The Most Aggressive Tax Representation Allowed By Law

It's Time to Solve Your Tax Problem

Emergency, Evening and Early Morning Appointments Available 

 

For a Personal and Legally Privileged Consultation in our New York City Offices call (212) 974-3435 Payroll Taxes, Trust Fund Recovery Cases, Income and Sales Tax Controversies. We negotiate Payment Plans, compromise Tax Debts, and resolve all Civil and Criminal tax issues, including Innocent Spouse Relief and Separation of Liability. Selig & Associates provides the most aggressive Tax Representation allowed by law. 

 

     

Selig & Associates represents Business-Owners, Medical Practices, Contractors, Subcontractors, Day-Care Providers and Minority and Women Owned Businesses before the Internal Revenue Service, New York State Department of Taxation and Finance, New Jersey Division of Taxation, Department of Justice Tax Division and the Defense Office of Hearings and Appeals.

 

Are you ignoring your Tax Problem?

Emergency, Evening and Early Morning Appointments Available 

 

Call us Directly (212) 974-3435

 

 

We Represent Minority and Woman-Owned Businesses

We Help People with Tax Problems Qualify for the Contracts they Need 

 

21.09.2017
The Most Aggressive Tax Representation Allowed by Law
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The form of business you operate determines what taxes you must pay and how you pay them. The following are the five general types of business taxes. Income Tax Estimated Taxes Self-Employment Tax Employment Taxes Excise Tax Income Tax All businesses except partnerships must file an annual income tax return. Partnerships file an information return. The form you use depends on how your business is organized. Refer to Business Structures to find out which returns you must file based on the business entity established. The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. An employee usually has income tax withheld from his or her pay. If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. If you are not required to make estimated tax payments, you may pay any tax due when you file your return. For additional information refer to Publication 583. Estimated tax Generally, you must pay taxes on income, including self-employment tax (discussed next), by making regular payments of estimated tax during the year. For additional information, refer to Estimated Taxes.  Self-Employment Tax Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. Your payments of SE tax contribute to your coverage under the social security system. Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits. Generally, you must pay SE tax and file Schedule SE (Form 1040) if either of the following applies. If your net earnings from self-employment were $400 or more. If you work for a church or a qualified church-controlled organization (other than as a minister or member of a religious order) that elected an exemption from social security and Medicare taxes, you are subject to SE tax if you receive $108.28 or more in wages from the church or organization. Note: There are special rules and exceptions for aliens, fishing crew members, notary public, state or local government employees, foreign government or international organization employees, etc. For additional information, refer to Self-Employment Tax. Employment Taxes When you have employees, you as the employer have certain employment tax responsibilities that you must pay and forms you must file. Employment taxes include the following: Social security and Medicare taxes Federal income tax withholding Federal unemployment (FUTA) tax For additional information, refer to Employment Taxes for Small Businesses. Excise Tax This section describes the excise taxes you may have to pay and the forms you have to file if you do any of the following. Manufacture or sell certain products. Operate certain kinds of businesses. Use various kinds of equipment, facilities, or products. Receive payment for certain services. Form 720 - The federal excise taxes reported on Form 720, consist of several broad categories of taxes, including the following. Environmental taxes. Communications and air transportation taxes. Fuel taxes. Tax on the first retail sale of heavy trucks, trailers, and tractors. Manufacturers taxes on the sale or use of a variety of different articles Form 2290 - There is a federal excise tax on certain trucks, truck tractors, and buses used on public highways. The tax applies to vehicles having a taxable gross weight of 55,000 pounds or more. Report the tax on Form 2290. For additional information, see the instructions for Form 2290 . Form 730 - If you are in the business of accepting wagers or conducting a wagering pool or lottery, you may be liable for the federal excise tax on wagering. Use Form 730, to figure the tax on the wagers you receive. Form 11-C - Use Form 11-C, Occupational Tax and Registration Return for Wagering, to register for any wagering activity and to pay the federal occupational tax on wagering. Excise tax has several general excise tax programs. One of the major components of the excise program is motor fuel. For additional information, refer to Excise Taxes. Emergency, Evening and Early Morning Appointments Available       For a Personal and Legally Privileged Consultation in our New York City Offices call (212) 974-3435 Payroll Taxes, Trust Fund Recovery Cases, Income and Sales Tax Controversies. We negotiate Payment Plans, compromise Tax Debts, and resolve all Civil and Criminal tax issues, including Innocent Spouse Relief and Separation of Liability. Selig & Associates provides the most aggressive Tax Representation allowed by law. 

 

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