Minimize Your Tax Liability, Maximize Your Financial Growth

We prepare and submit tax returns for all business entities, including Sole Proprietorships, Partnerships, Limited Liability Company (Single and Multiple Member), S-Corporations and C-Corporations. Accurate and timely submission of all required federal, state, local and international tax returns along with scheduled estimated payments is our primary goal. We will help keep you in compliance!
Sole Proprietorships
Because a Sole Proprietorship is treated as a pass-through entity, the income of the business is reported on the owner’s personal tax return. This is done using IRS Form 1040, Schedule C.
Partnership
The Partnership must issue each partner a K-1 and file an information return on IRS Form 1065 to report any credits or deductions to/from the operation of the business. Each partner must then report their portion of the profits and losses of the Partnership on their personal income tax return.
S-Corporation
Even though an S-Corporation does not pay corporate income taxes, it is required to file a corporate income tax return using IRS Form 1120S. In addition, the S-Corporation must issue each shareholder a K-1 showing their share of any business profits or losses. Each shareholder must then report their portion of the profits and losses together with any compensation they have received on their personal income tax return.
Limited Liability Company

Multiple member LLCs must issue each member a K-1 and file an information return on IRS Form 1065 to report profits or losses of the business. Each member must then report their share of any profits or losses by filing the K-1 with their personal income tax return. The income of a single member LLC is reported on Form 1040, Schedule C of the member’s personal income tax return.
C-Corporation
A C-Corporation must file a corporate tax return on IRS Form 1120. Unlike with other business structures, the profits and losses of a Corporation are taxed directly and do not pass through to be claimed on the personal tax returns of the owners.
We provide expert tax preparation services that guaranteed to meet all of the filing deadlines and reporting requirements of the respective tax collection agencies. Our professionals guarantee tax compliance through the accurate preparation and timely submission all required tax returns.

Taxes can be complicated. The right advisor can help you optimize tax strategies and achieve your financial goals. The tax laws change every year so it can seem an uphill battle to keep up with how to best do your financial planning when it relates to personal income tax. Our advisors will help uncomplicated tax matters for you.
Form 1040 is a densely packed two-page form with an abundance of schedules to complete. Form 1040 is the most complex of all individual tax filing documents to complete. This document gives taxpayers the ability to submit information on complex investments, itemized deductions, and various tax credits. Without professional assistance, it could seem overwhelming.
Individual tax return for submitting income tax is not the only form that a taxpayer may need to complete. An example is the gift tax where the taxpayer must file IRS Form 709 and pay the gift tax owed. Some individuals are required to estimate their annual tax and pay it by the quarter, or every 3-months on Form 1040ES. Payment of estimated tax is returned with Form 1040V to the regional IRS office which serves their state. Or, if a taxpayer needs to amend their individual tax return, they will use Form 1040X.

A big part of maximizing what you leave behind is minimizing taxes. Federal taxes on gifts and estates can be among the highest assessed on any financial transaction. In addition, some states levy their own estate or inheritance taxes. Both estate and gift taxes usually have exemption limits, meaning you can give up to a certain amount without incurring tax. Many people use the gift tax exemption to transfer assets while they are still living, as part of their strategy to maximize what their beneficiaries receive.
Estate and inheritance taxes usually are based on the value of the taxable estate and are paid before the assets are distributed to the beneficiaries.
If an estate or trust earns income, that income may be subject to income taxes. There are estates, simple trusts, complex trusts, revocable, irrevocable, charity remainder, decedent. There are several key players in a trust, the grantor, the beneficiary and executors all of which need to be identified along with the state in which a trust return may need to be filed. Estate and trust planning may seem difficult to navigate, we and our team are here to help.

When you are mission-focused, tax-exempt status is mission critical. But tax requirements are nuanced and complex — especially as regulations focus on increasingly greater transparency. Our team is a not-for-profit tax expert. We not only help your organization fully comply with federal requirements, but guide you in minimizing and managing your tax liabilities, providing integrated, strategic insight to keep your organization moving forward. We help you stay focused on what you do, so you can continue doing it without the headache of compliance issues.

A personal property tax is imposed by state or local tax authorities based on the value of an individual's personal property, such as a tax that's imposed on the value of a car and assessed as part of the annual vehicle registration fee. It's also called an ad valorem tax. Businesses must file an annual personal property tax return with the local county office of where there business is located. Our team of experts understand how to accurately and timely prepare these return for you in order to keep you in compliance, avoid late penalties and minimize the taxes.

Sales tax compliance can be complicated and frustrating. Our staff of seasoned professionals has the knowledge and experience to expertly prepare all sales tax filings and we offer full sales tax audit representation. In addition, we can guide you through the complexities of sales tax registration, compliance, and exemptions for a single location or across multiple jurisdictions.

Tax problems don’t go away by themselves – they just get worse and worse, not only as penalties and interest mount up, but also from the stress that dealing with the IRS and other tax authorities can cause. If you are facing tax difficulties, let us help you to resolve them. Our knowledgeable and experienced tax professionals will provide a realistic and confidential assessment of your position and your options, work with you to develop an achievable plan to resolve your tax problems, and are experienced in negotiating Offers in Compromise with the IRS on your behalf. We’re quick, efficient, affordable, and discreet. Let us help you to resolve your tax problems, put an end to the stress they cause, and regain your peace of mind.

We know how your tax return was prepared, and we stand behind our work and with our clients. If the need arises, we have the experience and knowledge to provide complete representation services before the IRS and state and local taxing authorities. We are also experienced in negotiating Offers in Compromise with the IRS. If you are facing tax problems, we can help.

All due dates assume that the date falls on a business day. If the due date falls on a holiday or weekend, the due date will be the next business day.
• January 15 - Employers - Social Security, Medicare and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in December of this year.
• January 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in December.

• January 15 - Individuals - Make a payment of your estimated tax for this year if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES. This is the final installment date for this year's estimated tax. However, you do not have to make this payment if you file this year's return (Form 1040) and pay any tax due by January 31 of the following year.
• January 15 - Farmers and Fisherman - Pay your estimated tax for this year using Form 1040ES. You have until April 15 to file this year's income tax return (Form 1040). If you don't pay your estimated tax by January 15, you must file this year's return and pay any tax due by March 1 to avoid an estimated tax penalty.
• January 31 - Individuals - File your income tax return (Form 1040) for this year if you did not pay your last installment of estimated tax by January 15. Filing your return and paying any tax due by January 31 prevents any penalty for late payment of last installment.
• January 31 - Employers - Federal unemployment tax. File Form 940 (or 940-EZ) for this year. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it is more than $500, you must deposit it. However, if you already deposited the tax for the year in full and on time, you have until February 10 to file the return.
• January 31 - Employers - Social Security, Medicare, and withheld income tax. File Form 941 for the fourth quarter of this year. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the quarter in full and on time, you have until February 10 to file the return.
• January 31 - Employers - Non-payroll taxes. File Form 945 to report income tax withheld for this year on all non-payroll items, including backup withholding and withholding on pensions, annuities, IRAs, gambling winnings, and payments of Indian gaming profits to tribal members. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the year in full and on time, you have until February 12 to file the return.
• January 31 - Employers - Give your employees their copies of Form W-2 for the previous year. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by January 31st.
• January 31 - Employers - Give annual information Forms 1098, 1099 and W-2G to recipients for certain payments made during the year.
• January 31 - Employers - File Form W-3 with Copy A of all Forms W-2 issued for the current tax year. File Form 1099-MISC with the IRS when you are reporting non-employee compensation payments in box 7.
• February 15 - Individuals - If you claimed exemption from income tax withholding last year on the Form W-4 you gave your employer, you must file a new Form W-4 by this date to continue your exemption for another year.
• February 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in January.
• February 15 - Employers - Furnish Forms 1099-B, 1099-S and certain Forms 1099-MISC to recipients.
• February 28 - All Businesses - File information returns (Form 1099) for certain payments you made during previous year. These payments are described under January 31. There are different forms for different types of payments. Use a separate Form 1096 to summarize and transmit the forms for each type of payment. See the General Instructions for Forms 1099, 1098, 5498, and W-2G for information on what payments are covered, how much the payment must be before a return is required, which form to use, and extensions of time to file. If you file Forms 1098, 1099, or W-2G electronically (not by magnetic media), your due date for filing them with the IRS will be extended to March 31. The due date for giving the recipient these forms remains January 31.
• February 28 - Employers - File Forms 1094-B, 1095-B, 1094-C, and 1095-C if filing on paper
• March 1 - Farmers and fishermen - File Form 1040 and pay any tax due. However, you have until April 15 to file if you paid your previous year estimated tax by January 15 of the current year.
• March 2 - Employers - Give your employees Forms 1095-B and 1095-C for health care coverage.
• March 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in February.
• March 15 - Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in February.
• March 15 - S Corporations - File Form 1120S and pay any tax due. Provide each shareholder with a copy of Schedule K-1 (Form 1120S), Shareholder's Share of Income, Credits, Deductions, etc., or a substitute Schedule K-1. If you want an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe.
• March 15 - S Corporation election - File Form 2553, Election by a Small Business Corporation, to choose to be treated as an S Corporation beginning with current calendar year. If Form 2553 is filed late, S treatment will begin with next calendar year.
• March 15 - Partnerships - File a previous calendar year return (Form 1065). Provide each partner with a copy of Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. If you want an automatic 6-month extension to file the return and provide Schedule K-1 or a substitute Schedule K-1, file Form 7004. Then file Form 1065 by September 15.
• March 15 - Electing large partnerships - File a previous calendar year return (Form 1065-B). Provide each partner with a copy of Schedule K-1 (Form 1065-B), Partner's Share of Income (Loss) From an Electing Large Partnership. This due date is effective for the first March 15 following the close of the partnership's tax year. If you want an automatic 6-month extension of time to file the return, file Form 7004. Then file Form 1065-B by September 15.
• March 31 - Electronic filing of Forms 1097, 1098, 1099, 3921, 3922, 1094-B, 1095-B, 1094-C, 1095-C, and W-2G File Forms 1097, 1098, 1099, 3921, 3922, 1094-B, 1095-B, 1094-C, 1095-C, or W-2G with the IRS. This due date applies only if you file electronically (not by magnetic media). Otherwise, see February 28. The due date for giving the recipient these forms will still be January 31. For information about filing Forms 1097, 1098, 1099, 3921, 3922, or W-2G electronically, see Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498 and W-2G Magnetically or Electronically.
• April 15 - Individuals - File an income tax return (Form 1040, 1040A, 1040EZ, or 709) and pay any tax due. If you want an automatic 6-month extension of time to file the return, file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, or you can get an extension by phone if you pay part or all of your estimate of income tax due with a credit card. Then file Form 1040, 1040A, 1040EZ, or 709 by October 15.
• April 15 - Household employers - If you paid cash wages of $2,000 or more in the previous year to a household employee, file Schedule H (Form 1040) with your income tax return and report any employment taxes. Report any federal unemployment (FUTA) tax on Schedule H if you paid total cash wages of $1,000 or more in any calendar quarter of the previous 2 years to household employees. Also report any income tax you withheld for your household employees.
• April 15 - Individuals - If you are not paying your current year income tax through withholding (or will not pay in enough tax during the year that way), pay the first installment of your current estimated tax. Use Form 1040-ES.
• April 15 - Employers - Social Security, Medicare and withheld income tax. If the monthly deposit rule applies, deposit the tax payments for March.
• April 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in March.
• April 15 - Trusts and Estates - File a previous calendar year return (Form 1041). Provide each beneficiary with a copy of Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. If you want an automatic 5 month extension to file the return and provide Schedule K-1 or a substitute Schedule K-1, file Form 7004. Then file Form 1041 by September 30.
• April 15 - Corporations - File Form 1120 or 1120-A and pay any tax due. If you want an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe.
• April 15 - Corporations - Deposit the first installment of your estimated income tax for current year. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
• April 15 - File FBAR Form 114 electronically with the Financial Crimes Enforcement Network (FinCEN).
• April 30 - Employers - Social Security, Medicare, and withheld income tax. File form 941 for the first quarter of current year. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the quarter in full and on time, you have until May 10 to file the return.
• April 30 - Employers - Federal Unemployment Tax. Deposit the tax owed through March if more than $500.
• May 10 - Employers - File Form 941 for the first quarter. This due date applies only if you deposited the tax for the quarter in full and on time.
• May 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in April.
• May 15 - Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in April.
• May 15 - Exempt Organizations - File a previous calendar year return (Form 990). If you want an automatic 6 month extension to file the return, file Form 8868. Then file Form 990 by November 15.
• June 15 - Individuals - If you are a U.S. citizen or resident alien living and working (or on military duty) outside the United States and Puerto Rico, file Form 1040 and pay any tax, interest, and penalties due. Otherwise, see April 15. If you want additional time to file your return, file Form 4868 to obtain 4 additional months to file. Then file Form 1040 by October 15. However, if you are a participant in a combat zone you may be able to further extend the filing deadline.
• June 15 -Individuals - Make a payment of your current estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the second installment date for estimated tax in current year.
• June 15 - Corporations - Deposit the second installment of your estimated income tax. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
• June 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in May.
• June 15 - Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in May.
• July 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in June.
• July 15 - Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in June.
• July 31 - Employers - Social Security, Medicare, and withheld income tax. File form 941 for the second quarter of the current year. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you have deposited the tax for the quarter in full and on time, you have until August 10 to file the return.
• July 31 - Employers - Federal Unemployment Tax. Deposit the tax owed through June if more than $500.
• July 31 - Employers - If you maintain an employee benefit plan, such as a pension, profit sharing, or stock bonus plan, file form 5500 or 5500-EZ for previous calendar year. If you use a fiscal year as your plan year, file the form by the last day of the seventh month after the plan year ends.
• August 10 - Employers - File Form 941 for the second quarter. This due date applies only if you deposited the tax for the quarter in full and on time.
• August 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in July.
• August 15 - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in July.
• September 15 - Individuals - Make a payment of your current year estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the third installment date for estimated tax in the current year.
• September 15 - Partnerships - File Form 1065. This due date applies only if you were given an additional 6-month extension. Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute K-1.
• September 15 - Electing large partnerships - File Form 1065-B. This due date applies only if you were given an additional 6-month extension. See March 15 for the due date for furnishing the Schedules K-1 to the partners.
• September 15 - S Corporations - File Form 1120S and pay any tax due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see March 15. Provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1.
• September 15 - Corporations - Deposit the third installment of your estimated income tax. A worksheet, Form 1120-W, is available to help you make an estimate of your tax for the year.
• September 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in August.
• September 15 - Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in August.
• September 30 - Trusts and Estates - File Form 1041. This due date applies only if you were given an additional 5-month extension. Otherwise, see April 15.
• October 15 - Individuals - If you have an automatic 6-month extension to file your income tax return, file Form 1040, 1040A, 1040EZ, FBAR Form 114, or 709 and pay any tax, interest, and penalties due.
• October 15 - Corporations - File Form 1120 or 1120-A and pay any tax due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see April 15.
• October 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in September.
• October 15 - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in September.
• October 31 - Employers - Social Security, Medicare, and withheld income tax. File form 941 for the third quarter of the current year. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the quarter in full and on time, you have until November 10 to file the return.
• October 31 - Employers - Federal Unemployment Tax. Deposit the tax owed through September if more than $500.
• October 31 -Employers - Income Tax Withholding. Ask employees whose withholding allowances will be different in the next calendar year to fill out a new Form W-4.
• November 10 - Employers - This due date applies only if you deposited the tax for the quarter in full and on time.
• November 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in October. Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in October.
• November 15 - Calendar Year Exempt Organizations - File Form 990. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see May 15.
• December 15 - Corporations - Deposit the fourth installment of your estimated income tax. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
• December 15 - Employers - Social Security, Medicare, and withheld income tax - If the monthly deposit rule applies, deposit the tax for payments in November.
• December 15 - Employers - Non-payroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in November.

We take a holistic approach to tax services, providing both insightful tax planning and expert tax return preparation to a wide variety of clients. We specialize in providing coordinated business and personal tax services, with a particular focus on privately-held, family-owned, and closely-held companies or trusts, and the individuals concerned with them. At Invisible Advisory Group, we understand the dynamics of the closely-held or family-owned business and the relationship between the personal interests of the stakeholders and the overall interests of the business, recognizing that family-owned or closely-held business interests are typically highly integrated with the personal interests of the individual stakeholders. Our seasoned professionals are experienced not only in tax return preparation for family-owned or closely-held businesses or trusts, but also in formulating tax strategies that balance the business and personal tax needs of the owners and stakeholders.