To ensure the proper filing of your income tax return, you will want to enlist the help of a Certified Public Accountant.
A study conducted by the American Accounting Association revealed that audit adjustments and penalty assessments were more prevalent on self-prepared tax returns than on those filed by a paid preparer. Furthermore, returns prepared by CPAs are more accurate and less prone to adjustments than those filed by paid preparers. Remember, CPAs specialize in complex tax returns.
If you owe taxes and cannot pay, enlist the services of a CPA. The CPA can help with payment arrangements and in many cases significantly reduce the amount owed through the Offer-In-Compromise Program.
There are many factors to consider when choosing an entity type. These include tax implications, record keeping requirements and cost. A CPA can guide the client in this important choice.
By all means, never try to represent yourself in an audit situation with IRS or Franchise Tax Board. A CPA has experience dealing with these institutions and can help the taxpayer avoid the pitfalls of self-representation.
The death of a spouse, loved one or relative is a traumatic experience and often results in income tax issues outside the normal. A CPA can guide you through the process and ensure the proper returns are filed.
Anyone in business has had to deal with a myriad of governmental agencies on a number of issues. It could be a City, County, EPA, EDD, State Board of Equalization, AQMD, Fire Department and Secretary of State.
I have years of experience dealing with all of these agencies and understand how each of these operate and the nuances of their requirements.