5000 Sunnyside Ave, Ste 300, Beltsville, MD 20705
info@fantchofinancial.com
+1 202-294-7656
About Us
Short Story About Fantcho Tax & Financial Services, LLC.
We believe in the value of relationships. We view every client relationship like a partnership and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience, and financial acumen. We provide a variety of services including Income Tax Preparation for all types of businesses and individuals, IRS and State Audit Representation, Payroll Reporting, QuickBooks® setup, support and training, Business startup services, Monthly bookkeeping, Financial statements – making sure your financial records are timely and accurate. Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology, and extensive business relationships is indicative of our commitment to excellence.
TAX RETURNS
Assistance with your personal and your business tax matters, in a responsive and accurate manner.
PAYROLL
Pay your employees quickly and easily with our Payroll Services. Our plans are designed to swiftly create paychecks and calculate payroll taxes.
BOOKKEEPING
Comprehensive bookkeeping and accounting services to guarantee your business operates at maximum potential.
BUSINESS FORMATION
LLC formation in your state Creation of an operating agreement Obtain Your Tax ID Number (EIN) File an S Corp election with the IRS Employer Registration in your state Provide a registered agent for your business Alerts for annual compliance filings
Penalties for Non-Compliance with BOI Reporting Requirements
As specified in the Corporate Transparency Act, a person who willfully violates the BOI reporting requirements may be subject to civil penalties of up to $591 for each day that the violation continues. However, this civil penalty amount is adjusted annually for inflation.
A person who willfully violates the BOI reporting requirements may also be subject to criminal penalties of up to two years imprisonment and a fine of up to $10,000. Potential violations include willfully failing to file a beneficial ownership information report, willfully filing false beneficial ownership information, or willfully failing to correct or update previously reported beneficial ownership information.
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News Feed
News Updates.
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Get Ready for Tax Season 2023: Your Guide to Filing Quickly and Efficiently
Read MoreGet prepared for 2023 tax season with this comprehensive guide from Fantcho Financial. Learn everything you need to know about filing your IRS and State returns, including the start date, filing deadline, and available extensions. Make the most of your tax season and get your refund faster.
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Choosing a Tax Professional: Tips for Hiring the Right Tax Return Preparer
Read MoreWhile most tax return preparers provide honest and quality service, some may cause harm through fraud, identity theft, and other scams. It is crucial for taxpayers to understand who they are choosing and what important questions to ask before hiring a tax professional.
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Maximizing EITC Benefits
Read MoreFantcho Financial is proud to announce that the IRS and its nationwide partners have started their Earned Income Tax Credit Awareness Day outreach campaign to help low-income Americans take advantage of the Earned Income Tax Credit (EITC). The EITC is a valuable tax credit for workers with low to moderate income and is designed to offset the burden of Social Security taxes and encourage work.