How can an IRS tax advocate help me?
Benjamin Franklin said it best: “… in this world you cannot say that there is anything certain, except death and taxes.” Taxes are here to stay, and it is advisable to prepare your budget to pay them. Many individuals and businesses invest in National Tax Experts to help them manage the increasing complexity of their taxes, which will become even more intricate throughout life. It is true that over time, life circumstances change. Marriage, children, divorce, running a small business, and many other variables can change the variables of your tax situation, so no two tax seasons are the same. Community Tax offers professional services from highly trained tax experts to help you classify work. Many taxpayers have trouble at some point regarding a variety of potential issues, including missed tax returns, IRS levies, and tax actions. An IRS tax advocate can help you with your debt problems, taxpayer rights, undeclared tax returns, and a host of other common tax-related pitfalls. We are here to answer your questions and put you on the path to financial freedom.
Many individuals and businesses have trouble finding the proper IRS tax advocate for them. Finding a reputable company or service takes time, especially if you are looking for a tax company that meets your specific needs. Problems you may run into when looking for an IRS tax advocate may include finding the most reputable company or service to choose from. Some taxpayer advocacy services charge high upfront fees and make promises they can’t keep. They can claim that they can get you a certain type of resolution plan from the IRS or allow you to not pay your back taxes. In reality, these are promises that no tax professional should make. At Community Tax, we give you only honest advice based on a thorough analysis of your financial information and we will provide you with the best plan to move forward. Some taxpayer advocacy services charge high upfront fees and make promises they can’t keep. They can claim that they can get you a certain type of resolution plan from the IRS or allow you to not pay your back taxes. In reality, these are promises that no tax professional should make. At Community Tax, we give you only honest advice based on a thorough analysis of your financial information and we will provide you with the best plan to move forward. Some taxpayer advocacy services charge high upfront fees and make promises they can’t keep. They can claim that they can get you a certain type of resolution plan from the IRS or allow you to not pay your back taxes. In reality, these are promises that no tax professional should make. At Community Tax, we give you only honest advice based on a thorough analysis of your financial information and we will provide you with the best plan to move forward.
Why Choose Community Tax?
Community Tax uses a two-step process to accurately assess your needs. In the first step of the process, we conduct an investigation. Unlike our competitors, Community Tax does not charge high initial fees before conducting the necessary research for our enrolled agents and tax attorneys to assist you. Once we have organized and reviewed all the necessary information, we can determine the best course of action so that we can resolve your tax problems. Then we will continue to work with you to get the results you need while answering your questions every step of the way. If you need immediate financial assistance with your tax problems, our team is here to help you. The dedicated professionals at Community Tax have helped clients save millions of dollars each year. Our IRS tax advocate team helps everyone from individuals to large businesses. These are just some of the reasons why you may need to consult a professional:
1. Unfiled taxes or unliquidated debt
If you have years of tax returns not filed, it is essential that you contact us to make sure you do not accumulate penalties and interest. If you don’t file your taxes for a year or many years, you run the risk of receiving a Notice of Intent to Collect from the IRS. If you do not respond to this notice, your income will be garnished, or all your assets, accounts, and property may be garnished. Fortunately, these situations are easy to avoid early on, as long as you contact us immediately. We will help you file your taxes and find ways to pay or settle your debt.
2. Incorrect information on a tax return
It isn’t uncommon for a taxpayer to make a fault when filing a return. If you file your taxes yourself for many years, you are likely to be wrong. You can even receive a notice in the mail from the IRS notifying you of the discrepancy between your information and other information, such as your employer’s. We are happy to give you the help you need to fix the problem. It’s okay to admit you made a mistake – our representatives will help you modify the return to minimize the risk of penalties so that you can maintain a good reputation with the IRS.
If you are married on or before December 31 of the previous year, you must resubmit your marital status for declaration purposes. This is one of the great common steps in advancing taxes. We can advise you on whether you should file your taxes jointly or separately based on your combined current income and your plans for the future. There are many financial benefits of marriage and we can help you achieve them strategically to get the most out of your tax returns.
As with marriage, your marital status as of December 31 determines your status when you file the next tax season. One of our tax return preparers can figure out whether you should consider filing separately earlier in order to avoid ex-spouse tax debt. We can also ensure that all other financial matters related to the divorce are resolved, such as alimony paid. There are many financial benefits of marriage and we can help you achieve them strategically to get the most out of your tax returns. As with marriage, your marital status as of December 31 determines your status when you file the next tax season. One of our tax return preparers can figure out whether you should consider filing separately earlier in order to avoid ex-spouse tax debt. We can also ensure that all other financial matters related to the divorce are resolved, such as alimony paid. There are many financial benefits of marriage and we can help you achieve them strategically to get the most out of your tax returns. As with marriage, your marital status as of December 31 determines your status when you file the next tax season. One of our tax return preparers can figure out whether you should consider filing separately earlier in order to avoid ex-spouse tax debt. We can also ensure that all other financial matters related to the divorce are resolved, such as alimony paid. Your marital status as of December 31 determines your status when you file the next tax season. One of our tax return preparers can figure out whether you should consider filing separately earlier in order to avoid ex-spouse tax debt. We can also ensure that all other financial matters related to the divorce are resolved, such as alimony paid. Your marital status as of December 31 determines your status when you file the next tax season. One of our tax return preparers can figure out whether you should consider filing separately earlier in order to avoid ex-spouse tax debt. We can also ensure that all other financial matters related to the divorce are resolved, such as alimony paid.
3. New Baby
If your combined earnings for couples filing jointly is less than $ 110,000 or $ 55,000 for a married person filing separately, you can claim the $ 1,000 per baby tax credit. When you have a new child in your life, a Community Tax professional can help you plan for your child’s future. When you adopt a child, the IRS will propose a tax credit of more than $ 13,000 per child. If you decide to adopt, hire a tax professional as soon as you embark on this journey to ensure that you not only receive the tax discount offered but also that you can create a stable financial future for the child.
4. Change of Residency
State income tax varies from state to state, so if you move to another state of residence, it is important that you familiarize yourself with the local tax regulations. Don’t put yourself in a position where you feel surprised by higher taxes from another state. Alternatively, if you work in a different state than where you live, one of our tax specialists will help you simplify the complexities that will come into play. Don’t find yourself sifting through the details in the hours near the end of tax season.
5. Purchase or sale of real estate
Except if you are knowledgeable in the intricate details of purchasing a home, you might need to work with an expert. If this is your first home, ask one of our tax experts to sit down and help you with your best financial options, such as those related to property tax and your mortgage. Similarly, if you own multiple properties as financial assets, you will want someone to help you manage all the financial variables present to ensure you maintain a steady increase in your investment. Plus, there are hidden benefits that you may not see at first, such as a capital gains exclusion if you file a joint return.
6. Self-managed business
With all the money you put into your business, it is vital that you have someone who can chart the financial path ahead. Keep in mind that in the first year, your tax files for your business will influence your files for years to come. A tax professional will show you all the tax rules you need to know to avoid any financial problems and ensure that you receive the maximum of your refunds.
7. Taking care of your parents
There may be times in your life when you can claim a family member other than your children as a dependent. In the event that you have elderly parents or parents with special needs, you can claim them as dependent in order to have sufficient funds to adequately care for them. If you find yourself in a situation where you pay more than half the financial support for an elderly parent, you can claim them as a dependent on your next tax return. At the very least, you can claim his medical expenses. If you can do this, you can avoid financial difficulties in the future.
8. Inheritance
Of course, you will have to determine if your inheritance is below the federal inheritance tax exemption. However, it is essential that you consult with someone who can organize your entire inheritance. It may not be just about as simple as you might suspect, contingent upon the idea of the legacy you are accepting. We can make sure that you are not paying more taxes than necessary on your inheritances. As you can see, the life circumstances that influence your taxes change dramatically over time. You can go through many of these events in your life, so having a trained tax professional by your side can prepare you for any planned or unexpected changes. We will organize your finances and help you with a guide on how to continue with your taxes in the future.
Tax professionals with a variety of backgrounds
Our tax professionals at Community Tax are all experts in tax law and accounting, however they are also all individually trained based on their profession and work experience. These are the roles our individuals play as part of our expert team.
1. Enrolled Agents
Enrolled agents are individuals who are certified and have unlimited rights to represent taxpayers before the IRS. Someone who is a licensed enrolled agent may have worked for the IRS for many years or passed an exam that determines their expert knowledge in the field of tax law. We have enrolled agents from many backgrounds, including experience working at the IRS. Enrolled Agents who have worked at the IRS as a tax auditor are well equipped to navigate the IRS rules and regulations to get the service you deserve.
2. Certified Public Accountants
A certified public accountant is not your average accountant. Unlike non-certified accountants, a CPA has the ability to prepare an audited financial statement or a revised financial statement. Large public companies benefit from the help of a certified public accountant because they are more likely to be required to produce audited statements. Check with us to determine which is the best for you.
3. Financial analysts
One of our partners and co-founder, Jacob Dayan, has experience as a financial analyst. This role requires an individual to evaluate the financial condition of a business or asset to determine if it is a sound investment. Financial analysts are experts in determining whether a person, company, or idea will be profitable enough to warrant investment.
4. Licensed attorneys
Our tax attorneys have licensed attorneys who have passed their state bar exam and are now entitled to practice law. Tax attorneys have the ability to represent their clients in a plethora of tax matters, including audits, payment plans, collections, and appeals. Years of knowledge gained both in the classroom and in the courtroom have earned them experience defending clients accused of criminal activity, such as tax evasion.
A Diversity of Tax Advocacy Experience
Our tax professionals come from many backgrounds to pursue their passion and provide our clients with the best financial future possible. Whether they are certified public accountants, registered agents, or licensed attorneys, our experts have studied and practiced across the country. From the United States in between, Community Tax professionals serve a wide range of clients and have covered the full range of tax issues. Community Tax is a valuable service for taxpayers who need immediate financial assistance. Our team has helped clients save millions of dollars each year. Our team of IRS tax advocates helps our clients, both businesses and individuals, with the prevention of future tax problems through tax preparation services and accounting services. Learn more about Nat. by calling today for a free consultation at 800-406-7049.
