BUSINESS TAXES AND OTHER ENTITIES
-Serviced by Carlo De Guzman EA and corporations team
Business Consultation and IRS Correspondence Hourly Rate 550
- Minimum 4 hours retainer
Business Comprehensive Base Package 5344
Perfect for start ups and small growing businesses
Includes all base level business necessities:
- business structuring
- business entity tax return
- partner expense coaching
- accounting systems setup and guidance
A La Carte:
Business Structuring 2137
Business Entity Tax Return Base 2200
Accounting Systems and Guidance Base 3325
State Returns: First state inclusive.
- Each additional state 615
K1 Packages: First 2 partners inclusive.
- Each additional partner package 375 on top of hourly for handling and partner follow ups inclusive of the fee.
*Base rate includes basic discovery and information gathering of business entity prior to the actual filing and service of the tax return.
One time initial virtual cabinet setup: per partnership LLC and all corporations 800
(Required to be registered as a client and utilize IRS compliant virtual filing cabinet / e-filing security features; one time lifetime fee and accessible if client status is current and active with our team. Inactive clients over 2 official tax seasons need to register again when returning to our services.)
IMPORTANT NOTE: Business Tax Returns and other entity filings will not be started or prepared until after the initial assessment phone call (Schedule with Carlo here) and engagement letter has been signed.
See below for type of entity that applies and please be prepared to provide:
Partnerships (LLC, GP, LLP)
1. Brief description of your business
2. Articles of Organization documents filed with the state
3. Federal Tax EIN number (provide IRS EIN letter)
4. Partnership operating agreement (showing terms between you and your partner(s))
5. If NOT the first time filing a tax return, please provide a copy of your prior year completed and filed business tax returns
6. Profit and Loss, Balance Sheet, Trial Balance statements, and/or list of all income and expenses (if you already use Quickbooks Online you may also provide us with “Accountant Access” to your financials by sending carlo@richardcolins.com an invitation)
7. Owner Information (must include - name, address, social security number, and percentage ownership for each partner, owner, or member)
8. Fair Market Value of cash and/or property each partner contributed to the Partnership (i.e. initial cash investment into the business)
9. Were there any depreciable assets (i.e. real estate, equipment, fixed assets, improvements etc.)? If yes, please provide:
a. Description
b. Date placed in service
c. Cost
d. Any other information that would be important
e. If Real Property such as Real Estate, we need a copy of the purchase agreement/closing statement (Both Purchase Agreement and H.U.D. closing statement)
S Corporation (If LLC elected to be treated as an S Corp we will need Partnership documents)
1. Brief description of your business
2. Certificate of Incorporation documents filed with the state
3. Corporate By Laws, Minutes, and Stock Issuance documents
4. Federal Tax EIN number (provide IRS EIN letter)
5. S Corporation Acceptance Letter (IRS Letter CP261) - this is received from the IRS after you have sent in IRS Form 2553 election to be treated as an S Corporation
6. If NOT the first time filing a business tax return, please provide a copy of your prior year completed and filed business tax returns
7. Profit and Loss, Balance Sheet, Trial Balance statements, and/or list of all income and expenses (if you already use Quickbooks Online you may also provide us with “Accountant Access” to your financials by sending carlo@richardcolins.com an invitation)
8. Shareholder Information (must include - name, address, social security number, and stock percentage ownership for each shareholder)
9. Were there any depreciable assets (i.e. real estate, equipment, fixed assets, improvements etc.)?
If yes, please provide:
a. Description
b. Date placed in service
c. Cost
d. Any other information that would be important
e. If Real Property such as Real Estate, we need a copy of the purchase agreement/closing statement (Both Purchase Agreement and H.U.D. closing statement)
C Corporation (If LLC elected to be treated as a C Corp we will need Partnership documents)
1. Brief description of your business
2. Certificate of Incorporation documents filed with the state
3. Corporate By Laws, Minutes, and Stock Issuance documents
4. Federal Tax EIN number (provide IRS EIN letter)
5. If NOT the first time filing a business tax return, please provide a copy of your prior year completed and filed business tax returns
6. Profit and Loss, Balance Sheet, Trial Balance statements, and/or list of all income and expenses (if you already use Quickbooks Online you may also provide us with “Accountant Access” to your financials by sending carlo@richardcolins.com an invitation)
7. Officer Information – name, title, and social security number of signing officer (i.e. C.E.O., President, etc.)
8. Were there any depreciable assets (i.e. real estate, equipment, fixed assets, improvements etc.)? If yes, please provide:
a. Description
b. Date placed in service
c. Cost
d. Any other information that would be important
e. If Real Property such as Real Estate, we need a copy of the purchase agreement/closing statement (Both Purchase Agreement and H.U.D. closing statement)
Non-profit Organization
1. Same as C Corporation documents/information requested
2. In addition:
a. IRS Determination Letter
b. Form 1023 application
Estates and Trusts
1. Legal Trust Documents (including any updated amendments) drafted by an Attorney
2. Federal Tax EIN number (provide IRS EIN letter)
3. Trustee Information (name, address, and social security number)
4. Financials – Income and Expense Statement, Balance Sheet, etc.
5. If NOT the first time filing a tax return, please provide a copy of your prior year completed and filed Trust (Form 1041) tax returns
6. Fair Market Value of cash and/or property held under the Trust (provide appraisal for Real Property and other high value items)