Tax Services
Unlock Business Growth and Optimize Tax Savings with Our Comprehensive Accounting and Corporate Tax Services.
Maximize Your individual Tax Savings and Financial Peace of
Mind with Our Expert Individual Tax Services
At Nation Wide Trust Finance LLC, our Tax Services encompass a wide range of professional services designed to assist individuals and Business in navigating the complexities of tax regulations, compliance, and planning. These services are aimed at ensuring taxpayers accurately report their income, deductions, and credits while minimizing their tax liability and maximizing their potential refunds. Tax professionals who provide these services typically have extensive knowledge of the tax code and stay up-to-date with the latest changes and developments.
Our CORE Tax Services include:
- Tax Preparation and Filing: Tax professionals assist individuals/business in the accurate and timely preparation and submission of their annual tax returns. They ensure that all applicable tax forms are completed and filed with the appropriate government authorities. This includes federal, state, and local tax returns, as well as any required international filings for expatriates or individuals with foreign income.
- Tax Planning and Strategy: Tax professionals help individuals/business develop and implement tax planning strategies that aim to minimize tax liabilities and maximize potential refunds. This may include advising on retirement account contributions, charitable giving, investment strategies, and other financial decisions with tax implications.
- Amended Returns and Prior-Year Tax Filing: Tax professionals assist individuals/business in correcting and amending previously filed tax returns or in filing past-due returns. They help taxpayers understand the consequences of late or amended filings, work to minimize penalties and interest, and ensure compliance with tax regulations.
- Tax Credits and Deductions: Tax professionals help individuals/business identify and maximize applicable tax credits and deductions, such as the Earned Income Tax Credit, Child Tax Credit, education-related tax benefits, and various itemized deductions. They ensure that taxpayers claim all eligible credits and deductions to reduce their tax liability.
- Expatriate, International Tax Services and Non-residence status: For individuals who live or work abroad and for those having non-residence status such as F1 visa holder etc., tax professionals provide specialized services to address the unique tax complexities of cross-border situations. This includes foreign income reporting, tax treaty benefits, foreign tax credit calculations, and assistance with tax equalization policies.
For Corporate. 1120, 1120s, 1065
For businesses in the United States, several specific types of tax returns can be filed depending on the business structure and other factors. Here are the most common forms:
Form 1040 Schedule C – This form is used by sole proprietors and single-member LLCs to report profits or losses from a business.
Form 1065 – Used by partnerships and multi-member LLCs to report their income, deductions, gains, losses, etc. Each partner receives a Schedule K-1 showing their share of the business’s income and losses to report on their personal tax return.
Form 1120 – The U.S. Corporate Income Tax Return is used by C corporations to report their income, gains, losses, deductions, and credits and to figure out their income tax liability.
Form 1120-S – Used by S corporations to report income, losses, deductions, credits, etc. Like partnerships, S corporations pass through most income and losses to their shareholders who report it on their personal tax returns. Each shareholder’s share is reported on a Schedule K-1.
Form 990 – Non-profit organizations use this form to provide the IRS with the information required by section 6033.
Our comprehensive corporate Accounting includes corporate Tax services, deliver unmatched value by streamlining your financial processes, minimizing your tax liability while maximizing compliance and tax savings, all while providing actionable insights to drive informed decision-making, from planning to filing, we’re with you every step of the way.
In addition to our CORE tax service, corporate tax services encompass a wide array of solutions designed to help businesses navigate the complexities of corporate tax law, ensuring compliance and optimization. These services are tailored to meet the unique needs of businesses, taking into consideration the specific industry, business structure, size, and other relevant factors.
- Tax Planning: This involves developing effective strategies to minimize a corporation’s tax liabilities while maximizing tax benefits. It may include profit repatriation strategies, tax loss utilization, and planning for mergers and acquisitions.
- Tax Provision Services: These services include assistance in preparing and reviewing a company’s tax provision in accordance with accounting standards. This also involves the calculation of effective tax rate, deferred taxes, and disclosure notes.
- State and Local Tax Services: These services assist businesses in managing their state and local tax obligations, which can be particularly complex given the variety of tax rules across different states and municipalities.
- Tax Due Diligence: For businesses involved in mergers and acquisitions, tax due diligence can identify potential tax liabilities and opportunities associated with the transaction.
- R&D Tax Credit Services: Some businesses may be eligible for tax credits for research and development. Professionals can help identify qualifying activities, calculate the credit, and support the claim during a tax audit.
These services, individually or in combination, can significantly improve a company’s tax efficiency, ensure compliance, and reduce the risk of penalties and interest related to late or incorrect filings. By partnering with a tax services provider, businesses can focus on their core operations while enjoying the benefits of expert tax management.
For individual. 1040, 1040NR
Navigating the complexities of personal taxes can be a daunting task, but our professional individual tax services offer unparalleled value by simplifying the process and ensuring you take advantage of every available opportunity. We provide tailored tax solutions, personalized advice, and accurate filing, so you can focus on what matters most while enjoying the benefits of expert tax management.
Maximize Your Tax Savings and Financial Confidence with Our Expert Individual Tax Services.
By partnering with our experienced tax professionals, you can expect:
- Personalized Tax Strategies: We take the time to understand your unique financial situation, crafting tailored tax strategies that align with your goals and priorities. By maximizing deductions and credits, we help you reduce your tax liability and achieve significant savings.
- Accurate and Timely Filing: Our team ensures the accurate and timely preparation and filing of your tax returns. We meticulously review all documentation and calculations, minimizing the risk of errors and penalties while complying with all federal, state, and local tax regulations.
- Comprehensive Tax Planning: Our knowledgeable tax professionals work closely with you to develop customized tax strategies that maximize deductions, credits, and other tax-saving opportunities. By taking a proactive approach to tax planning, we help you minimize your tax liabilities and optimize your financial decisions.
- Expert Tax Advice: Our tax professionals provide personalized advice and guidance on a wide range of tax-related topics, from income tax and capital gains to retirement planning and estate tax. We help you understand the tax implications of your financial choices and provide strategic insights to enhance your overall financial well-being.
