Filing your tax return is essential for all US Citizens and Green Card holders. With the help of our team, you can minimize your late filing penalties, avoid a reminder from IRS, maintain your status and benefits, and provide your tax information and copy of tax returns where needed.
Past-due returns incur two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. At RKB, we can help estimate potential failure to file and failure to pay penalties that are to be incurred by clients. If you have unfiled US tax returns, you may be eligible to file those delinquent tax returns under the Streamlined Filing Compliance Procedures, and you will not be subject to failure-to-file and failure-to-pay penalties.
We provide US tax filing services in Vaughan for US Residents, US Citizens, and Non-Resident Aliens, either filing separately, joint, or head of the household for all states. We are Authorized IRS e-file providers, allowing us to file your individual income returns electronically to IRS for faster processing.
Our Services include:
At RKB with our comprehensive cross border taxation knowledge and experience allows us to review your taxation issues from all perspectives. We design, Implement, and guide you with the most tax-advantageous strategies for both sides of the borders.
A Corporate taxpayer must file an annual income tax return (Form 1120) by the 15th day of the fourth month following the close of its tax year. Only C corporations pay corporate income tax. LLC and S-corporation pay income tax through their owners. Apart from federal income tax, a US corporation may also have to pay state income tax. Every state has its own filing and payment requirements.
A Canadian corporation may have to file (1120-F) and pay taxes in the US if they have income from a trade or business in the US. Similarly, Canada’s domestic tax law requires non-resident to file and pay tax on any income they earn from carrying on a business in Canada. This requires a detailed review of all your business connections, and you may be able to avail the treaty benefits.
We understand the complexity and the compliance requirements for filing your US taxes. We provide services for filing tax returns for C Corporation, S-corporation, and LLC. Our corporate tax services include attention to double taxation, owner’s compensation, transfer pricing, and costs allocation.