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We prepare US Federal as well as States' Income Tax Returns for Individuals and Corporate Tax Returns. We are accustomed to Intuit's ProSeries tax return program Turbo Tax 2005, TaxAct and other Online Tax Return Softwares
In US, we offer the following Tax Preparation Services
· Personal 1040's (Schedule C) Sole Proprietor
· Corporations 1120, 1120S(S Corporations)
· Non Profit 990
· Partnerships 1065
· City, State, Federal Returns 940,941
We also help you by making all the relevant reports with respect to your tax computations and filing.
Methodology
Client's source documents (such as W-2s, 1099s, K-1s etc. ) along with tax organiser/previous year return are scanned and uploaded (usually as PDF files), by CPA & CA firms to secure servers located in the US.
We access the documents and allocate the return preparation work to the tax team. The tasks are assigned based on preparer's experience and complexities involved in doing the return.
The preparers would bookmark and organize the scanned documents for easy preparation and review. He/She rolls over prior year return and start inputting the data/information into the appropriate software. While doing so, any open items requiring clarifications or additional details from clients are listed and sent to supervisor/client's attention.
Prepared returns are reviewed by the Supervisors and intimation about status of completed returns is sent to the CPA & CA firms for final review and filing.
Training of US Tax Return to Outsourcing Companies of India
We are providing the training to new companies in India entering into business of Preparation of US Tax Returns at the nominal prices. The Training module will consist of:-
- Training on the basic tax laws provisions which are important for preparation of tax returns, understanding of tax forms and statutory obligations.
- Literature about Individual Tax Returns (Form 1040) and Business Tax Returns (Form 1065 for Partnership, Form 1120 & 1120S for Corporate)
- Advanced training how to fill the US Tax return, the software part of tax return and other important matters which govern the correct preparation & filing of tax return
The training shall consist of 100 hours. For more details, please write us at info@sunilkhullar.com . We Charge $ 5000.00 for training up to two employees.
Note: No training will be scheduled/ held in the period from January to April.
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