Taxes.
Need we say more?

CORPORATE TAX RETURNS (Department of Revenue)
ANNUAL RETURNS (Secretary of State)

Sure, the Department of Revenue and Secretary of State are comprised of ordinary folks just like us. The only difference is they hold the authority to put you out of business should you fail to follow the rules. Let’s make sure that doesn’t happen to you.

State Requirements
For those states in which your agency holds a Certificate of Authority; certain filings are required on an annual or biennial basis. The Secretary of State requires an annual or biennial return updating directors & officers as well as agency address. The Department of Revenue requires Corporate Tax Returns based on business conducted in their state, including zero reports where no business is conducted.

No Messing Around
It goes without saying how important it is that these filings are made on a timely basis every year. Failure to file Corporate Tax Returns in a timely manner can result in penalty fees, loss of good standing and revocation of the client’s certificate of authority to do business in that state for non compliance. Reinstatement of your certificate of authority would be necessary at that point, which can vary from state to state.

The ILSA Tax Relief Plan
No, we can’t alleviate the whole mess, but ILSA can make it a whole lot easier. Our team researches and tracks all necessary filings, then prepares the Annual and Corporate Tax Returns and submits them to the appropriate state agency on your behalf.  ILSA requires a copy of your filed federal income tax return for proper preparation and filing of the corporate tax return for certain states.

New Clients
For new clients joining the annual and corporate services, our specialized department will research each state the client is corporately qualified in to make sure the agency is in good standing. If any overdue reports need to be processed, our department will complete all the necessary paperwork and forward to the client for signature.

For further information concerning Corporate Tax Returns, please contact us at (254)729-8002 and speak with Joyce King ext. 6122 (jking@ilsainc.com) or Tammy Kluna ext. 6184 (tkluna@ilsainc.com), ILSA’s tax team management staff.