Alliance ValleyTax Group

The cost of tax preparation varies depending on the complexity of your financial situation, the forms required, and whether you are filing as an individual or a business. We offer competitive pricing and provide transparent quotes after assessing your specific needs.

An LLC offers flexible management and liability protection, but owners may pay self-employment tax on all profits. An S-Corporation is a tax designation that can reduce self-employment taxes by allowing owners to pay themselves a reasonable salary and take the rest as distributions. We can help you choose the best structure for your business.

For individuals, typical documents include W-2s, 1099s, mortgage interest statements, and receipts for major deductions. Businesses should provide profit and loss statements, payroll records, and expense logs. We will provide a specific checklist before your appointment.

The IRS generally recommends keeping tax records for at least three years from the date you filed your original return or two years from the date you paid the tax, whichever is later. However, in certain situations, it is safer to keep them for up to seven years.

Yes, we specialize in helping individuals and businesses get back into compliance with the IRS. We can assist in gathering the necessary information, filing past-due returns, and negotiating payment plans or penalty abatements if needed.

Professional bookkeeping ensures that your financial records are accurate, up-to-date, and compliant with tax laws. It saves you time, prevents costly errors, provides clear insights into your business's financial health, and makes tax preparation seamless and less stressful.

For most active small businesses, we recommend updating bookkeeping records at least monthly. This allows for accurate bank reconciliations, timely financial reporting, and proactive tax planning. Some high-volume businesses may benefit from weekly updates to maintain tight control over cash flow.

An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service (IRS). It is for individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security Number (SSN).

We can help you apply for an Individual Taxpayer Identification Number (ITIN). You will need to complete Form W-7 and provide proof of identity and foreign status. We can guide you through the certification process so you don't have to send your original documents to the IRS.

DBA stands for 'Doing Business As' (also known as a fictitious business name). It allows you to operate your business under a name different from its legal, registered name. You might need a DBA if you are a sole proprietor wanting to use a business name, or if your corporation or LLC wants to operate multiple businesses under different true names. We can assist you with the DBA filing process.