We serve clients and address their tax needs, ensuring that they are in compliance with the IRS and that they take advantage of every benefit available
If you've received a letter from the IRS, bring it in and we'll work with you to resolve any issue. Services include Offer in Compromise(OIC) and prior years' tax filing.
Includes services such as setting up personal business EIN, ITIN support, and customized tax consulting that meets each customer's needs.
For those in the Transportation industry, we can help you with deductions on fuel and transportation costs that are often overlooked.
An ITIN, or Individual Taxpayer Identification Number, is a tax processing number only available for certain nonresident and resident aliens, their spouses, and dependents who cannot get a Social Security Number (SSN). It is a 9-digit number, beginning with the number "9" formatted like an SSN (NNN-NN-NNNN).
To obtain an ITIN, we can help you complete IRS Form W-7, IRS Application for Individual Taxpayer Identification Number. The Form W-7 requires documentation substantiating foreign/alien status and true identity for each individual.
ITINs are pretty important as they provide certain individuals access to opening financial accounts like credit cards and bank accounts, getting loans (personal, mortgage or auto), and filing for tax credits such as the Child Tax Credit.
In the U.S., the film entertainment business generates billions of dollars of revenue each year. Besides the finished product the success of this industry is due in large part to the crew behind the scenes that make every shot possible.
The LTS has years of experience in working with the film industry as we have provided tax solutions for crewmembers affiliated with Marvel's "Black Panther" and "Avengers" franchises as well as television's "The Walking Dead" among other works. From location managers to camera operators to production staff, we understand the tax obstacles that these artisans face and have the tools to ensure that they unlock all the tax benefits available to them.
Whether you are an Independent Contractor, Freelancer, or Artist, we understand the tax obstacles that exist for those who are self-employed. The LTS is more than able to assist clients with calculating estimated taxes, organizing 1099s, expenses that are eligible deductions, and so much more.
There are many benefits to owning a small business in this economy. The Internal Revenue Service (IRS) allows for business credits and deductions that you as a small business owner may or may not be aware of.
Legacy Tax Specialists will ensure that you take advantage of all of these opportunities and to ensure that your taxes are in line.
