At TFDCPA we bring a wide exposure to tax return preparation, detailed review analysis and consulting. We are looking to not only prepare your return but to ensure that we can find further deductions you were not aware of.
Call us and we will give you a FREE QUOTE over the phone. Call us with any questions you may have. We believe our approach will increase the amount of money you get back. We keep abreast of tax changes which occurred during the past tax year and can e-mail you an update of what they were.
We specialize in working with the Internal Revenue Service to get you a reasonable settlement. Send along any unresolved correspondence and we can offer an objective view to clean up your problem or help weigh your likelihood of getting a negotiated settlement.
Frequently-Asked Questions
- What Changes Occurred In The Tax Laws From Last Year?
- When Should I File My Tax Return and When Should I not?
- What Happens if We Fail To File On Time?
- When Should We Pay Estimated Taxes?
- Should I Ever Borrow Monies From Payroll Taxes?
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Answers
What Changes Occurred In the Tax Laws From Last Year?
Telephone tax refund – Businesses that paid the long-distance phone tax on service billed after February 28, 2003 and before August 1, 2006 are eligible for a refund. To request a refund, businesses must complete form 8913, Credit for Federal Telephone Excise Tax Paid.
Filing address might be different for 2006 – The filing address for some corporations has changed for 2006. Refer to the government for details.
Tax Credits – The Corporation is required to complete Form 3800. General Business Credits
When Should I File My Annual Tax Return and When Should I Not?
The IRS has a table which will generally change, however, as a good rule if you paid money to the government you may be getting some back. File a Short Form minimizing your filing expenses.
What Happens if We Fail to File On Time?
You must file each quarter whether you have taxes due or not! In addition to the IRS you have to file with the state you operate in. If you fail to file you will be hit with severe tax penalties (call us and ask us) for an estimate of what they may be.
When Should We Pay Estimated Taxes?
Quarterly based upon a projection from your accountant. Try to do an accurate forecast of what your profits are and pay your taxes on time.
Should I Ever Borrow From Payroll Taxes?
Don’t ever do this! First of all, it’s against the law, and secondly the amounts of the penalties are wildly out of line with any reasonable interest rates you could get elsewhere.
Remember, bankruptcy does not eliminate your tax obligations!