Tax Preparations

By planning your taxation and providing you with tax reduction advice, our tax experts enable you to minimise and manage your tax responsibilities.
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Individual tax returns

Whether an US citizen, H1B employee or a non resident, we do tax preparations for all categories of indivudal taxpayers.

C Corp tax returns

We do tax preparations for C Corps having US and foreign owners including LLCs elected to be treated a C Corps.

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Pass through entities

We do tax preparations for pass through entities such as S Corp & Partnerships inlcuding preparations for K1, K2 & K3.

Not-for-profit Org.

We do tax preparations for not-for-profit organizations, private foundations, churches, 501(c)(3) organizations.

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Sales use tax returns

We assist with nationwide sales tax filings and registrations, along with exemption and reseller certificates.

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Tax Resolution

We handle various tax resolution matters such as OIC, installment agreements, and much more.

Wide range of tax preparations covered

Tax laws have been evolving with time and getting more complex. Considering the current complex tax system, it's always advantageous to consult an expert before filing a tax return with the IRS to avoid any audit issues.

For maintaining your tax preparation, we have cutting-edge software and technical expertise. Our experts assist you with consulting services, tax preparation, tax planning, and the resolution of challenging corporate challenges.

Our Core Services

Individual tax returns

Form 1040, Form 1040NR, H1B employees, Expat tax returns, Schedule C, Form 2553, Capital Gains, Fbars FINCEN 114, Form 8938, State tax returns across the United States, International tax reportings and much more.

C Corp tax returns

Form 1120, Form 1120F, International transactions with foreign owners Form 5472, Form 5471, State tax returns across the United States, International tax reportings and much more.

Pass through tax return

S Corp tax retruns Form 1120S including K1, Partnership tax returns Form 1065 including K1, Foreign owners compliances Form 8804, Form 8805, tax withholding compliances, State tax returns across the United States and much more.

Not-for-profit Organzations

Preparing forms 990N, 990EZ & 990 full tax returns for all kinds of 501(c)(3) organizations, churches and also assisting in tax exemption status with the IRS.

Payroll tax returns

Preparing all payroll tax forms with the IRS such as Form 940, 941, 941X, 943, 943X, 944, 941PR, state quarterly wage reports and withholding tax returns across the United States and much more.

Sales & Use tax returns

Preparing sales use tax returns across the United States and assisting in obtaining nationwide sales tax registrations, reseller and exemption certificates for e-commerce sellers like Amazon, Ebay, or any other e-commerce operator.

Offer In Compromise

We assist with Offer in Compromise submission with the IRS and filing out the OIC forms along with relevant documentation as evidence to prove assets, income, and personal expenditure necessary to have a successful OIC.

Installment Agreement

If you are unable to pay your tax bill due to financial issues, we can assist in obtaining installment agreement with the IRS so that you are fully complied with the tax laws even in the m,ost difficult times of your finanical distress.

Penalty abatements

If you filed your tax returns late, you might be eligible for penalty abatements, which can provide you instant relief in less than 24 hours once we receive your documents for processing to obtain penalty abatements.

Individual tax returns

Form 1040, Form 1040NR, H1B employees, Expat tax returns, Schedule C, Form 2553, Capital Gains, Fbars FINCEN 114, Form 8938, State tax returns across the United States, International tax reportings and much more.

C Corp tax returns

Form 1120, Form 1120F, International transactions with foreign owners Form 5472, Form 5471, State tax returns across the United States, International tax reportings and much more.

Pass through tax return

S Corp tax retruns Form 1120S including K1, Partnership tax returns Form 1065 including K1, Foreign owners compliances Form 8804, Form 8805, tax withholding compliances, State tax returns across the United States and much more.

Not-for-profit Organzations

Preparing forms 990N, 990EZ & 990 full tax returns for all kinds of 501(c)(3) organizations, churches and also assisting in tax exemption status with the IRS.

Payroll tax returns

Preparing all payroll tax forms with the IRS such as Form 940, 941, 941X, 943, 943X, 944, 941PR, state quarterly wage reports and withholding tax returns across the United States and much more.

Sales & Use tax returns

Preparing sales use tax returns across the United States and assisting in obtaining nationwide sales tax registrations, reseller and exemption certificates for e-commerce sellers like Amazon, Ebay, or any other e-commerce operator.

Offer In Compromise

We assist with Offer in Compromise submission with the IRS and filing out the OIC forms along with relevant documentation as evidence to prove assets, income, and personal expenditure necessary to have a successful OIC.

Installment Agreement

If you are unable to pay your tax bill due to financial issues, we can assist in obtaining installment agreement with the IRS so that you are fully complied with the tax laws even in the m,ost difficult times of your finanical distress.

Penalty abatements

If you filed your tax returns late, you might be eligible for penalty abatements, which can provide you instant relief in less than 24 hours once we receive your documents for processing to obtain penalty abatements.

Work Process

Submit a simple application
with details about your business.
Choose a company type and a state.

The first step is to decide in which state you want your business to incorporate in. Next, the legal entity type within that state. There are benefits to each choice and we've laid out some information below to help you decide. The most common option is an LLC incorporated in Delaware.

  • LLC. A limited liability company is an organizational business structures in the United States that helps business owners separate their personal liabilities from the business liabilities.
  • Delaware. The gold standard for startups planning to raise funding from angel investors and venture capital firms. Most Fortune 500 companies are incorporated in Delaware.
  • Wyoming. Great state for smaller, privately controlled companies. Extremely low cost, very manageable, and flexible as your company grows.
Submit a simple application
with details about your business.
Choose a company type and a state.

The first step is to decide in which state you want your business to incorporate in. Next, the legal entity type within that state. There are benefits to each choice and we've laid out some information below to help you decide. The most common option is an LLC incorporated in Delaware.

  • LLC. A limited liability company is an organizational business structures in the United States that helps business owners separate their personal liabilities from the business liabilities.
  • Delaware. The gold standard for startups planning to raise funding from angel investors and venture capital firms. Most Fortune 500 companies are incorporated in Delaware.
  • Wyoming. Great state for smaller, privately controlled companies. Extremely low cost, very manageable, and flexible as your company grows.
Submit a simple application
with details about your business.
Choose a company type and a state.

The first step is to decide in which state you want your business to incorporate in. Next, the legal entity type within that state. There are benefits to each choice and we've laid out some information below to help you decide. The most common option is an LLC incorporated in Delaware.

  • LLC. A limited liability company is an organizational business structures in the United States that helps business owners separate their personal liabilities from the business liabilities.
  • Delaware. The gold standard for startups planning to raise funding from angel investors and venture capital firms. Most Fortune 500 companies are incorporated in Delaware.
  • Wyoming. Great state for smaller, privately controlled companies. Extremely low cost, very manageable, and flexible as your company grows.

FAQ

Employee retention tax credit abbreviated as “ERC” is a retroactive refundable tax credit provided by the CARES Act in 2020 for supporting businesses to retain employees in  2020 & 2021.

Employers who were impacted as follows are eligible for ERTC:

1. full or partial suspension orders by the Government, or

2. Had significant decline in sales, or

3. Started business operations after 02/15/2020, or

4. Severely financially distressed employer

Employee retention tax credit (ERC) are not taxable but the employers are required to reduce wages declared on income tax returns for respective years for which Employee retention tax credit have been approved by the IRS. You will have to file an amended income tax return in most cases.

Employee retention tax credit (ERC) can be claimed until Q3 2021 for businesses other than recovery startups & severely financially distressed employer. If your business qualifies as recovery startups or severely financially distressed employer , then you can be eligible for Q3 2021 & Q4 2021 Employee retention tax credit (ERC).

The lawmakers passed Infrastructure Act (Bipartisan Law) to restrict the businesses from claiming Employee retention tax credit (ERC) beyond Q4 2021. There are no signs for ERC to be extended for 2022 despite businesses are still struggling to get back with normal operations.

Yes, Non profit organizations are equally eligible as other for profit businesses to claim Employee retention tax credit (ERC).

Yes, even if you incorporated or started your business operations in 2020, you are still eligible for Employee retention tax credit (ERC) under normal eligibility route or recovery startup business.

Yes, employers who have availed PPP loan forgiveness are still eligible for Employee retention tax credit (ERC). However, no double dipping of payroll costs as declared on PPP loan forgiveness applications.

As per Constructive ownership rules, owners having more than 50% interest in the business are not eligible for Employee retention tax credit (ERC). However, other non related employees can still be eligible for Employee retention tax credit (ERC)

let's talk

about your next tax credit


    At IncenCred, we unravel tax complexities with unmatched expertise. From challenging IRS disputes to international tax intricacies and comprehensive accounting, our proven track record establishes us as leaders in tax consulting. We’re your partners in clarity, strategy, and success.

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