Preview only show first 10 pages with watermark. For full document please download

Notes On Tax Planning Services

   EMBED

Share

Transcript

Notes on Tax Planning Services Many companies nowadays are taking advantage of the tax planning service system. This is especially because, often they do not have the time to keep a detailed record themselves or learn the minutes of the personal financial software packages or tax preparation programs. A. If you owe a debt to the IRS and are not capable of paying in full in a full payment plan or IRS installment agreement, the amount may be negotiated. This is a very good option for avoiding wage garnishment, tax levied etc. B. Interest on IRS payment plans are usually 8% to 10% per year. But, there is a fixed amount for this interest. If the amount owed is more than this amount, then a negotiation can be done with the IRS collector. C. This is the season of income tax and you might be involved in a whole lot of preparation. Most cities and towns have a whole lot of income tax services available for the common mass, which can be taken advantage of. Choosing the best one, may involve a little bit of research. D. Strategic tax planning can help in saving a lot of money. This has been proven to be the most efficient way of reducing taxes both for individuals as well as businesses. This is the reason why tax planning help is of utmost importance. E. Tax return preparation is also a highly complicated and risky job. In such a situation, few helping hands are always welcome who will make the process easier and compliant to all rules and regulations. Essential Tax Services 13168 Piedmont Vista Drive Haymarket, VA USA Zip:- 20169 PH:- 703-754-2601