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Income Tax Obligation Assistance

I help people get back on track with their income tax obligations. For most people, that means arranging a repayment plan. Some people meet the criteria for an offer in compromise. Others may be classified as currently not collectible. The point...

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IRS Installment Agreement

You entered into an installment agreement with the IRS. Your financial situation has worsened since you made the agreement. I can help you take a look at your current situation and determine if you should request a new agreement. There are...

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S Corporations

Pursuant to the new tax law effective January 1, 2018,  the choice of business entity has become more important. Pass thru entities are potentially eligible for a new 20% deduction. An S corporation election might be an effective way of minimizing...

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Determining Reasonable Compensation

The concept of reasonable compensation has always been important in determining adequate compensation for the shareholder/employee of S corporations. The concept has taken on an additional importance with the passage of the new tax law effective...

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Tax Returns

If you have not filed your tax returns for multiple years, I can help prepare and get the returns filed and deal with the IRS and state taxing authorities. However, just as important is that you are compliant with your filing in the future....

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Substitute For Return

If you don’t file a tax return, the IRS can file one for you based on what’s been reported to them by different payers. They basically include all of your income but don’t give you the full benefit of deductions. You then receive an inflated...

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Professional Practices

I do work for lawyers, dentists, doctors, veterinarians, chiropractors and many other professional practice businesses. It’s not unusual to fall behind in entity taxes, individual taxes and payroll taxes at the same time. A coordinated effort...

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Lost Refund

If you are due a refund but don’t file a return, the US Treasury can keep your money if you don’t file within 3 years of the filing deadline. Enough said.

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Do I file a return this year?

The deadline to file your Form 1040 without extension is April 18 this year. You haven't file a return for multiple years. You have a decision to make. Do I let it slide again this year? The odds of non discovery are not in your favor. The IRS is not...

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Unpaid Taxes

Your parents are nearing retirement. Their house is paid for and they have accumulated other assets to aid in that retirement. They jointly owe income taxes for prior years or never filed a return. The IRS does not inquire as to unpaid taxes or...

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