In the tax arena we have acquired a professional and reliable program. This program allows to electronically transfer the client’s information to the IRS system and to receive an answer within two hours. After that, we can process a check for a loan based on the tax refund in 12 hours and we can have the refund deposited in the client’s bank account within one week.

Any person that lives in the United States that had any income derived from salaries, interests, dividends, earnings as an independent contractor or through agricultural activities, distribution of earnings from a small business or a commercial association, for rents of real estate or any other income, has the obligation to present his or her tax returns before April 15, 2005. The Federal tax form 1040 serves as the means to inform the customer and the Internal Revenue Service if the result of the calculations is in favor (refund) or against (payment) of the individual.

   For those people that believe they need help with this important legal commitment, we can assist you in preparing your tax return correctly, either by mail or electronically, your reimbursement will be available through a check sent by mail or by direct deposit into your bank account or even sooner (in 48 hours), through an anticipated refund loan (ARL). We can also prepare the individual tax returns for all the states in the Union that require that individuals send their tax returns within the same legal timing that the federal government requires (April 15).

Corporations have to prepare their tax returns to meet the requirements of the internal tax code by March 15, 2005. If the corporation has the status “S”, it will need to prepare a tax return that includes all the activity of income and expenses of the Corporation that are allowed to determine appropriately the financial situation of the fiscal year. This is performed within the individual tax return of the stockholders or corporate owners. If the Corporation does not have the status “S”, the business should be considered for tax purposes as a “C” Corporation; this type of entities should reflect in their tax return the income along with the expenses allowed that would determine the net income and the tax that results from it. We can help businesses with the preparation of these types of corporate tax returns.

At the end of the year and in most cases at the end of each fiscal trimester, some federal and state tax forms need to be prepared. These forms are related to employment (940, 941 and unemployment state forms). Not meeting this requirement would result in penalties and interest charges, and these include even the foreclosure of goods and corporate rights. Filling out the forms adequately and on-time, including the reports for employees on forms W-2 or subcontractors (forms 1099), can avoid costly economic penalties. At All Trust World we can help you with the correct and timely preparation of these important documents and tax forms.