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 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 →
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 →
Nonprofits Explained What is a 501(c)(3)? The 501(c)(3) is a highly regulated American non-profit entity that operates under the Internal Revenue Code 26 U.S.C. § 501(c). And there are 29 types of nonprofit, tax-exempt entities that are recognized by the U.S. Internal Revenue Service. And 501(c) refers to several different classes of “tax-exempt” corporations. Therefore, companies granted 501(c)(3) status are... continue reading →
Have back taxes, liens or levies with the IRS or your state? Need help with Unfiled tax returns or tax settlements in Frederick MD? We negotiate settlements in Frederick, Damascus and Northern Virginia. continue reading →
Need forensic accountants in Frederick or Rockville! Montgomery or Frederick County Auditing? BFS can meet all your professional accounting needs! continue reading →
Solutions for tax liabilities, Garnishments and tax debts in Rockville, Damascus and Germantown as well as other areas. If you have incurred a debt as result of an audit, we can help! continue reading →
Get help with Offer In Compromise (OIC) from Fredericksburg VA to Germantown MD. BFS assists with tax settlements throughout the Washington DC Area, including Maryland and Virginia. Convenient offices in Frederick and Rockville MD continue reading →
