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Tax Resolution

Tax Resolution

Expert Assistance for Resolving IRS Issues and Getting Your Finances Back on Track

Facing tax debt, penalties, or an IRS audit can be overwhelming and stressful. At OptimumTaxPro, our Tax Resolution Services are designed to provide you with the support and expertise you need to resolve your tax issues and regain control over your financial future. We offer a compassionate, knowledgeable approach to tax resolution, helping individuals, businesses, and nonprofits navigate complex tax challenges and achieve favorable outcomes

Why Choose us for Your Tax Resolution Needs?

Experience and Expertise

OptimumTaxPro’s team includes federally licensed tax professionals with extensive experience in IRS negotiations and tax law. We specialize in resolving a wide range of tax issues, from unpaid tax debt and IRS audits to penalties and levies. With a deep understanding of IRS regulations and processes, we’re able to identify the best possible solutions for your situation.

Personalized Solutions for Lasting Results

Every tax situation is unique, and a one-size-fits-all approach won’t work. At OptimumTaxPro, we take the time to understand your specific challenges, financial situation, and goals. We provide personalized strategies that not only address your immediate tax issues but also help you avoid future problems. Our goal is to give you peace of mind, knowing that your tax matters are handled with care and professionalism.

Compassionate and Non-Judgmental Support

We understand that tax issues can happen to anyone, and we approach each case with empathy and respect. Our team is here to listen, support, and guide you without judgment. We’re committed to making the resolution process as smooth and stress-free as possible, so you can focus on moving forward.

Our Tax Preparation Services

IRS Payment Plans

If you owe back taxes, a payment plan may be the best way to settle your debt without incurring additional penalties or interest. We work with the IRS to negotiate installment agreements that fit your financial situation, allowing you to pay your debt over time in manageable amounts.

Offer in Compromise (OIC)

An Offer in Compromise allows taxpayers to settle their tax debt for less than the full amount owed if they meet certain qualifications. Our team will evaluate your eligibility and, if applicable, submit an OIC to the IRS on your behalf, working to reduce your tax liability to an affordable amount.

Penalty Abatement

Tax penalties can quickly add up, making it even harder to resolve tax debt. We can request penalty abatement on your behalf if you have a reasonable cause, such as illness or financial hardship. This can significantly reduce the amount you owe and make it easier to resolve your tax issues.

Audit Representation

If you’re facing an IRS audit, having a knowledgeable representative on your side is crucial. We handle all aspects of audit representation, from reviewing your documents to communicating with the IRS. Our goal is to protect your rights and ensure a fair and accurate audit outcome.

Innocent Spouse Relief

In cases where one spouse is held responsible for tax debt resulting from the other spouse’s actions, Innocent Spouse Relief may apply. We help clients determine their eligibility for this relief and handle the application process to ensure that only the responsible party is held liable for the tax debt.

Currently Not Collectible Status

If you’re experiencing financial hardship, you may qualify for “Currently Not Collectible” (CNC) status. This temporarily suspends IRS collection efforts, allowing you time to improve your financial situation without the added stress of collection activities. We help you navigate the CNC application process and assess your eligibility.

Our Process: How We Ensure a Smooth Tax Preparation Experience

Initial Consultation and Assessment

Understanding Your Situation

We begin with a comprehensive consultation to assess your tax issues, financial situation, and any relevant background information. This allows us to develop a clear picture of your needs and goals.

Personalized Resolution Plan

Based on our assessment, we create a customized tax resolution plan that outlines potential solutions, such as payment plans, offers in compromise, or penalty abatement.

Document Preparation and Submission

Gathering Necessary Documents

Our team helps you collect and organize the necessary documents, such as income records, tax returns, and financial statements, to support your case.

Accurate Submission

We handle all communication with the IRS and submit your documentation, ensuring accuracy and adherence to IRS guidelines.

Negotiation and Representation

IRS Communication

We act as your representative, communicating directly with the IRS to negotiate on your behalf. This includes handling phone calls, meetings, and correspondence, so you don’t have to deal with the IRS directly.

Advocating for Your Rights

Our team advocates for the best possible outcome in your case, whether it’s negotiating a lower payment amount, reducing penalties, or securing a favorable resolution in an audit.

Resolution and Follow-Up

Achieving Resolution

Once a resolution is reached, we guide you through the final steps, ensuring that all agreements are properly documented and that you understand your obligations moving forward.

Post-Resolution Support

After your case is resolved, we provide guidance on how to avoid future tax issues. We’re also here to support you if you have questions or need additional assistance.

Benefits Tax Resolution Services

Reduce Financial Burden

Our tax resolution services are designed to reduce the financial stress associated with tax debt, penalties, and interest. By negotiating on your behalf, we work to secure the most favorable terms possible, helping you achieve financial relief.

1

Peace of Mind and Stress Reduction

Facing tax issues can be overwhelming, but you don’t have to face them alone. OptimumTaxPro’s experienced professionals handle every step of the resolution process, allowing you to focus on your life and business without the constant worry of IRS actions.

2

Future Tax Compliance

Resolving your tax issues is just the beginning. Our post-resolution support includes guidance on staying compliant with tax laws, so you can avoid similar issues in the future and enjoy greater financial security.

3

Protection of Rights

When dealing with the IRS, it’s essential to understand and protect your rights. Our team is well-versed in tax laws and IRS procedures, and we work to ensure you’re treated fairly throughout the process.

4

Ready to resolve your tax issues?

Visit the OptimumTaxPro Store to order your Tax Resolution Service or contact us for a free consultation to discuss your situation. Let us help you navigate the complexities of tax resolution and find the best path forward.

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Tax Resolution

Frequently Asked Questions

Can you write off tax prep for business?

Yes, tax preparation fees for your business can generally be written off as a deductible business expense. The IRS allows businesses to deduct the costs of preparing and filing business tax returns. These expenses include fees paid to tax professionals, accounting services, and any software used specifically for business tax filing purposes. This deduction can help reduce your overall taxable income, thereby lowering your tax liability.

However, it’s important to distinguish between business tax preparation fees and personal tax prep fees. Only the portion directly related to your business taxes is deductible. For example, if you operate a sole proprietorship, you can deduct the cost of preparing your Schedule C but not your personal 1040 form.

To explore how this deduction applies to your business, schedule a call with our team for personalized assistance and guidance.

How much does a small business have to make to file taxes?

Small businesses generally need to file taxes if their net earnings exceed $400 in a year, as this is the threshold for self-employment income subject to federal taxes. However, the filing requirements can vary based on your business structure (e.g., sole proprietorship, LLC, or corporation). For corporations, filing is required regardless of income level, while partnerships must file an informational return even if they have no income.
For example, if you operate as a sole proprietor and your net income is $450, you are required to file a tax return. On the other hand, corporations have specific rules that require filing even if they experience a loss or have no revenue for the year.
To get specific guidance based on your business structure, schedule a call with our team for personalized assistance and tailored advice

How much do most tax preparers charge?

The cost of hiring a tax preparer for a business tax return can vary widely based on the complexity of your business’s finances, the type of business entity (e.g., LLC, S-Corp, or C-Corp), and the specific services you need. On average, tax preparers charge between $500 to $1,500 for a business tax return, but this can increase for businesses with complex financial structures or multiple income streams.

For instance, a small business with straightforward expenses and revenue might be on the lower end of the spectrum, while a larger business with multiple deductions, credits, and various forms to file (like a Schedule C or K-1) could expect to pay more.

To get an accurate quote tailored to your business, schedule a call with our team for personalized assistance and a detailed estimate based on your specific needs.

Does TurboTax do LLC taxes?

Yes, TurboTax offers options for preparing taxes for an LLC (Limited Liability Company), but the specific filing requirements depend on your LLC’s tax structure. An LLC can be taxed as a sole proprietorship, partnership, or corporation. TurboTax has different versions to handle each of these situations. For example, if you’re a single-member LLC, you can use TurboTax’s “Self-Employed” version to file a Schedule C along with your personal return. Multi-member LLCs typically require TurboTax’s “Business” edition, which supports filing a partnership return (Form 1065) or a corporate return (Form 1120).

However, if your LLC’s taxes are more complex—such as having multiple income sources or detailed deductions—working with a professional can help avoid errors and missed opportunities.

To find the best approach for your LLC, schedule a call with our team for personalized assistance and expert guidance

Ready to Transform Your Tax Strategy?

Embark on a path to tax efficiency and strategic financial planning. Reach out for a free consultation, and let’s craft a tax strategy that propels your business forward.

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