Tax Planning & Tax Problems
Planning Prevents Problems
Let us help you with Individual tax planning; a good way to start is by identifying any changes in your personal situation that may affect your tax liability. Remember our motto, planning prevents problems.
A simple change in your marital status, a move, a job change, starting a business, planning for retirement, a new addition to the family, or the loss of a loved one—any of these life events would likely have a tax impact. You’ll want to be aware of any tax law changes that may present planning opportunities.
Tax planning takes strategy and if done right its uses can free up cash for investing, new business opportunities, or personal use. In a nutshell, Tax planning is your yearly financial guide to ensure that you pay the lowest taxes possible.
Tax planning should be an essential part of all taxpayer’s individual financial makeup. Think about how lowering your tax liability would have a positive impact on making practical financial decisions to help you meet your financial objectives such as saving for retirement, children’s education, purchasing a home, vacations etc.
| Tax Planning | The Goal of Tax Planning |
|---|---|
| 1. Reduce your taxable income
2. Increase tax deductions 3. Capitalize on tax credits |
1. Adjusted Gross Income (AGI)
2. Standard/Itemized/Deductions 3.Take advantage of tax credit |
| Tax Problems | How we can Help |
|---|---|
| IRS Audit Representation | Our clients don’t have to talk to the IRS or deal with the stress of an audit we do it all for you. |
| Unfiled Prior Year Tax Returns | The Internal Revenue Service announced changes in handling taxpayers who haven’t filed tax returns for prior years in an effort to increase tax compliance and further enforce the law. Don’t get subjected to penalties and fees or worse criminal prosecution. Let us help you get your tax account current; contact us today. |
| Back Taxes Owed |
Weather you owe back taxes or current taxes, you may be hit with significant penalties and interest accruals over time if you don’t pay. The failure to pay penalty starts at 0.5% of your balance due per month (capped at 25% of the back taxes you owe). Don’t worry, we got your back! We have an array of solutions that can help contact us today for details. |
| IRS Payment Plan | IRS has an array of payment plans; let us help you determine if or what plan you qualify for. |
| Innocent Spouse Relief |
Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse. If you’re a victim, we can help. |
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Individuals, small businesses, or contractors in need of assistance, we are here to help. We have services beneficial to all.
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Houston, Texas 77014