Tax Preparation For Businesses And Individuals
For businesses and individuals alike, preparing for each tax season can be a very time-consuming process. However, it’s imperative for companies and individuals to consider tax preparation almost equally as important as filing taxes. One of the best forms of tax resolution is to prevent problems before they happen.
BENEFITS OF HIRING A TAX PROFESSIONAL FOR TAX PREPARATION
Hiring professionals to prepare your tax returns comes with many benefits. One of those benefits is they know what they’re looking for when making your returns. A tax professional can prevent any future tax issues from coming up. Professionals can eliminate any errors that could occur simply because of the taxpayer’s lack of experience or understanding. Having your taxes prepared by experts like Platinum Tax Defenders can help mitigate any future need for tax resolution services.
Getting help from a tax professional for tax preparation can also help you avoid getting into tax debt. If you prepare correctly, you can prevent yourself, or your business, from getting into tax debt in the future.
WHO CAN ASSIST YOU WITH TAX PREPARATION
The IRS allows anyone with a Preparer Tax Identification Number (PTIN) to prepare a tax return for a client. However, the IRS does draw the line between tax practitioners in terms of their representation rights. Professionals who have unlimited representation rights are enrolled agents, certified public accountants, and attorneys. Tax professionals with these credentials may represent their clients on any matters, including audits, payment/collection issues, and appeals. The team at Platinum Tax Defenders features enrolled agents, certified public accountants, attorneys, and x-IRS tax attorneys. We are experienced and equipped to prevent you from running into any tax trouble in the future. Here is more information on these three types of professionals that are here to help you at Platinum Tax Defenders.
The IRS licenses enrolled agents. Agents must take a comprehensive exam to demonstrate proficiency in federal tax planning, individual and business tax return preparation, and representation.
Certified Public Accounts:
These professionals have licenses from state boards of accountancy, the District of Columbia, and U.S. territories. To earn their license, CPAs must pass the Uniform CPA Examination before they can begin their practice. CPAs have also obtained a degree in accounting from an accredited college or university. A CPA can offer services such as tax preparation and planning.
Attorneys receive licenses from state courts, the District of Columbia or their designees, such as the state bar. Generally speaking, attorneys have a degree in law and have passed a bar exam. Some attorneys specialize in tax preparation and planning. Platinum Tax Defenders also works with x-IRS tax attorneys, who are intimately knowledgeable of the inner workings of the IRS.
There are many types of tax return preparers, including those who do not have a professional credential. It’s essential to make sure you are working with a preparer who is skilled in tax preparation. You can trust the professionals at Platinum Tax Defenders to keep the personal information you share with them confidential. By choosing Platinum Tax Defenders to help with your tax preparation, you can guarantee you’re getting outstanding and professional service.
CAN I PREPARE MY TAX RETURNS ON MY OWN?
Everyone must file their taxes each year. It’s our civic duty to do so. Can you prepare your taxes on your own? Of course, many services can help you file and submit your tax returns on your own. However, many taxpayers will admit that filing income tax returns have become an arduous tax. Filing tax returns becomes increasingly complicated as you go through various stages of life that affect your tax situation. Therefore, millions of Americans look for help with preparing their tax returns every year. If you’re expecting a large tax refund or have complicated claims, it’s beneficial to consult a professional. Platinum Tax Defenders can catch credits, deductions, and other savings opportunities that you might miss in filing on your own. In addition to helping you prepare your tax returns, we can help you with audit assistance and review past returns.
WHAT TO BRING TO YOUR TAX PREPARATION MEETING
Before you meet with your tax preparation professional, there are some items that you’ll need to round up in advance:
- Photo ID
- Social security cards for you and your family
- Notice of Individual Taxpayer Identification Number and proof of foreign status, if applicable
- Dates of birth for you and your family
- Wage and earning statements such as W-2 forms and 1099s for all employers
- Bank statements of interest and dividends
- A copy of your tax returns for the previous year
- Bank account number and routing number
- Daycare information
- Receipts for any other items or purchases you know you will want to write off
If you are married and filing a joint tax return, it’s necessary for both you and your spouse to be present to sign required forms. If your taxes seem too complicated to file, get in touch with the professionals at Platinum Tax Defenders.
Platinum Tax Defenders
WHO WE ARE
Platinum Tax Defenders is a full-service tax resolution firm in Los Angeles that has been helping taxpayers resolve their IRS and State tax issues since 2011. Our team of tax attorneys, accountants, and enrolled agents have a combined more than 90 years of experience in the financial services industry. Our team is ready to provide tax relief services to clients facing wage garnishments, bank levies, liens, and other challenges.
What We do
Platinum Tax Defenders is a full-service tax resolution firm that includes a tax attorney, IRS enrolled agents and certified public accountants specializing in providing tax relief services for taxpayers facing IRS or State tax debt. We work with the IRS on your behalf to come up with reasonable payment options and settlements. Our tax professionals are knowledgeable and experts in tax negotiations. The consequences of unpaid taxes vary by each individual taxpayer’s situation. But unpaid tax debt can lead to wage garnishment, property liens, and bank account levies. Platinum Tax Defenders will help you reach a tax resolution plan before it’s too late. We offer fast response protection to our clients and a commitment to gaining major tax reductions. Whether this is your first time facing a tax problem, or you have previously hired a tax relief firm in Los Angeles to resolve your tax debt, we have a track record of consistently garnering IRS settlements for our clients.
Why Trust Us
At Platinum Tax Defenders, we’ve developed an impeccable reputation for doing what’s best for our clients, 100 percent of the time. We are honest and upfront with you about your tax debt situation, and the type of tax resolution services we can provide. Each individuals’ tax situation is different, and we’ll do whatever we can to negotiate with the IRS to help you reach a tax relief plan that works for you. We are experts in our field and work diligently to resolve the specific tax issues that each of our clients faces. Platinum Tax Defenders offers fair and honest tax resolution services, and you can count on us to operate professionally and legally.
Many tax relief services in Los Angeles tend to make unrealistic promises. You can count on us to always be honest and upfront about your financial situation, and what type of tax resolution results you should expect.
Call Platinum Tax Defenders today for a free consultation at (800) 991-3242.