Orbin Primacy is a
dedicated & registered Electronic Return Originator (ERO)
with the IRS and governed by Circular 230 of IRS Rules. When
compared to the other tax consultants in Industry, we are
differentiated for its transparency and with its unique
procedures and accuracy diligently respects the establish time
frame.
We engages only CPA's, EA's, Chartered Accountants, MBA's and
registered tax return preparers (RTRP) who hold preparer tax
identification number (PTIN). We assure 100% accuracy in the tax
preparation and our knowledgeable staff are available to advise
you.
You and any dependents claimed on your tax return must have
either SSN (Social Security Number) or an ITIN (Individual
Taxpayer Identification Number), or your return will not be
accepted by IRS. For anyone filing a tax return or claimed as a
dependant who is not eligible for a Social Security Number, an
Individual tax Identification Number (ITIN), issued by the IRS,
is required.
Orbin Primacy provides
economical services to get Taxpayer Identification Number
(ITIN), efficiently and effectively, and need not face the IRS
officer without knowledge of IRS Provisions.
Tax Payer needs to visit IRS office along with ITIN
applicants such as spouse and kid's carrying Federal Tax
copy, ITIN applications and original Passports. IRS person
will verify all the documents together with original
Passports and accept the Tax Return (Original Passport will
be returned after the verification).
Note:
Nearest IRS Office address and all instructions will be
provided by
Orbin Primacy.
Tax Payer needs to certify the Passports of ITIN applicants
through Indian Embassy/MEA. After sign the documents
(Federal tax return and ITIN applications) where need to be
signed, the Tax Payer shall post all the documents along
with the certified passport copies to the IRS address.
Note:
Orbin Primacy assists
the Tax Payer if required, in getting the Certified Passport
Copies.
Any United States person is a Citizen or Resident who has financial interest in or Signature authority, or other authority over any financial account in a foreign country and if the aggregate value of these accounts exceeds US $10,000 at any time during the calendar year must file a report of Foreign bank and financial accounts by 30th June 2016 for the Calendar Year 2015.
FATCA requires certain U.S. taxpayers who hold foreign financial
assets with an aggregate value of more than the reporting
threshold (at least $50,000) to report information about those
assets on Form 8938, which must be attached to the taxpayer's
annual income tax return.
Specified foreign financial assets include foreign financial
accounts and foreign non-account assets held for investment (as
opposed to held for use in a trade or business), such as foreign
stock and securities, foreign financial instruments, contracts
with non-U.S. persons, and interests in foreign entities.
Professional representation can be Vital during an audit, and our experience with tax authorities enables us to guide clients in their dealing with Federal and State Agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking you.
An individual retirement account is an investing tool used by
individuals to earn and earmark funds for retirement savings.
There are several types of IRAs as of 2016: Traditional IRAs,
Roth IRAs, SIMPLE IRAs and SEP IRAs. Sometimes referred to as
individual retirement arrangements, IRAs can consist of a range
of financial products such as stocks, bonds or mutual funds.
If you withdraw money from your traditional IRA before age 59 1/2, there's a 10 percent early withdrawal penalty, and that's in addition to the income tax due on each withdrawal. However, you can take penalty-free 401(k) withdrawals beginning at age 55, if you leave the job associated with that 401(k) account at age 55 or later.
If you withdraw money from your 401(k) when you change jobs, 20 percent will be withheld for income tax. However, you can avoid the tax withholding, and the potential to trigger penalties and fees, if you transfer the money directly from your 401(k) to the trustee of another 401(k) or IRA.
File an Income tax return (Form 1040, 1040A, or 1040EZ) and pay
any tax due by APRIL 18th.
If you want an extension of time to file your tax return file
Form 4868, application for extension of time for 6 months. Then
file form 1040, 1040A, or 1040EZ by OCTOBER 15th.
Forming an entity can be a daunting process, but we can assist with making the incorporation process seamless. Our trained professionals can prepare the necessary documents (in most states) to form a variety of entities, including corporations, limited liability companies (LLCs) and partnerships. Whether you choose to prepare the documents yourself or enlist our help, we can assist with your incorporation process from start to finish.
In us, a business entity can be in corporated under different types.
A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner may operate the business alone or with other people. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgments against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment and/or retail fixtures, as well as any real property owned by the business.
A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three most prevalent types of for-profit partnerships are general partnerships, limited partnerships, and limited liability partnerships.
A Limited Liability Company (LLC) is a combination of the corporate and partnership forms of business. In an LLC parties control shares of the company and like corporations, their liability for the operations of the company is determined by their level of investment. However, like partnerships, income tax is not paid at the LLC level, but rather it is "passed through" and taxed at the shareholder level. This somewhat complicated form of business entity should be discussed further with an attorney or accountant to determine if it will fit your needs.
The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned. They can organize either for profit or as not-for-profit organizations. A privately owned, for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff. A privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly held, with publicly traded shares listed on a stock exchange.
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following.