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Business

Our services include preparation of federal and state income tax returns along with developing tax depreciation schedules and tax payment calculations.  Our goal is to reduce your tax liabilities using interpretations of the tax law based on substantial authority from authoritative sources.
Our business tax services include -

  • Preparation of 1120 corporate income tax returns
  • Preparation of 1065 partnership income tax returns
  • Preparation of 1120S income tax returns
  • Tax depreciation records
  • Tax estimate calculations

Corporate Tax Estimates

There are payment requirements for corporations to avoid underpayment penalties and interest.  Learn more about estimated tax requirements here.

Articles

Kiesling Associates has produced several resource articles on common tax interest areas. Learn more in our article archive here.

Cost Segregation

A Cost Segregation Study is a comprehensive analysis of capital expenditures on a new construction project, major remodeling or alteration, leasehold improvements, or purchase of an existing building.  The purpose of separating those expenditures into the appropriate asset classifications are for tax savings and cash flow for the owner/investor.Learn more about cost segregation services here.

Due Date Calendar

The IRS has issued publication 1518 containing a calendar of tax related due dates for business and individuals. Download a copy of the publication here.

Sales Tax

Sales taxes are complex and routinely inconsistently applied from state to state and even within the same state. Learn more about sales taxes here.

Forms & Policies

Certain employee benefits may require policies in place to comply with tax laws. A sample of policies can be found here.

News & Announcements

Automobile Depreciation Deduction Limits

The IRS has updated its limitations on depreciation deductions for owners of passenger automobiles first placed in service during 2010 and the amounts to be inlcuded in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2010.

For passenger autos the depreciation limit is $3,060 for the first tax year, $4,900 for the second tax year, $2,950 for the third tax year, and $1,775 for each successive tax year.  Trucks and vans are $3,160 for the first tax year, $5,100 for the second, $3,050 for the third, and $1,875 for each successsive tax year.

Lease tables and further details on deductions can be found at IRS Rev. Proc. 2010-18.

 

Valuing employer-provided vehicles in 2010

(1) The maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2010 for which the vehicle cents-per-mile valuation rule provided under section 1.61-21(e) of the Income Tax Regulations may be applicable is $15,300 for a passenger automobile and $16,000 for a truck or van; (2) the maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2010 for which the fleet-average valuation rule provided under section 1.61-21(d) of the regulations may be applicable is $20,300 for a passenger automobile and $21,000 for a truck or van.

Important Dates & Events

Corporate Tax Payments.
December 31 fiscal year corporate filers are required to file or extend their return by March 15, 2010.  EFTPS payments should be initiated by March 12th.
Personal Tax Payments
1st quarter estimated tax payments are due April 15, 2010.