{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What's the difference between tax compliance and tax planning?","acceptedAnswer":{"@type":"Answer","text":"

Tax compliance ensures your returns are filed accurately and on time. Tax planning, on the other hand, involves proactive strategies to reduce your tax burden before filing. At Orsak CPAs, we offer both - and they work best when coordinated together.\n
\nLearn more on our Tax Planning page.

"}},{"@type":"Question","name":"Do I need to file a Texas Franchise Tax return if I had no income?","acceptedAnswer":{"@type":"Answer","text":"

Yes. In Texas, many entities must file a franchise tax return regardless of income. Failing to file may lead to forfeited entity status. We help you understand your filing obligation and avoid penalties.\n
\nFor more details, see our State Franchise Income & Tax Return page.

"}},{"@type":"Question","name":"What if I received a notice from the IRS or state?","acceptedAnswer":{"@type":"Answer","text":"

Notices aren't always bad - but they must be handled carefully. We review the notice, explain its implications, and correspond with the IRS or state agency on your behalf. If needed, we also handle amended returns and appeals.

"}},{"@type":"Question","name":"Can you help with K-1s for my business or trust?","acceptedAnswer":{"@type":"Answer","text":"

Absolutely. We generate accurate Schedule K-1s for:\n

Partnerships and S-corps
Trusts and estates
Multi-tiered entities

\nWe also help recipients understand what each part of the K-1 means.\n
\nThese services often align with our Estate & Trusts services.

"}},{"@type":"Question","name":"How do I know if I'm missing required filings?","acceptedAnswer":{"@type":"Answer","text":"

We conduct multi-year compliance reviews and compare IRS transcripts against your historical filings. This is especially helpful for new clients or those seeking a clean slate.

"}}]}