Back taxes may be resolved in a number of ways. And one method may be IRS tax negotiations through the Offer In Compromise Program (OIC). Setting up a monthly payment plan with the IRS is the easiest. But it is not necessarily the best for your circumstances. Some installment plans require substantial information. And taxpayers may wish to go it... continue reading →
Don’t leave any of your income tax credits and deductions on the table! Taxpayers throughout the country, may unknowingly qualify for tax credits. And fail to claim them because of inadequate tax preparation. So we encourage to to seek the help of professionals. You know, you can be “a penny wise, and a pound foolish.” There is a difference... continue reading →
At Business & Financial Solutions, our goal is to provide the best solutions to excessive taxes. Ideally, we prefer to work with clients quarterly for the purpose of tax planning. Visits from clients once a year during tax season is generally not enough. Some of the solutions to tax avoidance must be taken throughout the year, as circumstances change.... continue reading →
When can I file my Maryland income taxes? Business & Financial Solutions urges taxpayers to use our e-file services to receive refunds faster. BFS is an accounting and tax preparation firm, with convenient office locations in Vienna VA, Rockville and Frederick MD. We provide services to individuals and companies in Maryland, Virginia and Washington DC. We prepare and e-file income taxes... continue reading →
When to File an Amended Tax Return? You should file amended tax return if you need to correct any piece of information that will alter your tax calculations. Business & Financial Solutions can file an amended return (1040X) for taxpayers to make corrections to the filing status, dependents, income, deductions, or tax credits. You can amend you return if you need to... continue reading →
Business & Financial Solutions is a reputable tax and accounting firm, dedicated to providing superb services for our clients. BFS is open year round to address tax planning and other tax services for our clients. And our tax preparers help to file income taxes in Frederick MD, Urbana, Thurmont, Jefferson and Brunswick MD. And our clients are also in... continue reading →
Back taxes Frederick MD, Bethesda or Rockville? Maybe we have a solution for you. In 2012, the IRS announced a program to help U.S. citizens resolve their filing obligations. And the program would allow taxpayers who owe little or no tax to avoid penalties and audits. Relatively new, the program was first launched in September 2012 and the IRS hasn’t said when... continue reading →
Business & Financial Solutions is a professional, full service Tax Accounting firm, And we have a full range of services designed to meet the needs of individuals, businesses, families and estates. With Business & Financial Solutions, here’s what you get with our Rockville MD income tax services. Tax Preparation Your income tax return will be checked and rechecked by... continue reading →
Business & Financial Solutions offers a wide range of tax services to individuals and businesses in a variety of industries. Our tax preparation is done at a value to our clients. An our offices are located conveniently in Rockville and Frederick MD. Additionally, we have an office location in Northern Virginia. Our services are designed to meet the needs of... continue reading →
Business Tax Services in Virginia Business & Financial Solutions tax preparers prepare multiple types of business tax returns in Virginia and other areas. You use federal tax Forms 1120 or 1120-A to pay income tax and Form 1120-W to pay estimated tax. Of course this is assuming you incorporated your business as a regular C corporation. Our CPA firm will assist... continue reading →
