Full-Service Corporation Tax Accountants For US Businesses

Strategic corporation tax management is a powerful tool for growth, but its complexity can divert critical time and resources away from your core business. For small to medium-sized US corporations, navigating the IRS landscape correctly is essential for financial stability and success. At Legend Fusions, our approach is designed to save you valuable time, prevent costly errors, and uncover potential savings through expert, proactive financial management.

Legend Fusions’ Corporation Tax Services US

Our services are built to provide clarity and comprehensive support through every stage of your business’s financial journey.

Tax Returns Preparation

The kind of corporate tax return you file depends on your business structure. Whether it’s a C Corporation (Form 1120), an S Corporation (Form 1120-S), or an LLC taxed as a corporation, our experienced tax accountant will help you file accurately and on time with the IRS.

IRS Compliance Support

Our 1120 corporate tax return services ensure your business adheres to all current IRS regulations year-round, maintaining the meticulous documentation required for your industry. We translate complex tax law into clear, actionable advice for your business.

Proactive Tax Planning

We proactively analyze your business’ finances year-round to identify every available deduction, credit, and tax incentive. We provide forward-looking advice on crucial matters like entity structuring and transaction timing to legally minimize your overall corporate tax burden.

Amending Past Returns

We provide personalized support before, during, and after filing. If you have made errors in your previous returns, our team will help you efficiently prepare and file Form 1120X (applicable to C corporations) to help you avoid additional penalties or interest.

Audit Representation

In the event of an IRS audit, we provide experienced representation. We act as your direct point of contact, managing all communications with IRS agents, preparing necessary documentation, and expertly defending your tax positions to ensure your rights are fully protected.

Cross-Border Expertise

If your U.S. corporation earns income in Canada or vice versa, we provide cross-border tax services that address issues like foreign tax credits, Form 5471 compliance, Treaty positions, and permanent establishment rules under the U.S.-Canada Tax Treaty.

Got Relevant Questions?

Here’s the Answer to Some Frequently Asked Questions

How is an S Corporation taxed differently than a C Corporation?

A C Corp pays taxes on its own profits. An S Corp is a “pass-through” entity, meaning profits are passed to the owners and taxed on their personal returns, which cleverly avoids the “double taxation” issue.

What are some common tax deductions that corporations often miss?

Many businesses overlook key deductions for things like asset depreciation, software expenses, and business vehicle use. Our detailed review process ensures you capture every single tax deduction you are legally entitled to claim.

How do estimated tax payments work for a corporation?

Corporations must pay their income taxes in quarterly installments to the IRS to avoid penalties. We help you accurately calculate and schedule these payments so there are no surprises at the end of the year.

What are the most important tax deadlines my corporation needs to know?

The main deadline is your annual tax return, typically due April 15 for most businesses. There are also quarterly deadlines for estimated taxes. We provide you with a clear calendar so you never miss an important date.

My business operates in more than one state. How do you handle that?

We specialize in multi-state tax compliance. We determine exactly where you need to file, handle the income apportionment correctly, and manage all state tax filings to ensure you remain fully compliant everywhere you do business.