Individual, Corporate, Business, Estate and Non-Profit Income Taxes
There are no income tax returns too simple or complicated for us. We prepare individual non-itemized1040s all the way up to Partnerships and Corporate 1120s. We also provide estate and non-profit consultation and tax preparation. Bring your return in and get the service, preparation and consultation you deserve from a CPA. We electronically file all returns at your request and honor appointments as well as document drop-offs. Weekend hours are available and we are in the office during all months of the year.
IRS and State Tax Resolution --- Release of Levies, Liens and State License Holds
You might be getting very unfriendly financial notices from the IRS or State. Or perhaps you found out that you can't renew your driver's license, professional license or registration. These problems are usually caused by not filing one or many tax returns over a period of time. Eventually, the computers at the Federal and State authorities figure it out and years later you get a very large (and often incorrect) tax bill. This can cause you to get legal notices as well as legal liens against you personally. These liens and levies don't go away and interest and penalties needlessly pile up on taxpayers.
Even if you don't have the information you need to prepare those years, we can work with the IRS and State to get the information they have on file (such as W2s and 1099s). Once we have those documents, we can prepare the unfiled years and you would then qualify for a payment plan or tax solution. Often, once we file your missing returns, we can make a phone call to stop a levy or lien and get you in the installment agreement.
IRS Audit Representation
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at ease. We are ready and willing to answer any and all questions the IRS may be asking of you.
Quickbooks Accounting Help and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.
Preparation and analysis of financial information which is reported to internal and external users via financial statements.
Helping our clients implement a computerized payroll system can help reduce overhead administrative costs and improve functionality in processing timely payments thus creating a useful tool that will help in the preparation of your tax returns.
Cashflow and Budget Analysis
For any business, cash flow is a key component to help a business continued success. Without understanding forecasts, budgets, and where your uses are being placed, it is hard to see the full picture. We want to help you come up with a budget forecast that makes sense and will carry you and your business forward. A balance of cash flow will ensure that you are on the right track to a positive outcome. We will provide a full budget analysis and help you make the right decisions, from restructuring your operational work flow to major organizational changes.
Limited Payroll Services
Federal Hill Income Tax will assist you in preparing and filing payroll forms W2, W3, 941, 940, 506, 508 and 1099s.
Electing S-Corp Status
Assists business owners with converting their LLC's to a more tax effective S-Corp.