We prepared and e-file both Federal and State tax returns of the following:

• • Individual Tax Return form 1040 and Schedule C
  • “C” Corporations’ Tax Return Form 1120
  • “S” Corporations’ Tax Return Form 1120S
  • Partnership Tax Return form 1065

Most peoples in the U.S need to file Form 1040 whether they are Independent Contractors,
Employees, freelancer, work someone else, getting rental or investment income. They need to file
form 1040.The tax rates applies according to their income, filing status and Dependents.

A Corporation is a separate tax-paying entity who pay Corporation’s tax on its income after offsetting
income with losses, deductions and credits. The Shareholders then pay personal taxes on dividend.

The last date for filing tax return is April 15 if opted out Calendar year. However, all other will file their
tax returns with in 2 and half month of Registration date of the following year.

An S corporation is not taxed at the corporate level. S corporation pass through items of income,
loss, deduction or credit to its shareholders who report those items on their personal returns. They
pass through items are reported in total on the Form 1120S, Schedule K, and each shareholder; pro
rate share of the pass-through items is reported in on schedule K-1.

By default the LLC has option to file the following Income Tax Forms

• Individual Tax Return form 1040 and Schedule C
• Individual partnership Tax Return form 1065
• Or Form 1120 if the LLC has opted to be taxed as Corporation.

How a limited liability company pays income tax depends on whether the LLC has one member or
more than one member.

A single member LLC is taxed as a sole proprietorship. That is, the information about the LLC`s
income and expenses, and its net income, is prepared using Schedule C. The net income from the
Schedule C is brought over to Line 12 of the owners’ personal tax return (Form 1040 or other).

An LLC which has more than one member is pays income tax as a partnership. The partnership itself
does not pay taxes directly to the IRS; the individual partners pay tax based on their share of
ownership in the partnership. The partnership files an information return with the IRS on Form 1065.

Then a Schedule K-1 is prepared for each partner, showing the share of the profit/loss of the
partnership .The K-1 is filed with the partners’ individual return and the gain/loss is show on the
partners ‘ Form 1040.

We are based in California and can prepare all the 50 States income Taxes with no
additional cost.

The Charges Includes both Federal and State preparation as well as E File both Federal and
any State.

If the state you work in does not have a reciprocal agreement with your home ,state, you’ll have to file a resident tax return and a nonresident tax return.

On your resident tax return (for your home state), you list all sources of income, including that which you earned out-of-state.

Every citizen of the United States is subject to the income tax, even if they are residents of a foreign country receiving income from foreign sources.( Special Provisions are applicable) However, these taxpayers are not taxed heavier than citizens residing in the United States because of the foreign taxes they must pay and the higher cost of Living in the foreign country. To qualify for the Foreign Earned Income Exclusion, the U.S. Citizens must
establish that they are bona fide residents of a foreign country, or resident aliens who are present in a foreign country at least 330 days out of any consecutive twelve month period.

Single taxpayers meeting the above individuals work abroad and both meet either the bona fide residence test or the physical presence test, each one can choose the foreign earned income. The taxpayer can also choose to exclude from income a foreign housing amount. If he or she chooses to exclude a foreign housing amount, the taxpayer must figure the foreign housing Exclusion before the foreign earned income exclusion. The foreign earned income exclusion is limited to the foreign earned income minus the foreign housing exclusion. The foreign housing Exclusion applies only to amounts considered paid for with employer provided funds and is the total of the housing expenses for the year minus the base housing amount. The taxpayer`s housing amount is the total of his or her housing expenses for the year minus the base housing amount. The computation of the base housing amount (line 32 of Form 2555- Foreign Earned Income) is tied to the maximum foreign earned income exclusion. The amount is 16% of the exclusion amount (computed on a daily basis), multiplied by the number of days in the taxpayer`s qualifying period that fall within his or her tax year.

Retailers engaged in business in California must register with the California Department of
Tax and Fee Administration (CDTFA) and pay the state’s sales tax, which applies to all retail
sales of goods and merchandise except those sales specifically exempted by law. The use tax
generally applies to the storage, use, or other consumption in California of goods purchased
from retailers in transactions not subject to the sales tax. Use tax may also apply to purchases
shipped to a California consumer from another state, including purchases made by mail order,
telephone, or Internet.

The sales and use tax rate in a specific California location has three parts: the state tax rate, the
local tax rate, and any district tax rate that may be in effect.

“Local Tax” is the general term for sales and use taxes imposed under the Bradley-Burns
Uniform Sales and Use Tax Law. The basic statewide sales and use tax rate is 7.25% and is
divided as follows:

• 6.00% State
• 1.00% Local Jurisdiction (City or county of place of sale or use)
• 0.25% Local Transportation Fund (County of place of sale or use)

“District Taxes” are imposed locally under the Transactions and Use Tax Law. The tax rate in
your area may be higher than 7.25% depending on the district taxes that apply there.

We are providing the following services:

• Prepare and e-file your quarterly / Annual Sales & Use Tax Return 401-A.
• Monthly estimated tax payment.
• To get online Seller Permit /License for New businesses.

Whether you are beginning a new business or incorporating a business already in existence, you have to understand the state requirements for LLC formation.

We help you form and start an LLC (Limited Liability Company/Corporation) setup in California which can be a relatively quick and easy process by availing our services which include to obtain federal ID (EIN) for you.

Registration:

An LLC is formed by filing Articles of Organization and Statement of Information with the California
Secretary of State prior to conducting business that our corporation setup services assist you in by
drafting and registering LLC setup in California.

The LLC members must participate in formal, written (or verbal) agreement either before or after filing articles of organization.
A husband and wife possessing an LLC may choose to be treated as a partnership or a disregarded entity.

Approximately all the members are secured from individual liability for debts and obligations of the LLC.

LLCs do not pay income tax but they are subject to pay $800 annual tax and a fee.

California’s requirements include:

The name and address of a registered agent with a physical address in California must be enrolled by LLCs, who must be available during normal business hours to receive important legal and tax documents for the business.

An LLC is great for small businesses having a limited liability protection under Civil Law, but they also want nominal officialism and paperwork. For California income tax purposes, an LLC will be restricted to a partnership if it has more than one proprietor and will be conducted as a disregarded entity if it has only one member. However, an LLC is allowed to designate (taxed) as a corporation.

To be taxed as a corporation, the LLC files an election on Federal Form 8832, Entity Classification Election, with the Internal Revenue Service. California coordinates with the federal entity classification “check-the-box regulations” that allow an LLC to accept to be taxed as a corporation.

We incorporate the corporation in California only. The following forms are needed to incorporate the following Corporation.

Requirements for the Articles of Incorporation

The document required to form a corporation in California is called the Articles of Incorporation.

California’s requirements include:

Registered agent

The name and address of a registered agent with a physical address in California must be enrolled by Corporation, who must be available during normal business hours to receive important legal and tax documents for the business.

Officers

Officer names and addresses are not required to be recorded in the Articles of Incorporation.

Stock

Authorized shares and par value must be recorded in the Articles of Incorporation.

Article of Association

• On Certification of Article from the Secretary of State, California, we would arrange the Federal ID
  (EIN NO) at no cost to you)
• Statement of Information i.e. List of directors and officers to be filed within 90 days From the date of
  incorporation. The fee to file $ 25.00
• Minute to open the account with bank – no cost to you

Article of Association

• On Certification of Article from the Secretary of State, California, we would arrange Federal ID (EIN
  No) at no cost to you.
• Apply with IRS for Status of “S” Corporation on IRS form 2553. This is an application to IRS to
  approve the corporation “S” Status. Normally it is easy to get it
• Statement of information i.e. List of directors and officers to be filed within 90 days from the date of
  incorporation. The fee to file S 25.00
• Minute to open the account with bank — no cost to you.

Qualifying Corporations:

• Must be domestic corporation
• Must not be a prohibited entity
• May have no more than 100 shares
• Meet qualifying rules
• Meet one class of stock rules

Domestic corporations rule:

• Under Reg.301.7701-5, an S corporation must be a domestic US corporation organized In the United States under federal law or state law.
• PLR 9512001 allowed a domestic corporation to retain its status if it is a domestic Corporation that is also registered as a corporation in a foreign country.

Entities prohibited from becoming an S corporation include:

• Domestic International Sales Corporation
• Insurance companies
• Corporation electing to use the possessions tax credits or A financial institution (blank) using the reserve method of accounting for bad debts.

Numbers of Shareholders

• An S corporation may not have more than 100 shareholders.

S Corporation Shareholder Table

We do the pay roll for Small business (Dba ) and Corporation which include the following:

• Register with Employment Development Department to get EDD Number
• Enrollment with EFTPS so we can electronically pay payroll taxes.
• We issue the check – you to just sign the check
• Direct Deposit to Employees’ account.
• Pay both Federal and State payroll taxes on your behalf through Direct Deposit
• File Federal State quarterly /Annual returns i.e Form 941,940, DE9 and DE9C.
• Issue W-2 & W-3 at the end of year and submit copies to IRS and State accordingly.

We do the bookkeeping to record your financial transactions by the experienced professionals. These transactions include Purchases, Sales, Receipts & Payments by an individual person or an organization. We record these transactions from bank statements and other invoices/bills and generate a Profit & Loss account and Balance Sheet at the end of year so that you can file your tax returns properly and accurately.

We offer these services on monthly or annual basis with a reasonable fee.

We have experienced professional Notary Service who is available during office hours. We charge $ 15 per signature plus out of office visiting fee which varies according to location/distance.

A Notary Public can not give you any legal advise and do not fill any form/document. Please bring valid ID with your photo, signature, physical description and number.

Documents must be completely filled out. No blank space

Signer must communicate with Notary.