Tax Return Preparation
Annual financial operating results of the entity are restated and supplemented, where appropriate, in prescribed regulatory form to comply with Federal, State, and Local tax return filing requirements.
Our taxation services include preparation of corporate income tax returns (either S-Corps or C-Corps), partnership tax returns (either Partnerships or LLC's taxed as Partnerships), and proprietorship tax returns (Form 1040, Schedule C).
Tax Consulting
Our tax consulting services combine the analysis of client facts, circumstances, and objectives to formulate optimum tax saving strategies. When necessary, tax research is performed.
Tax consulting and/or tax planning permits our clients to "look ahead" and make operational changes or tax elections which will reduce, defer, or eliminate income taxes.
Tax Audits
We represent the client during an IRS or NC Department of Revenue audit or after a Notice is issued. Typically, we obtain Power of Attorney to represent the taxpayer/client. Our objective is to address the specific issue in the Tax Notice, which also means limiting the audit to single issues without expansion to other issues.
Under the tax law, the IRS (& NCDOR) are authorized to determine the time and place of a taxpayer examination, on a reasonable basis. The complexity of the return, along with efficiency considerations, determines the type and location of the examination. After a thorough review of your particular facts and circumstances, we formulate an optimum stategy of representation.
At every step of the audit, our clients are kept informed.
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