Tax Services
Federal Tax
A plain-language walkthrough of what federal income tax compliance actually requires, year-round.
Federal Tax Doesn't Wait Until Tax Season
The IRS doesn't stop paying attention after April 15 - quarterly estimates, how your business is structured, and the records you keep all shape what you end up owing. Consider this the overview; our income tax preparation and planning services handle the details.
Planning built around your calendar, not just filing deadlines, so more of what you earn actually stays yours.
Key Things to Know
- Precision in Every Filing
- Planning That Runs All Year
- Guidance in Plain English
Ready when you are
Operational Milestones
Analyze
We start by looking at your income sources, how your business is structured, your deductions, and past filings to spot both risk and opportunity.
Plan
From there we map out a year-round approach - estimated payments, deduction timing, entity structure, and retirement contributions all included.
File & Monitor
Every required return gets prepared and filed electronically, and we stay in touch quarterly as your finances change.
Included Services & Outcomes
Waiting Until April Has a Cost
If taxes only cross your mind at filing time, you're likely looking at missed deductions, underpaid estimates, and penalties. Planning throughout the year is what separates overpaying from optimizing.
Questions
Federal Tax FAQ
Which business structures can MK Tax file federal returns for?
We handle sole proprietors (Schedule C), partnerships (Form 1065), S-Corporations (Form 1120-S), C-Corporations (Form 1120), LLCs, and businesses with multiple entities.
What's the actual benefit of planning throughout the year instead of just filing?
It gives us room to time deductions, adjust your estimated payments, pick the right entity structure, maximize what goes into retirement accounts, and find tax-saving moves before December 31 - rather than scrambling once the year is already closed.
Can you handle taxes for real estate investors?
Yes - real estate is an area we work in regularly, including depreciation schedules, passive activity rules, 1031 like-kind exchanges, cost segregation studies, and rental income reporting.
I'm self-employed / freelance - does that change things?
It does, and we account for it: estimated payments, home office deductions, tracking business expenses, and Schedule C preparation, all aimed at making sure you pay exactly what you owe and nothing extra.
What happens if the IRS audits me?
We're with you through it - handling correspondence, pulling together documentation, and representing you directly with the IRS to get the audit resolved as smoothly as possible.
Resources
Federal Tax insights
Let's talk about your federal tax situation
Set up a free consultation. We'll go over where you stand, quote a flat fee, and tell you plainly what we'd do differently.