Also known as a sole trader, or simply proprietorship. Owned and run by one individual and where there is no legal distinction between the owner and the business. They are inexpensive to form, easy to dissolve and generally have no tax aspects, since profits and losses of the business are simply part of the owner’s personal income and the company is disregarded for tax purposes all profits and all losses accrue to the owner. All assets of the business are owned by the proprietor and all debts of the business are the proprietors.
Our qualified and experienced tax professionals will understand your requirements, analyze your situation, and provide strategic tax advisory and planning services. We offer tax planning in the following areas –
We charge our clients a straight fee for the scope of work rendered. Unlike other service providers, we don’t charge our clients on a percentage or contingent basis. Such practices are proven illegal and unethical in the eyes of the law.
ForMytax.Com offers IRS Representation for clients who need help to get out if these jams. Other IRS Problems to which we can offer solutions –
1. Assistance on filing your previous year’s tax returns
2. Discussions with IRS and payment of back taxes
3. Any other communication you want us to do with IRS on your behalf.
In the previous year, a staggering number of over 164 million individual income tax returns were filed by taxpayers. Out of this massive pool, the Internal Revenue Service (IRS) conducted audits on 626,204 returns, seeking to ensure compliance. Interestingly, 93,595 were deemed full regular audits, while an overwhelming majority of 532,609 were correspondence audits, reflecting the evolving methods employed by the IRS. It’s remarkable that over 600,000 individuals found themselves in a position where they eagerly sought tax advice to navigate this challenging situation. And the need for such guidance persists year after year, illustrating the ongoing demand for expert assistance in the complex realm of taxation.… Every Year!