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Gregory Binkiewicz & Company, LLC offers a wide range of bookkeeping, tax accounting and financial advisory services to closely held and newly-formed corporations. We offer the entire gamut of services from write-ups to financial statements, preparation of individual, partnership and corporate tax returns. He has represented clients before the Internal Revenue Service and at New York State Income Tax and Sales Tax audits. He also offers the preparation of Payroll and Sales Tax returns. 1040 - Individual Internal Revenue Service (IRS) Form 1040, U.S. Individual Income Tax Return, is the standard form that most Americans use to file federal taxes. Although tax returns can get notoriously complicated, Form 1040 primarily consists of six main sections that you can complete to determine your correct tax consequences. 1120 - Corporation This is the general U.S. Corporate income tax return, generally required to be filed by March 15 of each year. 1120S - Sub Chapter S Corporation The 1120S is an alternate corporate income tax return for corporations that are taxed under sub chapter S. 1065 - Partnership / LLC U.S. Tax form used by Partnerships and Joint Ventures. 1041 - Fiduciary: Trusts & Estates IRS form 1041 is used by fiduciary trust entities for the purpose of calculating the trust's total tax liability for a given year. Form 1041 is also required for decedents' estates that earn more than $600 per year or name a nonresident alien as a beneficiary. Follow the links at the end of this article to find all forms and schedules mentioned, as well as the official IRS form 1041 instructions. 706 - Estate An estate tax is applied to real estate and personal property estate after a death. Estate taxes have to be paid when directing the last will and testament of a deceased individual, or when processing an estate through state governing laws when no will is filed. 709 - Gift A federal gift tax is obtained by those individuals that give away property or other gifts of monetary value. The amount of the tax will depend on what is given away. 990 - Non-Profit Organization & Charities The 990 tax form is the form used by nonprofits to disclose their financial information. |
