns. The form contains sections that require taxpayers to disclose their taxable income for the year to determine whether additional taxes are owed or whether the filer will receive a tax refund
According to the Internal Revenue Service (IRS) there are four categories of tax professionals
that are qualified to help you file your taxes. They are ...
Registered Tax Return Preparers (RTRPs):
A Registered Tax Return Preparer must pass a competency exam issued by the IRS. The exam covers individual tax returns including Form 1040 and related schedules, but it does not cover business returns. In addition, RTRPs can only represent clients in an IRS audit if they have prepared and signed the return in question. We are an IRS RTRP
Enrolled Agents (EAs):
An enrolled agent is a professional who is licensed by the IRS and trained in federal tax matters. EAs have unlimited practice rights, so they can represent any type of client and any tax matter. EAs must pass a 3-part exam from the IRS that tests their knowledge on individual and business tax returns, taxpayer representation, and IRS recommended practices and procedures.
Certified Public Accountants (CPAs):
CPAs must pass the Uniform CPA Examination and must be licensed by their practicing state board of accountancy, the District of Columbia and U.S. territories. CPAs are held to specific board requirements that enforce continuing education, ethical standards, and experience. Like EAs, CPAs also have unlimited practicing rights and can represent any client for various tax matters, including tax audits, IRS payment and collection issues, and appeals).
Attorneys:
Tax attorneys must be licensed by a state court or the state bar. Attorneys generally hold a law degree, pass the bar exam, and stay up to date with continuing education programs. Many attorneys are also CPAs- focusing on tax planning and preparation. Attorneys also have unlimited representation. So. like EAs and CPAs, they can represent any client for a variety of tax matters.
Let Kwik Refund Tax Service, Inc., help you with your tax preparation and or tax planning this year. We provide high quality tax preparation services for C-Corporation, S-Corporation, Partnership, Limited Liability Company taxes and individual 1040 taxes, accurate with maximum return guarantee for individual tax and small business with 1099 NEC forms, both federal and nationwide state income tax services. We specialized in all IRS tax forms which include 1040, 1040EZ, 1099 and 1099G, 1098, 1065, 1120, 1120S, 990, Schedule E, W4, W7, etc. Get in touch with us!
