$150.00 – $200.00
The United States federal income tax is levied by the Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities. Federal income taxes for individuals apply to all forms of earnings including wages, salaries, commissions, bonuses, tips, investment income, and certain types of unearned income.
Your company’s income, expenses, and other relevant tax data are reported on a federal tax return, which is a record that is filed with the IRS each year. It is essential for maintaining legal compliance and making sure your company pays the right taxes.
Additionally, it aids in keeping accurate financial records and may be crucial for obtaining investments or company financing.