Business & Financial Solutions can help you with filing Virginia tax returns, with the minimum of effort from you. Our firm has the expertise to assist you with individual or business taxes in Virginia and other areas. So don’t settle for a run-of-the-mill CPA, where you can get the valued services you need at a value.
Our firm helps clients to avoid red flags which may cause repercussions if you are audited on federal and Virginia taxes. Some tax issues that may cause red flags, for federal and Virginia income taxes, are tax shelter losses and unreported income on 1099 forms. So in order to avoid a tax audit, make sure to maintain accurate tax records. And track all of your expenses and get documentation and proof for everything.
Additionally, if you make a large donation to a church, make sure to get a statement on official letterhead, verifying your donation. And be aware that if you make a charitable contribution of more than $250, the IRS requires appropriate documentation.
Seventy percent of Virginia tax audits are just a letter asking for more information about your taxes in Virginia. And you’re asked to mail back forms proving your income or deductions. But in other cases you’ll get an invitation to meet with an agent to discuss your tax form. Needless to say, this is a scenario that sends many taxpayers into a panic. In either case, there’s usually little need for panic. But there are certain steps you should take. So find out the best and worst courses of action. Contact our firm for assistance and guidance, in the event of an audit.
Today’s tax laws are so complicated that filing a relatively simple 1040 can be complicated. And Form 1041 or form 706 can be confusing too. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional. Additionally, our tax services are designed to simplify the lives or our clients and their estates. We know that clients do not want problems with the Internal Revenue Service. BFS offers the advantage of a firm with years of experience, particularly where it relates to estates.
There are clients with existing tax problems with the Internal Revenue. Or they may have problems with the state. Both are in need of professional services. And it is our job and responsibility to help. So we’ll develop a strategy you can manage. And we will negotiate with the tax authorities on your behalf. After all, you have more important things to focus on like running your life. We look forward to working with you if you are ready to take the first steps toward eliminating your tax debt.
Taxes Virginia | Estate Tax Preparation Vienna VA | Tax Problems McLean VA | Tax Services Sterling Virginia
We have offices in Vienna VA, Frederick MD and Rockville MD. (Washington DC Metro Area.)
Sterling | Fairfax VA | McLean | Loudoun County | Arlington | Fairfax | Alexandria | Tysons Corner