Other Services

IRS Notices

Tax payers are alarmed when they receive a notice and rightly so! These notices should be addressed immediately because there is a deadline for the response. CPA’s are used to the notices and understand the urgency.

Franchise Tax Returns

If a company is incorporated in the state of Texas, they must file a franchise tax return. A CPA will determine what type of franchise tax return needs to be filed. Unfiled tax returns create a status of “Not in good standing”. It is public information and can affect whether a customer will give you their business.

Sales Tax Returns

The Texas State Comptroller is the collecting agency for this tax:

  • It must be filed on time
  • It is best to contact the comptroller to have an agent determine if your service or product is subject to sales tax

1099’s

  • IRS has tightened their requirements for filing 1099’s
  • There are specific questions on the tax returns related to 1099’s
  • If you pay an individual non-employee compensation > $600, you must issue a 1099 in order to take the deduction
  • Penalty of $500 per person

Prior Year Payroll Reports

  • 941 – Federal Quarterly Reports
  • 940 – Annual Federal Reports
  • TWC – State Quarterly Reports
  • W-2 / W-3 – Federal Wages
Evelyn Edwards, CPA in Austin Texas