Federal Tax Return Help and Relief
CPA Tax Preparation
We can Assist with the following IRS issues:
- IRS Audit
- File Old Federal Tax Return
- Installment Agreement
- Offer in Compromise
- Tax Elections
- Innocent Spouse
- Form 433A
- Form 433B
- CP 2000
Schultz CPA Tax Preparation Team
The best advice we can give a client who has received a letter from the IRS is to let us handle it. With our team of CPA’s, EA, and accountants we have the experience to deal with the issue properly. Typically the outcome when dealing with the IRS is more favorable for them if we are engaged to resolve the issue. Often when clients try to handle things themselves they end up turning the matter over to us. At that point the issue is usually further complicated.
Back Taxes and Federal CPA Tax Preparation
If you are having issues with back taxes, we can help. We will notify the IRS that we are tending to the matter, request transcripts, and file the back tax return. From there we will work through the taxes owed with the IRS. We will help finalize an agreement of how to settle the matter.
Installment Agreements for Federal Tax Return
When clients get behind on their financial obligations including back taxes, the most simple way to deal with the matter is to request a installment agreement. We find that as tax preparers we are able to come to an agreement that is much more affordable than if the taxpayer attempts to resolve the issue themselves. Currently for balances under $25,000 on individual taxes the IRS has a streamlined agreement process available. Often this type of agreement can be implemented within one business day.
Responding to CP2000
The IRS CP2000 notice is nothing more than a matching letter. The IRS computers take the information that is reported to them by employers, banks, brokerage companies and matches it with what was reported on the federal tax return. If there are any differences, then a CP2000 is issued. Sometimes the letters are correct and sometimes they are wrong. It is important to have a trained tax professional review the letter prior to paying the “proposed tax”.