If you are looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Our firm is large enough to offer you a full range of professional services, but small enough to give you the individual attention that you deserve.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
We provide a FREE REVIEW of your last three (3) years of filed income tax returns!
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. TaxPros & Realty Group’s accounting services steer you closer to these goals with accurate record keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
These services include, but are not limited, to:
- General ledger and financial statement preparation
- Bookkeeping (monthly, quarterly, or annual)
- Accounting system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements
- Employee benefit and profit-sharing plans
- Corporate tax planning and return preparation
- Litigation support
We can set up financial reports for your view to streamline your business and save you valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance.
What if you’ve sent your income tax return for a previous year and then discover that you or the person who prepared it made a mistake? We can correct this by filing an amended tax return.
At TaxPros & Realty Group we do the work for you. We specialize in providing apartment listings for both furnished and unfurnished apartments, and/or room rentals. Our vast selection gives you unlimited choices in neighborhood apartment size and building type. Let TaxPros & Realty Group list your apartment today!
Audits, Reviews, and Compilation
TaxPros & Realty Group’s financial statement services comprise all three levels of assurance depending on your company’s needs.
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors and ascertain the validity and reliability of your information.
Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
Compilations are usually requested for internal purposes and are based upon information provided by a company’s management. They do not offer assurance but may involve some adjustment to accounting records.
Business Formation (LLC, Corporation)
TaxPros & Realty Group can help you form your business structure and file its appropriate paperwork. The two main types of businesses in the United States arethe corporation and the limited liability company (LLC). TaxPros & Realty Group can form three types of businesses in accordance with federal and state laws.
Corporations are classified as either C corporations or as S corporations. Both corporation types are taxed differently by the U.S. Internal Revenue Service (IRS) based on whether they satisfy certain criteria stipulated in its Internal Revenue Code (IRC).
C corporations are typically larger companies with numerous shareholders, and they are often, though not always, publicly traded. The profits of C corporations are taxed twice. Moreover, the corporation must pay income tax on its profits, and its individual shareholders must pay income tax on any distribution of profits (e.g. ordinary dividends) they receive from the corporation.
S corporations are typically smaller privately held companies. The profits of an S corporation are taxed only as distributions to the shareholders. However, in order to attain this preferable tax status, certain requirements must be met. Above all, the tax code restricts the number of shareholders to 100. Moreover, all shareholders must have a Social Security Number (SSN), which may be obtained only by U.S. citizens, permanent residents, or temporary residents with non-immigrant visas that permit employment in the U.S. Should an S corporation fail to satisfy these requirements, the IRS will consider it a C corporation and tax it as suchaccordingly.
Limited Liability Companies (LLCs) share some of the above-mentioned corporations’ core characteristics, but they hold a few advantages for the foreign investor. As with corporations, LLCs offer limited liability for its owners (called “members”). Thus, the members are usually only financially responsible for the debts of the LLC up to the amount of their respective capital contribution. At the same time, the LLC is financially responsible only for its debts and liabilities, not for those of its members.
The greatest single advantage of the LLC over corporations with regard to taxation is that its profits are only taxed as distributions to its members regardless of whether all its membershave Social Security numbers or any kind of visa.
This rule is particularly important when a business has several owners and not all owners have a Social Security number or a visa permitting employment in the U.S. It is also useful when the owner wishes to return home upon expiration of his or her visa, but without selling off the enterprise. In such a case, the owners of the corporation would lose their preferable S corporation tax status, and all profits would be taxed twice under the less desirable C-corporation status. The owners of an LLC would not be affected in either case.
Corporation & Business Tax
Businesses today need a strong network of support from advice about tax issues and employee benefits to technological and marketing assistance. As your financial advocate, TaxPros & Realty Group provides the accounting support you need. By focusing on ways to maximize tax savings, utilizing the most effective technologies, and maintaining an impeccable reputation, we support your success at every step. We specialize in small-business and large-business taxes.
Healthy credit is your best investment; a good credit score is more valuable nowthan ever before. As lending markets thaw, people with superior credit ratingsobtain financing more easily and freely than those without them. Moreover, they can obtain leverage in what could be the best wealth-creating environment in generations.
Many consumers are under the impression that nothing can be done to improve their credit score. Luckily, this is not true. Federal law gives you the right and opportunity to remove or correct misinformation on your credit reports. Ultimately, you are responsible for assuring that your credit reports accurately represent your behavior as a consumer.
If your credit reports contain misinformation, TaxPros & Realty Group is here to help you restore your credit score. Our company has helped many clients just like you repair their credit, and our staff is passionate about helping you get a better credit score. Our credit consultants will review and walk you through your report step by step. Checking your credit report often can not only help you find errors, but it can also help you catch identity theft in its early stages.
EIN (Employer Identification Number)
An EIN is also known as a federal tax identification number or Employer Tax ID number. It is used to identify a business entity. Employers with employees, business partnerships, and corporations and other types of organizations must obtain an EIN.
All businesses are required to pay federal, state, and in some cases, local taxes. Most businesses will need to register with the IRS and state and local revenue agencies, and receive a tax ID number or permit to do business. At TaxPros & Realty Group, we can apply for and obtain an EIN for you within 24 hours.
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients through issues they may have with the IRS and state tax agencies. If you have been selected for an audit, the professional representation you will find with TaxPros & Realty Group can ease your worries. We are both ready and willing to answer any and all questions the IRS may be asking of you.
ITIN (Individual Tax Identification Number)
Individual Taxpayer Identification Numbers were created for foreign investors and visitors who owe taxes but are not eligible for a Social Security number. ITINs have recently been the subject of much scrutiny as a large number of undocumented aliens were able to obtain them. ITINs enable undocumented immigrants to legally file taxes in the United States, even if they lack the appropriate immigration status. The Individual Taxpayer Identification Number is a tax number issued by the Internal Revenue Service. It is only issued for tax purposes and it is not related to the USCIS or the Social Security Administration.
Liens, Wages & Garnishments Removal
When the IRS files a lien, your credit rating and title on your real estate are both harmed. In many cases, we can expedite the release of liens to help clear your credit and remove the encumbrance from your property.
The IRS can take up to 25% of your disposable income, which really is not disposable. Wage garnishment, also called “administrative wage garnishment,” can be avoided or stopped if you know the right laws and procedures.
To collect back taxes, the IRS can seize almost anything you own. You do have rights and options, of which our professionals can help you take full advantage. On the day you call us, we can usually stop IRS wage levies and garnishments. We understand that you cannot afford to hand over your entire check to the IRS. If they have levied your bank account, we can help.
Personal & Self-Employed Tax
High net-worth individuals require sophisticated tax planning. The TaxPros team will help you implement creative solutions that maximize your wealth. The aim of our personal taxation financial analysis specialists is to minimize your tax liabilities while helping you develop a plan that will allow you to attain long-term financial security. We will gain a full understanding of your personal circumstances and will then develop a comprehensive plan to blend and meet the objectives to each.
If you are in business for yourself, or if you carry on a trade or business as a sole proprietor or an independent contractor, the IRS considers you self-employed. We would file a Schedule C or Schedule C-EZ with your Form 1040.
Successful sales and use tax audit representation requires specialized expertise. Often, sales and use tax is not a major area of concern until a company receives a large unexpected assessment, or an audit notice. By then, companies are in a reactive, “damage control” mode.
It is nearly impossible for busy corporate tax managers to track and analyze the impact of rapidly changing sales and use-tax laws; this is what state and local sales-tax and use-tax professionals do. TaxPros & Realty Group will work to ensure that your organization is in compliance while minimizing tax liabilities and internal compliance costs.
Tax Debt (Offer in Compromise)
In certain circumstances, the IRS will settle your tax debt for less than what you owe, even for as little as pennies on the dollar. Our experts can prepare all applicable forms and assist you with the IRS throughout this complex process of filings and negotiations. Our rates are competitive and are based on the size and complexity of your case.
Tax Management Services
At TaxPros & Realty Group, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to meet your financial goals. Our expertise, experience, analysis and thorough research foster the ability for us to optimize financial opportunities found in existing as well as recently altered tax laws. We keep abreast of the latest tax developments and can make sense of your receipts, bills and notices.