End the Fear of Tax Season With Professional Preparation Guidance From a Trusted Accounting Firm

These days you have a lot of options when it comes to personal income tax preparation, from do-it-yourself software and e-filing to national chain outlets to individual CPAs and professional tax accounting firms. For some individuals, income tax preparation is relatively straightforward, just fill out a few simple forms and you’re done. But for most people with families, investments, businesses, and other complicating factors, handling personal tax preparation is anything but easy. Which tax preparation route you choose depends largely on your level of tax knowledge and recent financial factors. Did you start a new business? Do you have kids in college? Are you affected by estate and trust matters? Do you own rental properties?

All of these questions, and so many more, can have a tremendous impact on the number of deductions you receive and, ultimately, the amount of taxes you pay. So don’t allow your ignorance of today’s mind-boggling tax codes to keep you from getting every last dollar you deserve. Make this the year you forgo the do-it-yourself software and national chains for the real, honest-to-goodness guidance of a professional accounting firm.

Many of today’s sought-after tax accountants and CPAs offer complimentary consultations to briefly review your financial history and ascertain your need for counsel. Consider this your opportunity to compare how you’ve handled your taxes in the past with what you can expect to obtain from a certified tax specialist. For starters, you can count on a fully licensed firm of accountants and tax attorneys to provide:

* In-depth understanding of local, state, and federal tax laws
* Step-by-step assistance with tax preparation and filing
* Expert strategies for back tax relief
* Customized solutions to individual tax issues
* Skilled negotiations with the IRS
* And more

If it’s back income tax troubles you’re worried about, having an experienced tax advocate on your side can be particularly helpful. Whether you underpaid your taxes or filed a delinquent return, you could find yourself slapped with a slew of fees and fines for failing to comply with the tax codes. By working with a competent tax accountant or attorney, you can avoid the drastic fallout of harsh IRS penalties and ensure effective remedies for wage garnishment, property liens, and more.

So don’t risk making tax mistakes that could wind up costing you in the end. Instead of going it alone, contact your local CPA tax firm today to ask about a complimentary consultation.

Tips for Dealing With IRS Back Taxes and Avoiding Financial Trouble

Owing back taxes can cause you a vast amount of personal and financial stress. Dealing with them as soon as possible can greatly improve your financial situation.

Putting off dealing with money that you owe the IRS for unfiled taxes is not an advisable course of action. If you don’t resolve your tax issues right away, you could face severe penalties from the IRS, such as wage garnishment or a even bank levy. To avoid these kinds of consequences, filing back tax returns and paying outstanding tax debts should be a top priority in your life. The simple truth is that these steps can remove a lot of stress and give you more options.

Get Started Today

Even if you can’t afford to pay your tax liabilities in full, it’s important for you to file your back tax returns as soon as possible. The longer you put off filing, the more money you are going to owe in the end. Penalties and interest are going to keep accruing over time, and it’s only going to make your financial situation worse. If you file your back tax returns today, then you can get started paying down the debt over time and give yourself some peace of mind. Deciding that you’re not going to procrastinate any longer is the first step in getting rid of your tax debts and paving the way for financial freedom.

Finding a Way to Pay

Many people who have tax issues don’t always have the money to pay when they file their back tax return. You don’t always have to shell out to the IRS the total sum of your bill at the time you file, and there are lots of ways that you can work out payment plans or even settlement options. You need to keep in mind that you won’t even be able to consider these solutions unless you get started as soon as possible and file your back tax return. Once you’ve filled out the proper paperwork, then you can start thinking about ways you can pay the money that you owe. Outstanding tax liabilities can ruin your credit score and will undermine your financial situation if you don’t address them right away.

Consider Hiring a Tax Professional

Dealing with back taxes can be a stressful ordeal, especially when it comes to trying to negotiate with the IRS and come up with an option for repayment. If you’ve given it a go on your own but don’t feel comfortable that you’ll be able to reach an agreement, you may wish to consider hiring a tax professional. Securing an offer in compromise or another form of settlement with the IRS can be tricky, and it’s often helpful to have an experienced enrolled agent or other type of tax advocate on your side. Consulting a tax pro to help you deal with back taxes could be the best way for you to handle your financial problems and achieve financial freedom.

Tax Disputes and the Taxpayer’s Ombudsman

Experts specializing in tax issues especially tax disputes believe that the two developments that are of huge significance for all citizens were the enactment of the Restructuring and Reform law at the turn of the last millennium and the creation of the Taxpayer Advocate Service (abbreviated as TAS). The Service, which works in a similar fashion as many Ombudsman, was created to help taxpayers where, the system failed to function as expected. Thankfully, for the most part of its life, it has rendered exceptional service to the US citizens.

Sadly, the very health and wellbeing of the TAS is now in great jeopardy. The IRS Commissioner Douglas H. Shulman has cautioned that the budget cuts expected to be put in place by the Federal Government were going to have a heavy toll on the service and enforcement duties of the IRS. What should really baffle the mind of any right-thinking citizen is nobody in Congress has reacted in any helpful way to his warning.

The TAS constitutes the service side, and as the years have gone by, the Commissioner and other highly placed officials at the IRS have grown frustrated and uneasy with the efficiency displayed by the TAS in sorting out taxpayers’ problems, and always appears to be on an unending mission to neutralize its authority. For instance, on October 1st 2011, the TAS announced that the IRS was acting as a limiting factor in its taking up matters which involved a delay by the IRS in processing tax documents, in cases where the individual’s issue was not immediately threatened by enforcement action or under any other kind of financial burden.

For some time now, especially the period after the IRS reconstitution in the late 20th century, several changes seem to have taken place. These include change in personnel, tackling the issue of unpostable payments and remittances, dealing with amended returns and payments, claims by innocent spouses, and performing routine duties.

Any diligent taxpayer has undoubtedly experienced numerous cases where a normal filing has somehow disappeared at the IRS offices, and attempts to deal with the officials at the IRS have seemed a futile exercise. It is only the TAS that has been successful in sorting out the traffic and getting things moving again. Now, it is becoming crystal clear that the very existence of this source of help is shrouded in doubt. If the government carries on its threat to reduce the budgetary allocation for the Tax advocate, the ability of the organization to assist taxpayers as it traditionally has will be severely hampered.

If the Congress has its way, and the TAS is scrapped, any taxpayer with an IRS challenge that only the TAS could tackle, one will be told by any tax professional that there is just no recourse anymore.

What remains is for every taxpayer to petition their Congressmen and Congresswomen to reject the IRS Commissioner’s weird proposal to cut the budgetary allocation for the TAS. On the contrary, the TAS needs to be strengthened for the sake of every diligent taxpayer!