Business Tax Attorneys - Rockville, MarylandIRS - Maryland SDAT - DC Office of Tax and Revenue - Virginia Department of TaxationBusiness managers can often avoid tax controversies by understanding the tax laws. A corporate and business tax attorney of the Rockville, Maryland tax litigation law firm Kundra & Associates can be called upon to give seminars for attorneys and corporate professionals on issues such as employment tax liability and corporate finance. Kundra & Associates provides comprehensive advice to businesses of all sizes, from corporations to entrepreneurial businesses and sole proprietorships. When tax problems arise, a corporate and business tax lawyer from Kundra & Associates can offer vigorous defense regarding all types of tax controversies, including tax evasion or fraud. The information in this Business Tax Planning Center is general and does not necessarily relate to your specific tax concern. To schedule a consultation regarding corporate tax controversies or disputes confronting your business, contact a tax lawyer at Kundra & Associates. Tax Planning - An OverviewTax planning is a major concern for every business. Improper planning could result in several negative consequences, including an extremely high tax bill and an Internal Revenue Service (IRS) audit. In addition to the federal income tax, there are a number of other tax issues that a business must consider. There may be state tax, local tax, sales tax, payroll tax, employment tax, capital gains tax, estate tax and gift tax obligations for which the business must plan. A comprehensive tax plan can help ensure that your business complies with all the applicable tax regulations. A tax attorney can assist your business with creating a complete tax plan. Tax Laws Affecting BusinessesA tax is a compulsory payment by an individual or business entity to a governmental body. Federal, state, city, county and other governmental entities impose taxes on both businesses and individuals. A business must plan for all of these potential tax obligations. An attorney who practices tax law can advise your business about applicable state and local taxes to which your business may be subject. Federal Income TaxFederal income tax is the largest contributor of revenue to the federal budget. Income tax law is complex, especially when applied to businesses. It is critical for businesses to have an understanding of these laws and how they will affect the business' tax liability and bottom line. A tax attorney can assist your business with understanding and complying with federal income tax laws. Income Tax Deductions for BusinessesCareful planning can allow a business to lessen its tax liability by using qualified income tax deductions. The Internal Revenue Code can be a daunting piece of text. It is exceedingly long and detailed. In addition, most sections of the IRC have corresponding regulations that further help to interpret its provisions. However, a basic understanding of deductions is important as they may lessen your business' tax liability. A tax attorney can help your business minimize its tax obligation with federal income tax deductions. Business Organization and TaxationWhen deciding which type of entity is right for your business, it is important to consider the tax implications. Each entity is subject to different taxation requirements. The most common types of domestic business entities are sole proprietorships, partnerships, corporations and limited liability companies. A tax attorney can help you weigh the tax advantages and disadvantages of the different business forms.
Kundra & Associates, with its primary office located in Rockville, Maryland, advises and defends individual and business clients in tax controversies and tax litigation with the IRS and state and local tax authorities. The firm represents American citizens living abroad, as well as local and national clients in Maryland, Virginia, and Washington, D.C., in communities such as Bethesda, Frederick, Baltimore, Ellicott City, Annapolis, Gaithersburg, Upper Marlboro, Potomac, Germantown, Montgomery Village, Columbia, Silver Spring, Catonsville, Elkridge, Glen Burnie, Pikesville, Towsen, Cockeysville, Westminster, Taneytown, Thurmont, Myersville, Hagerstown, Arlington, McLean, Alexandria, Annandale, Springfield, Fairfax, Reston, and other communities in Montgomery County, Howard County, Baltimore County, Anne Arundel County, and Prince George's County.The firm also represents clients internationally in countries such as the United Kingdom, France, India, Canada, Africa, Cyprus, Lebanon, Belgium, Italy, Israel, Mexico, Ghana, Nigeria, Venuzuela, Columbia, Zimbabwe, South Africa, China, Pakistan, Afganistan, Indonesia, Bahamas and the Caymen Islands. Kundra & Associates Tax Attorneys 900 19th Street, NW, Suite 400 |