Whether you run a small business or want to ensure that your personal finances are taken care of, we’re going to make a wild assumption and say that you don’t like dealing with taxes. Don’t worr…Read More
Tax Preparation and Planning
Bungee jumping. Running with bulls. Getting a root canal. Those are all things that the majority of people would rather be doing than doing their own tax returns. We know, there are fancy computer programs out there that seem to make the process effortless. But according to a study performed by the General Accounting Office of the U.S. Government, over 75% of taxpayers believe they’ll benefit by partnering with a professional tax preparer.
We also know that technology can make mistakes, and it simply can’t compete with the knowledge and expertise of a professional tax preparer. Tax software designed for the consumer is self-driven and there are too many forks in the road where you can go down the wrong path costing you time and mistakes. Most new clients we meet looking for help with an IRS notice or Audit are in that situation because they prepared their own tax return while putting too much trust in a software to catch mistakes and ask the right questions.
We’ll start by preparing your tax return using your source documents or financials, then thoroughly reviewing your tax return. Through this process we can identify potential mistakes as well as find possible issues the IRS tends to examine. Once it’s all done, your return will be filed electronically when available so that if you’re due a refund, you’ll receive it faster. With more than fifty years of combined experience, we will also go over areas of tax planning for the current and future years to minimize your potential tax liabilities.
IRS Audit Representation
Receiving an IRS audit letter is a nerve-wracking experience for anyone, even if you know that you’ve done nothing wrong. Majority of the time, the letter is just requesting for more information about your tax returns, asking that you provide them with the correct forms to prove your income and/or deductions. Other times, however, they will ask for you to speak with an agent.
This is when the sweat often begins to pour, but there is no need to worry if you get the right tax audit representation to help guide you through the process. At Peakview CPAs in Northern Colorado, our team of accountants has the experience, knowledge, and inimitable work ethic to be the audit defense that you need.
It’s well-known that the IRS and State can be pretty unrelenting when it comes to audits, and the penalties can be pretty severe if you fail to pay the appropriate amount for taxes, so you do not want to ignore the issue or challenge the audit on your own.
So if you’ve been unfortunate enough to receive an audit notice for your personal or business taxes, don’t hesitate to call us today to acquire the necessary audit representation.
Past-Due Tax Returns
At Peakview CPAs, we understand that life can get pretty hectic and that everyone makes mistakes, even when it comes to taxes. Whether you forgot to file or tried to avoid the situation hoping that it would just fade away, the IRS isn’t known to be lenient when it comes to past-due tax returns.
When the IRS doesn’t receive a tax return, one of the options they take is to file a substitute return using whatever information they’ve gathered from your bank, employer, or any other sources, and this, in turn, leads to a tax bill. If this is never paid, the IRS has the ability to take action — which we promise will not be fun for you.
No matter your reasoning, you’re going to need to deal with your past-due tax returns before the IRS begins to target you. Luckily, we can help, even if you haven’t filed tax returns for over a decade. At Peakview, we’ve provided assistance for countless clients in Northern Colorado to deal with their past-due returns. Our team will be able to guide you through the appropriate steps to take and make it as easy and convenient for you as possible. So stop having the recurring nightmares of the IRS knocking at your door!
For more information or to get the process started, contact us online or by phone today.