TAX RETURNS, STATUTORY FILING OBLIGATIONS
Tax returns in the United States of America
Tax returns are documentations that need to be filed with tax authorities, like the IRS, state, and local cities, and includes reporting of income, expenses, and other relevant financial information in order to determine the tax liability (if any). The IRS classifies returns as “Tax Returns” or “Information Returns”.
Tax returns are generally prepared using forms, provided by the IRS. A standard federal tax form is Form 1040, with different variations such as 1040NR and 1040PR. In most cases, there are supplemental forms to be filed as well. It is highly recommended to go to a tax professional to ensure error-free returns. Filing a return with incorrect information, it can result in civil and criminal penalties.
Information returns are forms filed by third-parties, government entities, and are used to notify taxpayers and government agencies about tax liabilities. Information returns transmit information about income, receipts, and other financial matters which affect tax liabilities. An example of an information return is Form 1099, used for self-employment, and Form W-2, used for employees.
HQ Law Offices has both IRS Enrolled Agents and CPAs on the team. The team members have extensive knowledge and experience in providing the exemplary services to our clients around the world.
HQ Law Offices is privileged to be one of the few private, local tax firms that provides one-stop-solutions to US Green Card holders in Pakistan with their annual tax return filing needs. Whether you are going to sponsor your Pakistani spouse, be an owner of a US company, or want to be compliant with US tax laws, we are passionate in providing you affordable and reliable services.
OUR PROFESSIONAL SERVICES
Individual Tax Services:
- Federal Individual Income Tax Returns – Form 1040 / 1040NR / 1040EZ
- Expatriate Tax Returns
- State & Local Tax Returns
- ITIN Processing
- IRS Audit Representation – Income Tax Audits – Offer in Compromise – Installment Plans – IRS Debt Settlement
- Prior Years Unfiled Tax Returns
- FBAR and FATCA Reporting
- Individual Tax Planning
Business Tax Services:
- Corporate Income Tax Filing
- Quarterly Estimated Tax Filing
- Payroll Processing
- 1099 Issuance
- Sales Tax Registration
- Sales/Excise Tax Filing
- EIN Issuance
- Registered Agent Services
- Annual Franchise Tax – State Annual Report Filing