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. Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve. We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
Tax Preparation
We provide professional tax preparation services for individuals, families, small business owners, and corporations.
- Individual Income Tax Preparation
- Small Business Tax Return Preparation
- Partnership Tax Return Preparation
- Corporate Tax Return Preparation
- Estate Tax Return Preparation
- Gift Tax Return Preparation
- Not for Profit Business Tax Return Preparation
- Employer’s Quarterly Tax Return
- Tax Identification Number Application Preparation
- Non-Resident Tax Return Preparation
- State Tax Return Preparation (all applicable U.S. states)
- And More!
For any of the above:
- Prior Year Tax Return Preparation
- Amended Return Preparation
- Delinquent Return Preparation
- Bookkeeping
- Free Review of outside and self prepared returns
Tax Return Filing Options:
- FREE Electronic Filing
- Direct Deposit & Direct Debit
- Federal Refund Checks (processed in 8-15 business days)
- State Refund Checks (processing time varies by State)
Tax Audit – Examination/Audit of Tax Returns
What is an IRS audit?
An IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate.
Selecting a return for audit does not always suggest that an error has been made. Returns are selected using a variety of methods, including:
- Random selection and computer screening – sometimes returns are selected based solely on a statistical formula.
- Document matching – when payor records, such as Forms W-2 or Form 1099, do not match the information reported.
- Related examinations – returns can be selected for audit when they involve issues or transactions with other taxpayers, such as business partners or investors, whose returns were selected for audit.
During this process the IRS and/or state taxing agency wants to see proof of the type of income and expenses claimed (in the form of invoices, receipts, bank statements and etc) to determine the income and the expenses that were listed are valid.
If you are faced with IRS audit or state tax audit, it is in your interest to have a qualified tax professional to represent your interests. We represent individuals and individuals to minimize any potential tax increase.
Please call us for a consultation.
Audit Reconsideration
An Audit Reconsideration is the process the IRS uses to reevaluate the results of a prior audit where additional tax were assessed and remains unpaid, or a tax credit was reversed. If the taxpayer disagrees with the original determination, he/she must provide information that were not previously considered during the original examination. When contesting a Substitute for Return (SFR) determination filed by the IRS, a taxpayer can request this process by filing an original delinquent return.
Reasons for a Request
- You did not appear for the audit.
- You moved and did not receive the correspondence from the IRS.
- You have new documentation to present.
- You disagree with an audit assessment from an audit of his/her return and have additional document.
- You disagree with an assessment created under the authority of IRC Section 6020(b), Substitute for Return (SFR).
- You have been denied tax credits such as EITC claimed, during prior examination.
Criteria for Reconsideration
- The taxpayer must have filed a tax return.
- The assessment remains unpaid or the Service has reversed tax credits that the taxpayer is disputing.
- The taxpayer must identify which adjustments he/she is disputing.
- The taxpayer must provide additional information not considered during the original examination.
- If any of these situations pertains to you, please contact us for a consultation.
Tax Planning
Planning for your next year taxes starts now.
- Adjust your withholding. This is a good time to review your withholding to make sure that you have the appropriate amount of taxes withheld to prevent from owing taxes in the upcoming seasons. If you owed tax when you filed, you may need to increase the federal income tax withheld from your wages. Use the IRS Withholding Calculator at IRS.gov to complete a new Form W-4, Employee’s Withholding Allowance Certificate.
- Estimated Tax Payments should be made quarterly if you are self-employed. Please seek the guidance of your tax professional. Making EST can minimize or reduce any taxes that may be due when filing your returns.
- Store your return(s) and documentation in a safe place. If you need to refer to your return in the future, you will know where to find it. For example, you may need a copy of your return when applying for a home loan or financial aid. You can also use it as a helpful guide for next year’s return.
- Organize your records. Establish one location where everyone in your household can put tax-related records during the year. This will avoid a scramble for misplaced mileage logs or charity receipts come tax time.
- Consider itemizing deductions. If you usually claim a standard deduction, you may be able to reduce your taxes if you itemize deductions instead. If your itemized deductions typically fall just below your standard deduction, you can ‘bundle’ your deductions. For example, an early or extra mortgage payment or property tax payment, or a planned donation to charity could equal some tax savings. See the Schedule A, Itemized Deductions, instructions for the list of items you can deduct.
- Keep up with changes. Find out about tax law changes, helpful tips and IRS announcements all year by subscribing to IRS Tax Tips through IRS.gov or IRS2Go, the mobile app from the IRS. The IRS issues tips regularly during the summer and tax filing season.