Taxes Services

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Tax Services

¿What are taxes?

These are the taxes that the U.S. government charges people for work performed, regardless of legal status. These taxes are progressive, The rates are higher for higher income earners and lower for lower income earners.

¿When do I file my taxes?

Internal Revenue Service (IRS) is who receives tax returns from taxpayers who are liable for U.S. taxes. The deadline for filing tax returns is April 18 for most individual taxpayers. Entities are dated between March and April which means that the time frame for filing is limited.

March 15: Partnership (Form 1065) and S Corporation (Form 1120-S) returns.
April 18: C Corporation returns (Form 1120) and estate and trust returns (Form 1041).

U.S. tax refund

If when filing the tax return, the taxpayer has money in his favor because he has paid more taxes than he was entitled to, he may request a refund.

For this, when filing the tax return, it is important to choose the direct deposit method as this is the fastest way for the taxpayer to obtain the tax refund. This refund is free and secure.

Benefits of creating an LLC

They have fewer requirements and formalities than corporations, so the records and documentation required are less complex. Thus, maintaining and managing an LLC is much simpler and less expensive compared to some other forms of business structures, so it may be the perfect choice for you.

¿What is the difference between an LLC and a Corporation?

In contrast to LLCs, Corporations are a more rigid structure in which the owners of the (shareholders) have responsibilities and limitations dictated by law.
Raising capital and raising investment is also very different for Corps, as Corps can issue stock and participate in stock exchanges to raise outside investment. Public stock trading is very attractive to investors, so raising capital may be less challenging for Corps than for LLCs. On the other hand, LLCs can offer equity or debt to raise funds from outside sources.
Taxes also vary from one commercial establishment to anotherLLCs and S Corporations are considered pass-through entities, while C Corporations are subject to double taxation.

¿What is an ITIN?

The number of Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number, but do not have a U.S. taxpayer identification number. meet the requirements para obtener un número de Seguro Social (SSN, por sus siglas en inglés) de la Administración de Seguro Social (SSA, por sus siglas en inglés).

¿What is an ITIN used for?

IRS issues ITINs to assist people in complying with U.S. tax laws and to provide people who are not in compliance with U.S. tax laws with the does not qualify to obtain a Social Security number, an efficient way to process and account for your tax returns and payments.

¿What is the employer identification number?

The Employer Identification Number (EIN)also known as a federal employer identification number, federal tax identification number, federal identification number or even federal EIN, is a unique nine-digit number that the Internal Revenue Service (IRS) issues to businesses for tax identification purposes. An EIN is like a social security number for a business.

¿What type of business needs an employer identification number?

Although EIN is the abbreviation of "employer identification number"EIN, acts as a national identifier for a business. Any business that hires employees needs an EIN. Most businesses, even business entities without employees, have one.