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As a corporation, your taxes are quite complicated, with many different factors to consider. It’s important to understand that there these components must all be correctly computer and reviewed, or you’ll pay the wrong amount of taxes. The last thing any corporation needs is the IRS conducting a field audit.

What do I need?


  • Most importantly, you’ll need a full set of financial statements: income statement and balance sheet.


  • Transaction history and summary of each shareholder’s capital accounts.


  • All shareholders’ personal information (name, address, and Social Security number).


  • Sales tax returns


  • Copies of W-2 statements


  • Payroll tax returns


  • Detailed transactions of federal, state, and local taxes that you’ve paid.


    That sounds a bit overwhelming…


    It’s definitely not one of the easier returns to fill out. Corporation taxes are complicated with many penalties available based on all of the different of infraction, and it’s not going to change anytime soon. The easiest way to make sure that you get it right is to hire an expert who can help you accurately review your information to properly fill out the return.

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