Taking the Stress Out of Taxes
Our Tax Prep and Financial Services
Tax Return Preparation
- Individual Income Tax Returns
- Business Income Tax Returns
- Estate and Trust Income Tax Returns
- Current Year Federal and State Returns
- Prior year Federal and State Returns
- Research or reconstruct critical missing data
Audit Representation
As an enrolled agent office, we can represent a taxpayer in a personal or business audit. An Enrolled Agent is federally licensed by the IRS. We can assist both on tax returns prepared by ATS or other preparers including self-prepared returns.
Do not fear the unwanted IRS correspondence you receive in the mail. Even if you do not believe that you have done anything wrong or are unsure of why you are being audited, we do not recommend that you attempt to represent yourself. Let us review and recommend your best course of action. We will provide you the experience and professionalism when dealing with your IRS or state audit. We are the buffer between you and the IRS and/or state.
Know your tax rights. Before you allow the IRS to take computers, records, or even enter your place of business or home, STOP! For assistance contact the “Tax Angels” at ATS Tax and Financial Solutions, Inc. We will meet the auditor for you and have your case prepared and positioned to give you the protection you deserve. If paperwork is missing, we will help you reconstruct the documentary evidence necessary for a quick and successful resolution. Many audits can be conducted as correspondence audits. This allows us to handle any case nationwide regardless of your location; and you will not need to appear. We will represent you, prepare your case, and you can stop worrying about what will happen next. Do not go it alone. Call the “Tax Angels.”
Negotiating a Tax Debt
In negotiating a tax debt, we can assist with removing bank levies, wage garnishments and tax liens. Various methods of payment available may include installment arrangements, payroll deductions, reconsideration requests to questionable assessents, or submission of an “offer in compromise.” An “offer in compromise”, OIC, is an agreement between taxpayer and the IRS that settles the taxpayer’s tax liability for less than the full amount owed. Not everyone has a qualified OIC and usually defaults to other payment agreements. Absent special circumstances, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.
In most cases the IRS will only accept an OIC if the amount offerred by the taxpayer is equal to or greater than the “reasonable collection potential, RCP” The RCP is how the IRS measures the taxpayers ABILITY to pay. First the IRS determines the valuie that can be realized from the taxpayers assets such as real property, automobiles, bank accounts, and other assets. The RCP also incliudes anticipated future income less certain amounts allowed for basic living expenses, not the expenses you are accustomed to.
Taxpayer should be aware of promoters claiming that tax debts can be settled through the “offer in compromise” program for “pennies on the dollar”
Bookkeeping
We provide bookkeeping services for small businesses focusing on the little guy. Begin your new business on the right foot.
- Learn your record keeping responsibilities as a business owner.
- Setup your books correctly.
- Review your financial statements at any given time.
- Prepare various business tax returns.
Other Affiliated Services
- Attorneys in the fields of estates, trust, business and real estate
- Brokers in the fields of mortgage loans including reverse mortgages and real estate
- Licensed insurance agents for life, annuity, health and Medicare and supplement products
- Investment brokers