Tax planning is critical to self-employed and small business taxpayers. It is the first step to ensuring you are paying the lowest amount of tax that is legally possible. There are many ways to structure a business to lower the overall tax rates on the enterprise. There are many more ways in which to end up in a structure that is not optimized for your business goals or taxation.
My planning service is developed out of consultations with you about your business, your prior returns, and projections. Entity choice, accounting method, financing structure, benefit plans are all looked at from a tax optimization perspective. The plan we create is reviewed against your actual results going forward and adjustments are suggested as they become necessary.
Tax Compliance and Preparation
The core of my business is compliance and preparation services. I offer these services year-round and at competitive rates. My tax prep clients enjoy a consultation with me annually and phone consultations all year, included in the prep fee. E-file is of course free and encouraged. For new clients, prior year returns are also analyzed at no additional fee. The forms that I prepare are listed here:
- Federal 1040, all related schedules,
- Current and prior years,
- All state returns, all related schedules
- Single member LLC's, sole proprietor
- Partnerships, Multi-member LLC as partnership or corporation, most schedules
- Corporations, C or S, most schedules
Exam & Collection Representation
If your returns have been placed under exam by the IRS I can help. I can be your representative with the agency, appearing before them in your place and handling all communication. I have a lot of experience in exam and I can quickly assess your case and let you know what the likely outcome will be and what is and is not possible. I have represented taxpayers in correspondence, field, office, and National Research Project Exams (random, comprehensive audits).
If you are delinquent on filing past year tax returns I can prepare them for you. Once you are in compliance with your filing responsibilities I can negotiate a payment plan with the agencies, qualify you as a non-collectable account, or qualify you as an Offer-in-Compromise candidate.
Working on examination or collection issues with the IRS is not something that you should take on alone. Contact me if you need help in these matters.