It goes without saying that preparing and filing your federal and state income tax returns every year, and on-time, is extremely important to maintaining good "financial health". Of course, it also helps you avoid the insecurity, stress and financial hardship that is often associated with an IRS/State back tax debt problem.
Not filing your income tax returns with the IRS/State does not help you avoid problems or your tax liability. In fact, by not paying your taxes, you create bigger problems for yourself. Even if you ignore the many notices you will receive from the IRS/State to file a tax return, the IRS/State will prepare one for you, called a Substitute for Return (SFR).
In creating the SFR, the IRS/State will use income that has been reported to them, such as wages, interest income, subcontractor payments, sale of property, etc., Further, they will assume you are single, have no dependents, and use the standard deduction, thereby eliminating many possibe tax savings you would get from itemized deductions, dependents, or other tax-deductible expenses . The result of this will be that you will still owe taxes to the IRS/State --- in fact, probably more than you should --- even though you didn't actually file a tax return. And, the IRS/State will begin tacking on hefty tax penalties and compounding interest as a result of your failure to file your returns on time and your late payment of the taxes you owe. Left unresolved, your tax problems will only get worse over time.
At Tax Group Center, we work with hundreds of taxpayers every year, who are suffering from back tax problems. So, we know that the best way to prevent these kinds of tax problems from occurring is to have your tax returns --- both personal and business returns --- prepared and filed on time, each and every year. That's why we offer clients on-going tax preparation services.
Whether you are currently behind on your taxes due to unfiled tax returns from past years, or you simply need the help of tax professionals to keep you current and "on course", the team at the Tax Group Center can help you ... both now and into the future. Our team of CTEC Certified Tax Consultants, Tax Attorneys, CPA's and Enrolled Agents can provide outstanding tax preparation support, for both individual taxpayers and small businesses.
Tax Preparation Services Include:
- Form 1040, 1040A, 1040EZ, 1040EZ-T, 1040NR and 1040NR-EZ, 1040X,
- Schedules A, B, C, D, E, F, H, J, M, R, SE
- Sole Proprietorships: Form 1040, Schedule C, Schedule C-EZ, 1040-ES, 941, 943, 944, W-2, W-3, 940
- Partnerships: Form 1065, 941, 943, 940
- Corporations: 1120, 1120-W, 8109-B, 941, 943, 940, 8109-B
- S-Corporations: 1120S, 1120S Sch. K-1, 1220-W, 941, 943, 940, 8109, 1040, 1040-ES
- Self employed
At Tax Group Center, we make it our business to stay current on the latest tax laws, available credits and more. When you entrust us with your tax return(s) you can count on accuracy, giving you more free time and geting you maximum savings. If you need help preparing your tax returns, call Tax Group Center, at: .