Tax Preparation
Let us take the hassle of you filing your income tax return(s) yourself or worst filing with someone who's going to put illegal deductions on your tax return(s) just to get a higher refund. At Rapid Tax & Bookkeeping Services (RTABS) we pride ourselves on accuracy, customer service, and legitimate deductions for our clients. Having to owe the Internal Revenue Service (IRS) back taxes for deductions that you were not suppose to take is costly! Get them done RIGHT the first time with RTABS.
Personal Income Tax
We file all personal income tax returns 1040EZ, 1040A, and 1040. Usually individuals that file 1040EZ do not have any itemized deductions or dependents. The type of tax form that's used depends on your individual tax situations. With 1040A individuals that have dependents and are itemizing can use this form but the itemized deductions are limited. On 1040 you can fully itemize your deductions and if you're filing a Schedule C then this is perfect for your needs. To schedule an appointment click here and select the correct tax form you may need. If you don't know what tax form it is that that you need just go with the 1040 to be on the safe side.
Self-Employment Tax
If you are self-employed, have a single member LLC, get paid cash for services rendered, or receive 1099 you would file a form Schedule C. The Schedule C is similar to a corporate tax return but it's filed on form 1040 and is due the same time that your personal tax returns are due. With a corporate tax returns 1120 and 1120S are due in March. All income and expenses must be accounted for, if you don't have an accounting/bookkeeping system in place we can set one up for you. If you have a shoe box or bag full of receipts we can help with that too. To schedule an appointment click here and select Self-Employment.
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Corporation Tax
We file 1120 for all businesses that have not filed for their S-election or cannot file for an S-election due to the nature of their business. With an 1120 there's double taxation, corporate tax and personal tax for all share holders/officers of the corporation. You must file your corporate tax return by March 15th to avoid a penalty for late filing. All under payment of corporate taxes are due at that time as well. To schedule an appointment click here and select 1120 Business.
S-Elect Corporation Tax
We file 1120S for all corporations that have file there S-election and have been accepted. We will need proof of your S-election if it was not filed with our office, we've had several cases where a company have been under the impression that they were an S-election and this was further from the truth. Thus, to be on the safe side we require documented proof. All 1120S/corporate tax returns filing are due March 15th. However, the income/losses does pass through to the shareholders/officers of the corporation personal tax return. Therefore, you would be taxed on a personal tax level only no double taxation. To schedule an appointment click here and select 1120S Business.
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