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Current Tax Preparation
If you have Late Tax Returns click here.
In addition to preparing corporate, partnership and individual tax returns, we provide consulting services to reduce your total liability. Our tax professionals keep on top of all the planning opportunities on the federal, state and local levels. We provide proactive tax advice appropriate to the tax situation of each client - whether business or individual. We'll help you minimize your liabilities in coming years through careful planning, review previous returns for possible refunds, and keep you up-to-date on changes in the tax regulations that may affect you or your business.
Our clientele are from every walk of life and every income level: from start-up businesses to established corporations and franchisers, to individuals starting a career or family, or buying a first home, to retirees, to people changing jobs, to people moving into California and leaving California, to resident and non-resident aliens.
Most people believe that a CPA is the best person to help you with your tax return preparation. However, it is often a good idea to hire a knowledgeable tax attorney to guide you through the return process. Although many CPAs are knowledgeable about tax issues, most CPAs are principally auditors who can sign off on publicly issued financial statements. Many CPAs have only had a few basic tax courses during their education and some fail to keep current on changes to the law.
A knowledgeable attorney offers the protection of the attorney-client privilege and conversations are kept in strict confidence. Should you become the target of an audit, nothing prevents your CPA from answering questions asked by the government. Furthermore, many CPAs do not come from a legal background and therefore are not trained for sophisticated legal issues. This may end up costing you valuable tax savings. Only attorneys are qualified to properly analyze legal issues and advise clients of their rights. In some cases, the best option may involve court proceedings that only an attorney can handle on your behalf. In addition, many of our staff and contractors have accounting degrees or graduate level accounting training.
Whether you have a:
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1040 - Individual
Tax Return
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1041 - Fiduciary
Income Tax Return for Estates and Trusts
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1065 - Partnership
Tax Returns
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1120 - Corporate
Income Tax Return
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1120S - Corporate Income Tax Return for an S Corporation
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990 - Return of
Organization Exempt from Income Tax.
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706 - Estate Tax
Return (for decedent's estate)
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Late Tax Returns
It is common for a Client to have failed to file income tax returns for five (5), ten (10) even twenty (20) years. Our staff and contractors of Tax Attorneys, Certified Public Accountants, and Tax Preparers are specially trained to handle the preparation of multiple years of delinquent returns and we have developed a specialized procedure to prepare delinquent returns for Clients who have lost part of all of their records. In addition to obtaining income and expense information the Internal Revenue Service and state tax agencies like the Franchise Tax Board has on a Client, we also try to review every income tax return prior to completion to ensure that the income being reported on the return does not appear to conflict with the economic reality of the Client.
Willfully failing to file required tax returns are both federal and state crimes and violators face potential jail time if convicted. If you are caught and convicted, you could face jail, substantial criminal fines and penalties, and then the assessment of the taxes you owe along with additional substantial civil penalties and interest. Preparing and Filing past delinquent returns (i.e. becoming compliant) is typically the first step needed to take advantage of the Criminal Tax Amnesty Program offered by the Internal Revenue Service and many State Tax Agencies along with other programs like Offers in Compromise which are designed to help taxpayers get a fresh start.
In many cases, the Internal Revenue Service and applicable State Tax Agency, like the Franchise Tax Board, will simply make up a return for each year a taxpayer does not file (i.e. SFR return), assess taxes, penalties, and interest based upon this made up return, and then begin collecting until the amounts are paid in full through wage garnishments, bank levies, and the seizure of property the taxpayer owns. This process can be financially catastrophic because as a generally rule, returns made up by the Internal Revenue Service (IRS) and State Tax Agencies like the Franchise Tax Board (FTB) use only income information reported to them and fail to take into account exemptions for spouses and children, deductions for home mortgage interest, legitimate business expenses, and even the cost basis of Real Property and Stocks.
As a result, it is common for taxpayers who fail to file returns to receive tax bills for hundreds of thousands and even millions of dollars even though their actual income was quite modest. Further, because of the way the income tax laws are written, taxpayers can only obtain any tax refunds for a very limited time but the taxing authorities can collect any taxes owed for a much longer time and in some cases forever.
There are typically a number of options for dealing with delinquent income tax returns, tax bills, penalty assessments, wage and bank levies, tax liens, etc. However, as a general rule, the longer the problem festers, the more difficult and complicated it becomes to resolve. Therefore, if you have failed to file tax returns or have some other tax problem, you should contact an experienced tax attorney immediately.
For more information, please see:
- RJS Law Tax Preparation Process
- Should I have my CPA/enrolled agent/tax preparer to represent me in an audit?
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[ Offer in Compromise ] [ Current Tax Returns ] [ Late Tax Returns ] [ Criminal Tax ] [ IRS Audit ] [ IRS Appeals ] [ IRS Collections ] [ California Tax ] [ Payroll ] [ EDD ] [ State Board of Equalization ] [ Ronson J. Shamoun, JD, LL.M ] [ Office Staff ] [ Contact Us ] [ Privacy Policy ]
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