Tax & Accounting Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. I offer a range of professional services to give you the individual attention that you deserve.
I will thoroughly and conscientiously study your personal situation, and tailor my advice to your specific needs.
Business Entity Selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. I can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Gift Tax Preparation
Have you given, or considered giving, cash or property to family members or others? Gifts may trigger a tax liability. Gift taxes are levied on the giver of gifts, not the receiver of gifts. With careful planning, an annual exclusion and a generous lifetime exclusion can shelter many gifts from taxation. I can help with the planning of gift-giving and file the necessary forms to comply with tax law.
IRS Representation
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, I can help you deal with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. I can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having me on your team, you are more likely to benefit from those opportunities. I understand how the latest federal, state and local tax legislation and other developments affect you and your business and I am identifying new ways to reduce federal, state or local tax liabilities.
Trust Tax Preparation
You may find yourself managing a trust for yourself or a loved one. A unique set of rules governs the income taxation of trusts, and the tax rates are more progressive than for individuals. If assets held in trust produce income or are sold, the trust may be subject to income taxes. I am available to handle trust-related tax matters.
Tax Resolution Services
Back Taxes Owed
Have you filed your tax returns every year, but not paid all the tax you owe? Maybe you just didn’t have enough money at the time and planned to pay more later. Unfortunately, the penalties and interest that are added to back taxes greatly increase how much you will ultimately owe the government. If you are delinquent on your taxes and haven’t yet heard from the IRS, you soon will. The IRS may place a lien on your property or a levy on your bank accounts or wages. The potential damage from unpaid back taxes can be financially ruinous, but it is often avoidable. I can help you assess your tax debt options and negotiate a workable payment plan with the IRS. Unpaid back taxes is a problem that rarely goes away on its own. Contact me today and resolve your tax liability issues.
Statute of Limitations
The Statute of Limitations dictates the amount of time allocated for certain tax-related actions. For example, the IRS has three years to audit your tax return or send you a refund, but they have ten years to collect after a tax has been assessed. There are some exceptions to the ten year collection rule. Applying for certain payment arrangements will suspend the ten year time frame while those arrangements are pending, but add extra time to the statute of limitations for your case once the suspension period is over. It is important to know when the Statute of Limitations expires, but it is just as important to know what to do with that information. I can help you make those decisions. Sometimes, filing for a certain status or payment plan can do more harm than good. Everyone’s tax debt issues are different and it is critical that all factors be considered. I will find out how the Statute of Limitations applies to your circumstances and then advise you as to the best course of action to take.