Besides the vast array of services that we provide, we offer some of the best tax and accounting services because we take an extra initiative to understand your business in dept. This helps us to provide you quality service. Some of our services that we provide are listed below:
- Individuals - 1040, 1040A, 1040EZ, 1040NR
- Partnerships - 1065
- Corporations - 1120, 1120S
- Fiduciaries - 1041
- Non-Profits - 990
- Estate & Gift Tax - 706
- Income tax /Estate Tax planning
- Payroll tax reporting 940,941, 944
Being in a best financial position is everyone's dream and with our representation on your back taxes and similar cases, this dream is a possibility. Due to our vast experience in this industry, we are able to offer solutions that are ought to resolve your issues and be at a better place than right now.
- IRS & State Tax matters
- Offer & Compromises issues
- Business and Personal Tax Problems
- Income, Corporate and Estate Taxes
- IRS Office of Appeals
- Claim for Refund
- Installment Agreements Payments
- Innocent Spouse Claims
- Employment and Payroll Taxes
- Trust Fund Taxes
Publication 17, 596
a. Publication 17 is the general overview all the main Federal income tax issues that an individual has to deal with. Most of the individual taxpayer can get a good understanding of their taxes by referring to Publication 17.
b. Publication 596 covers Earn Income Credit (EIC). Earn Income Credit (EIC) is a refundable credit which is given to low income individuals. If an individual qualify for Earn Income Credit he/she can adjust his/her withholding accordingly to get the credit through out the year rather then at the end of the year. For more information please refer to Publication 596. Publication 596 provides all the information individuals need to determine if they qualify for EIC.
Offer and Compromise
a. An offer in compromise (offer) is an agreement between you (the taxpayer) and the IRS that settles a tax debt for less than the full amount owed. The offer program provides eligible taxpayers with a path toward paying off their debt and getting a "fresh start." The ultimate goal is a compromise that suits the best interest of both the taxpayer and the IRS. To be considered, generally you must make an appropriate offer based on what the IRS considers your true ability to pay. Submitting an offer application does not ensure that the IRS will accept your offer. It begins a process of evaluation and veriication by the IRS, taking into consideration any special circumstances that might affect your ability to pay. Generally, the IRS will not accept an offer if you can pay your tax debt in full via an installment agreement or a lump sum.
Due Diligence for EIC purpose and Ethics (Pub 4933)
a. Avoid IRS audit by doing due diligences. Due diligence includes keeping good records and documentations of finances and dealings. Due diligences is especially important when it comes to Earn Income Credit. Taxpayer should provide identification of themselves and their dependents. Publication 4933 explains due diligence in detail.