Taxes
Our Individual and Business Tax preparers have the expertiese to help you with during-the-year tax planning and year-end tax preparation that can save you time and money.
Small business tax return preparation and filing instructions is a core service offered to our clients. Whether your company is a C corporation, S Corp. Limited Liability Company, Partnership or Sole Proprietor a properly prepared tax return can be filed to minimize the taxes owed.
- Tax Consultation
- Non-Profit Taxation
- Pass-through Taxation
- R&D Credits and Incentives
- State and Local Taxation
- Tax Accounting Methods
Notice: 1099’s for 2011 and future years: IRS is REQUIRING all
landlords OR entities that pay by cash or check (credit card purchases are
omitted) and take deductions for supplies or services to issue 1099 MISC to
ANYONE (corporations,partnerships,individuals,etc) who is paid $600 or more
annually. In order to prepare for this we are requesting you either call us so
we can furnish you a copy of form W9 or you can download same at www.irs.gov. Search
W9. You will give this form to whomever you have hired BEFORE you pay them.
This insures you will be able to issue the 1099 since sometimes they refuse to
provide you with the information after they are paid. You will not be allowed
the deduction if no 1099. The IRS is adamant and will more than likely target
certain taxpayers for audit if there is no 1099 on file. Even though there is a
bill in Congress to omit corporations from receiving these 1099’s, for now it’s
still required. We will post any changes on this matter as they occur. As
always, please call if you have any questions.
Our management team has identified an enormous unmet need in this tax problem resolution market. CAS Professional Group and their affiliate tax professionals can be your advocate when faced with issues and challenges concerning the Internal Revenue Service and state tax agencies.
Did you know, contrary to what you have been told?
- Have a tax problem? You can avoid contact and collection with the IRS and often collection activities as well.
- Taxes may be dischargeable without any payment in many cases, when certain requirements are met.
- The Internal Revenue Code provides for a statute of limitations. This statue prevents the IRS from collecting after a certain amount of time has passed.
- Save your home from seizure, even from the IRS through bankruptcy.
- Have not filed tax returns for several years? You can bring the tax returns current and under a special IRS procedure, you may be able to eliminate most of the tax, even penalties and interest.
Back to Basics
Learn about tax rules and tax codes, and what they mean to your business.
Business Income Defined
Do you know what the tax code means? Before you take any deductions or credits, know what the tax law has to say about what constitutes business income.
It is important that you understand how the Internal Revenue Service (IRS) views you as a taxpayer. When conducting an audit, the aim of the IRS is to collect the maximum amount of revenue from you, as a taxpayer, in the least amount of time. The IRS attempts to make adjustments on the filings of those taxpayers who lack professional representation and who are the least willing or able to come to their own defense.
It is well documented that information in IRS databases on taxpayers, is not always accurate. Unfortunately, this can affect you directly in the form of significant overpayment of your tax liability, including penalties and interest.
According to a recent study conducted by Money Magazine, nearly half of the 30 million IRS penalty notices mailed out each year are erroneous. Furthermore, recent results of an IRS internal audit found that the information provided to taxpayers by IRS employees answering the agency's toll-free hot line is incorrect at least 30% of the time! This incorrect information costs individual taxpayers thousands of dollars in penalties and interest.
You're Not Alone
If you receive an IRS audit notice, your first reaction may be: "Why me?" You may feel threatened, isolated and alone. You can put these feelings and concerns aside. As a CAS client with Audit Representation Coverage, your CAS audit advocates are only a phone call away. With CAS, you are never alone.
CAS will use factual and legal arguments in dealing with the IRS on your behalf. This begins with the initial audit examination and carries through to the administrative appeals process including representing you in Tax Court, if necessary, to eliminate or reduce your tax liability. CAS is there for you.
Why do I need Audit Representation?
Because you are a taxpayer! It does not matter to the IRS what tax bracket you are in. Anyone can be the target of a tax audit. If you own your business, operate a corporation or other hybrid business entity; you are at a much higher risk of receiving an IRS audit notice.
What if I receive an IRS audit notice?
Once you become an CAS client, all correspondence between the IRS and you is handled directly by CAS. At an annual cost from $450 per year for individuals – Please contact our office for further detailed information.
We are highly qualified to represent you before the IRS Examination Division, Appeals Division and Tax Court. CAS has saved taxpayers like you thousands of dollars through its knowledge of tax laws and how to best use them on your behalf to the fullest extent of the law.
Please do not mistake CAS's Audit Representation Services for audit insurance. While CAS does not pay for your tax
liability, it does cover all of your fees for legal representation before the IRS up to Tax Court if necessary.
