Virginia Tax Returns | Arlington County Income Tax Return Preparation | McLean VA Preparers | Tysons Corner Virginia Tax Audits

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Virginia Tax Returns
Business & Financial Solutions tax preparers prepare multiple types of business tax returns. If you incorporated your business as a regular C corporation, you use federal tax Forms 1120 or 1120-A to pay income tax and Form 1120-W to pay estimated tax. Our Rockville firm will assist companies with estimated taxes. Payment of self-employment tax is required for those whose net earning from self-employment is at least $400. Subchapter S Corporations use Form 1120S to file income tax return to the federal government. Other forms that C corporations may use are Form 8109-B Deposit Coupon, Form 4625 Depreciation, and forms for employment tax, if you have employees.

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Our form's tax preparers, advisors and consultants provide a variety of other tax solutions to common IRS and state tax problems. Please view our site for additional information on Maryland, Virginia, Washington DC and other state taxation problems.

Our business tax preparation services include payroll tax returns, sales and use tax preparation, income tax return preparation, estate tax returns, non-profit returns and more.

BFS offers quality income tax return preparation services for individuals in Virginia. Services are provided in the greater Washington DC Metropolitan Area, Greater Baltimore and cities throughout the United States.

BFS is dedicated to each client we represent. In our experiences in the Tax Resolution Industry, we have found that each client must be represented individually. Each case must be researched on that case's individual merit. Each case must be properly represented and negotiated based upon its unique profile.

BFS is a full service office with the ability to help you maintain accurate timely records and file completed returns at the end of year. Our offerings are for Personal Taxes, Business Taxes, Quarterly Tax Reports Past Year Taxes, All State Tax Returns, Estate Taxes, Offer In Compromise (OIC), Tax Abatements and Audits. We are a complete solutions team of professionals, offering services in Fredericksburg City, Fairfax, McLean, Tysons Corner, Vienna, Wolf Trap, Arlington, Blacksburg, Dunn Loring, Ft. Belvoir, Fort Lee, Huntington and Lee among other Virginia cities and Northern Virginia.

Our firm helps clients to avoid red flags which may cause repercussions if you are audited on federal and Virginia tax returns. Some issues that may cause red flags, for federal and Virginia income tax returns, are tax shelter losses and unreported income on 1099 forms. In order to avoid a tax audit, make sure to maintain accurate tax records. Track all of your expenses and get documentation and proof for everything. If you make a large donation to a church, make sure to get a statement on official letterhead, verifying your donation. Be aware that if you make a charitable contribution of more than $250, the IRS requires appropriate documentation.

Seventy percent of audits are just a letter asking for more information about your tax returns, and you’re asked to mail back forms proving your income or deductions. In other cases you’ll get an invitation to meet with an agent to discuss your tax forms, a scenario that sends many taxpayers into a panic. In either case, there’s usually little need for panic, but there are certain steps you should take. To find out the best and worst course of action in the event of an audit, contact our firm for assistance and guidance.

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. Our services are designed to simplify the lives or our clients. Clients do don't want problems with the Internal Revenue Service. BFS services offer the advantage of a firm with years of experience.

There are clients with existing problems with the Internal Revenue, or the state, in need of our services. it is our job to solve them. We'll develop a strategy you can manage and negotiate with the tax authorities on your behalf. After all, you have more important things to focus on like running your life. If you are taking the first steps towards eliminating your tax debt we look forward to working with you.

Visit us in Rockville, Maryland (Washington DC Metro Area)

17 W. Jefferson Street, Suite 2, Rockville, MD 20850
Phone 240-403-0845, Fax 301-754-3638

e-mail: info@bfswebsite.com

Montgomery County, MD