How Can a Tax Advocate Help Me?
Benjamin Franklin said it best: “…in this world nothing can be said to be certain, except death and taxes.” Taxes are here to stay, and it is wise to prepare your budget to pay them. Many individuals and businesses invest in a tax professional to help them manage the growing complexity of their taxes that are bound to become even more intricate over a lifetime. It’s true that over time, life circumstances change. Marriage, children, divorce, running a small business, and many more variables can change the variables of your tax situation, so no two tax seasons are alike.
Community Tax offers professional services from highly trained tax experts to help you sort through the busy work. Many taxpayers run into problems at some point regarding a variety of potential issues, including unfiled tax returns, IRS liens and tax levy actions. An IRS tax advocate can assist you with your debt problems, taxpayer rights, unfiled income tax returns, and a host of other common tax-related pitfalls. We are here to answer your questions, and put you on the path to financial freedom.
Many individuals and businesses have trouble finding the right IRS tax advocate for them. Finding a reputable company or service takes time, especially if you are looking for a tax company to fulfill your specific needs. Problems you may run into when searching for an IRS tax advocate can include finding the most reputable companies or services to choose. Some taxpayer advocate services charge high upfront fees and make promises that they cannot keep. They may claim that they can get you a certain type of IRS resolution plan or allow you not to pay your back taxes. In reality, these are promises that no tax professional should ever make. At Community Tax, we give you only honest advice based on a comprehensive analysis of your financial information and we will equip you with the best plan to move you forward.
Why Community Tax?
Community Tax uses a two-step process to assess your needs accurately. In the first step of the process, we perform an investigation. Unlike our competitors, Community Tax does not charge high upfront fees before doing the research necessary for our enrolled agents and tax attorneys to assist you. Once we have organized and reviewed all of the necessary information, we can determine the best course of action so that we can resolve your tax problems. We will then continue to work with you so that you get the results you need, while answering your questions every step of the way.
If you need affordable and immediate assistance with your tax issues, our team is here to help. The dedicated professionals at Community Tax have helped clients save millions of dollars every year. Our IRS tax advocate team assists everyone from individuals to big businesses. Here are just a few of the reasons you may need to consult a professional:
- Unfiled Taxes or Unsettled Debt. If you have years of unfiled tax returns, it is critical that you contact us to ensure you do not accrue penalties and interest. If you do not file your taxes for a year or many years, you run the risk of receiving a Notice of Intent to Levy by the IRS. If you do not respond to this notice, you will have garnishments placed on your income, or you may have all of your assets, accounts, and properties seized. Fortunately, these situations are easy to avoid early on, as long as you contact us right away. We will help you file your taxes, and find ways to pay off or settle your debt.
- Incorrect Information on a Tax Return. It is not uncommon for a taxpayer to make a mistake when filing a return. If you file your taxes yourself for many years, chances are that you will make a mistake. You may even receive a notice in the mail from the IRS that notifies you about the discrepancy between your information and other information such as that of your employer. We are happy to give you the help you need in order to fix the issue. It is ok to admit you made a mistake—our representatives will help you amend the return to minimize the risk of penalties so you can remain in good standing with the IRS.
- If you are married on or before December 31 of the previous year, then your filing status must be readdressed. This is one of the common big steps in tax advancement. We can advise you on whether to file your taxes jointly or separately based on your combined current income and plans for the future. There are many financial benefits of marriage and we can help you strategically attain them to get the most out of your tax returns.
- Just like with marriage, your marital status as of December 31 determines your status when you file for the following tax season. One of our tax preparers can decipher for you whether you should consider filing separately earlier so that you can avoid an ex-spouse’s unpaid tax liability. We can also ensure that all other financial matters regarding divorce are settled, such as paid alimony.
- New Baby. Provided that your combined income for couples filing jointly is less than $110,000, or $55,000 for a married person filing separately, you can claim tax credit by $1,000 per child. When you have a new child in your life, a tax professional from Community Tax can help you plan your child’s future.
- When you adopt a child, the IRS will propose a tax credit as much as over $13,000 per child. If you decide you would like to adopt, hire a tax professional as soon as you embark on this journey to make sure that not only you receive the offered tax break, but also so you can create a stable financial future for the child.
- Change of Residency. State income tax varies from state to state, so if you move to another state of residence, it is important you get acquainted with the local tax regulations. Do not put yourself in a position where you feel blindsided by the higher taxes of another state. Alternatively, if you work in another state from where you live, one of our tax specialists will help you simplify the complexities that will come into play. Do not find yourself parsing out the details for hours near the end of tax season.
- Buying or Selling Real Estate. Unless you are well versed in the ins and outs of buying a home, you may want to work with a professional. If this is your first home, have one of our tax experts sit down and help you with your best financial options, such as those regarding property tax and your mortgage. Likewise, if you own multiple properties as financial assets, you will want someone to aid you to manage all of the financial variables present to make sure you maintain a steady gain in your investment. In addition, there are hidden benefits that you may not see at face value, such as a capital gains exclusion if you file a joint return.
- Self-Run Business. With all the money you put into your business, it is vital you have someone who can lay out the financial path ahead. Be aware that in the first year, your tax files for your business will influence your files for years to come. A tax professional will show you all of the tax rules that you must know to avoid any financial pitfalls and ensure that you receive the most out of your refunds.
- Caring for Your Parents. There may be times in your life where you will be able to claim a relative other than your children as a dependent. In the circumstance where you have elderly or special needs parents, you may be able to claim them as a dependent in order to have enough funds to properly take care of them. If you are in a situation where you pay for more than half of the financial support for an elderly parent, you will be able to claim them as a dependent on your next tax return. At the very least, you may claim his or her medical expenses. If you are able to do this, you will be able to prevent financial hardship in the future.
- Inheritance. Of course, you will need to determine whether your inheritance is below the federal estate tax exemption. However, it is still essential that you consult with someone who can organize all of your inheritance. It may not be as easy as you think, depending on the nature of the inheritance you are receiving. We can make sure you are not paying more taxes than necessary on your inheritances.
As you can see, the circumstances in life that influence your taxes changes dramatically over time. You may go through many of these events in your lifetime, so having a trained tax professional by your side can prepare you for any planned or unexpected change. We will organize your finances and help you with a guideline on how to continue with your taxes in the future.
Tax Professionals with a Variety of Backgrounds
Our tax professionals at Community Tax are all experts in tax law and accounting, however they are also all individually skilled based on their profession and work experience. Here are the roles our individuals play as part of our adept team.
- Enrolled Agents. Enrolled agents are individuals who are certified and granted unlimited rights to represent taxpayers before the IRS. Someone who is a licensed enrolled agent may have worked for the IRS for many years or passed an exam that determines their adept knowledge in the arena of tax law. We have enrolled agents from many backgrounds, including experience with working in the IRS. Enrolled Agents who have worked in the IRS as a tax auditor are well equipped to navigate the rules and regulations of the IRS to get you the service you deserve.
- Certified Public Accountants. A certified public accountant is not your average accountant. Unlike non-certified accountants, a CPA has the ability to prepare an audited financial statement or a reviewed financial statement. Large public companies benefit from the help of a certified public accountant because they are more likely going to be asked to produce audited statements. Consult with us to determine which is best for you.
- Financial Analysts. One of our partners and co-founder, Jacob Dayan, has a background as a financial analyst. This role requires an individual to assess the financial condition of a business or asset to determine if it is a sound investment. Financial analysts are experts at determining whether a person, business, or idea will be profitable enough to secure investment.
- Licensed Attorneys. Our tax attorneys are licensed lawyers who have passed their state’s bar exam and now have the right to practice law. Tax attorneys have the ability to represent their clients on a plethora of tax matters, including audits, payment plans, collections, and appeals. The years of knowledge gained both in the classroom and in the courtroom has earned them the experience to defend clients that are accused of criminal activities, such as tax evasion.
A Diversity of Experience
Our tax professionals come from many backgrounds to pursue their passion and give our clients the best financial future possible. Whether they are certified public accountants, enrolled agents, or licensed attorneys, our experts have studied and practiced throughout the country. From Puerto Rico to New York, Chicago to Pittsburgh, and everywhere in between, Community Tax professionals serve a diverse array of clients and have run the gamut on tax issues.
Community Tax is a valuable service for taxpayers who are in need of affordable and immediate assistance. Our team has helped clients save millions of dollars every year. Our IRS tax advocate team assists our customers, both businesses and individuals, with prevention of future tax problems through tax preparation services and accounting services. Get more information by calling today for a free consultation at 1-888-676-4319.