Tax Preparation Services Maryland

Successfully Providing Public Accounting Services for 30 + Years

Professional Tax Planning Services & Return Preparation

Tax planning and tax return preparation services for individual, small business and corporate clients is a core competency of the firm.

 

Effective tax minimization begins with long-term tax strategizing to establish overall objectives and is maintained with conscientious and consistent annual tax forecasting and mid-year tax planning.

Tax Preparation Services

Every individual, single or married, with or without dependents, who earns a certain minimum amount of income, is required to file an annual tax return on one of the forms: 1040, 1040A, 1040EZ, 1040NR and 1040NR-EZ.

C-corps are taxed as separate legal entities and normally file their tax returns on form 1120.
Certain business entities such as limited liability companies or partnerships opt to be treated as an S corporations for tax purposes, which enable them to channel their net business income or loss through their owners or member’s individual tax returns via Form K1.
Partnership tax returns are filed on Form 1065 but it does not pay tax at the partnership level. Instead, partnerships are considered as a channel through which business profit or loss passes through to the respective partners via Form K1, and is included in their respective individual tax returns.
Non-profit organizations may include charitable organizations, religious institutions, trade and member organizations, universities, hospitals etc. and are normally exempt from federal and state income tax, except for unrelated business activities. Informational tax returns are filed mainly using form 990, 990EZ or 990N.