Tax ServicesNo matter how big or small, every tax return requires detailed attention. We strive to give our clients the same type of personalized service by taking the time to discuss potential tax issues that will help them with financially. With the changes and intricacies of current tax laws, the use of a complete and proficient advisor is essential. Don't miss another deduction and credit by simply not knowing the existence or applicability! The following are the tax services we provide for Individuals and Business Entities.
We will prepare your return to minimize your tax liability by finding overlooked deductions and credits and choosing the right alternatives for the following year. Your tax return is prepared by a Certified Public Accountant who has experience preparing numerous tax returns and is adept in handling complicated tax laws. E-file your tax return to receive a quicker refund. Receive guidance for the following year to further lower your tax liability and eliminate paying penalties and interest.
Don't wait until the end of the year to get tax advice because it may be too late! We give comprehensive advice on tax saving strategies throughout the year.
Keep more of your money and pay tax later.
Withhold less on your income to keep more and invest.
Minimize distributions which have tax penalties.
Put your money where it can grow with minimal tax.
Defer tax liabilities with pension plans, IRA's, and other plans.
IRS Audit Representation
As many people know, going toe to toe with the IRS is a fearful and daunting task especially when the proposed change to a tax matter requires you to pay a very large sum plus penalties and interest.
There is no need to take time off of your busy schedule to gather loads of receipts or records which the IRS requires for substantiation on your tax return. The auditor will you require you to comply with anything within the tax laws which will be very difficult for you to understand. As a result, the IRS has the upper hand because they know what information they can get out you by putting that fear in you.
At Ovsep Margaryan, CPA, we handle all communications and paperwork with the IRS so you can concentrate on your business. Let our extensive knowledge and experience take care of all the necessary steps with the IRS.
If you owe a large amount of money to the IRS for previously filed returns, you may be wondering what options you have to pay these taxes. Sometimes we get too busy or just don't realize how quickly tax penalties and interest can pile up. These should be a top priority in order to prevent having the amount you owe double or triple.
Levies & Wage Garnishment
There are certain times when the IRS goes a step further in order to collect the taxes owed. After sending several notices without response from the taxpayer, the IRS can go after your bank accounts, equity & debt investments, autos and other assets. Another way the IRS can make you pay the taxes you owe is by taking most of your paycheck every time you get paid from your employer, until the tax owed is paid in full. This means the IRS gets a large portion of your paycheck first before you can pay any other bills. We can set you up with a payment plan which is more favorable than an IRS wage garnishment.
In order to pay for the taxes you owe, the IRS may put liens on your property and attempt to take everything that you own. That means the house you worked for your whole life or the company you operated for years may be in jeopardy of being seized by the IRS. Protect all your assets and credit by calling us for the best resolution.