Services
Business & Personal Taxes
Taxes
- Address change: Notifying IRS of address change
- Administrative appeal of IRS levies
- Electronic filing is available for most individual returns
- Mailing: “Timely mailing equals timely filing rule applies when you use designated private delivery service
- Paying taxes by credit card
- Penalty: Penalties for late payment or filing
- Penalty: Reasonable cause excuse to avoid civil penalties
- Penalty: Substantial understatement penalty can be avoided by adequate disclosure
- When a taxpayer can’t pay his tax liability
Personal Taxes (Individual Taxes)
Income Tax: Paid by individuals on income earned from salary, business/profession, house property, capital gains, and other sources.
Business Taxes
Corporate Income Tax: Companies pay tax on their profits; rates may differ for domestic vs foreign companies.
Partnership/LLP Taxation: LLPs are taxed at a flat rate; partners may get salary/interest taxed separately.