Tax Return Preparation

Taxes? Bookkeeping? Shipping? Packaging? -- What do they all have in common? Keystone Tax Service can do them all.

WHAT WE DO

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing, time consuming and frustrating. 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.  

Whether you are filling as:

  • Individual
  • Partnership
  • S-corp
  • C-corp

We will prepare your tax return for you.

Partnership 

Partnerships file an information return to report their income, gains, losses, deductions, credits, etc. A partnership does not pay tax on its income but "passes through" any profits or losses to its partners. Partners must include partnership items on their tax or information returns.

S-corp

Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation

C-corp

Domestic corporations use form 1120 to: Report their income, gains, losses, deductions, credits. Figure their income tax liability.

tax return

   Following the ratification of the Sixteenth Amendment in 1913, Democratic leaders agreed to attach an income tax provision to their tariff reduction bill, partly to make up for lost revenue, and partly to shift the burden of funding the government towards the high earners that would be subject to the income tax. This lead to the current income tax return we currently have.