Filing your taxes accurately and on time has never been more important. In 2023, most taxpayers who have already filed their returns are finding that the average refund is down by over 11% from 2022. With that in mind, you need to be extra vigilant and make sure that you dot all your I’s and cross all your t’s as you file your returns this year.

One of the best ways to ensure you’re completely compliant and making wise tax choices is to hire a Salt Lake City tax attorney and CPA in one. Learn more about how these tax professionals can help you below.

How You Benefit from Working with a Salt Lake City Tax Attorney and CPA

There are some specific benefits to hiring a dual-certified Salt Lake City tax attorney and CPA in one. If you need the help of a tax expert and you want to make sure that nothing gets overlooked, then these are the types of professionals you’ll want to hire. Below, we’ll go over some of the best benefits of working with a two-in-one tax attorney and CPA in Salt Lake City.

Representation During IRS Audits

One of the biggest advantages of hiring a tax professional is that you’ll have solid representation during any potential IRS audits. Audits can be stressful, but they don’t have to be if you have the help of a tax professional.

International Tax Representation in Salt Lake City

If your tax situation involves any international matters, then you’ll want to lean on the expertise of a tax expert. This is especially true if you made several international transactions, you own foreign investments, or you regularly make transactions in foreign bank accounts.

Additional Representation

Every tax situation is unique, so your tax issue might be complex and confusing. For additional representation in any tax matter, it’s best to hire a dually certified tax attorney and CPA to help.

Why You Should Hire a Salt Lake City Tax Attorney and CPA in One

When you hire a tax expert who is dual-certified as a tax attorney and a CPA, you get to enjoy the advantages of both professions. Not only can you rest assured knowing that you’re remaining fully compliant with the law in all your tax decisions, but you can also be confident that the tax choices you’re making are in your best financial interests, too.

Here at Tax Group Center, we can help you connect with the exact type of tax expert you need to help you.

FAQs

Are you still unsure about whether you really need the help of a dual-certified tax expert? Do you have more questions about how the whole process works or how to locate the right tax expert for your needs? Get answers to some of the most commonly asked questions below.

What is the Difference Between a Salt Lake City Tax Attorney and a CPA?

At initial glance, the services provided by both a tax attorney and CPA can seem similar. After all, they both provide solid tax advice that you can rely on. So, what’s the big difference between the two? In a nutshell, a Salt Lake City tax attorney has been to law school, and they’re certified to practice law in the state. As such, they know exactly how to utilize tax laws and codes to provide the maximum benefit to their clients. As a result of the nature of a lawyer’s work, clients will also get to experience a client-attorney privilege with an attorney they hire. That means the lawyer can’t testify against you in court if any problems arise later. You can feel confident that everything you discuss with an attorney will stay private.

A CPA, on the other hand, can provide solid tax advice when it comes to your specific financial situation. Their primary focus is maximizing your financial benefits when it comes to filing and preparing for tax season.

When is it Best to Hire a Tax Attorney in Salt Lake City?

Since lawyers are adept at legal matters, it’s best to rely on their services in specific situations. For instance, a lawyer’s expertise is preferred in the following situations:

• The IRS isn’t responding to your requests for communication
• The IRS is threatening legal action against you
• You’re attempting to file an estate tax return
• You own a taxable estate
• You want to itemize your deductions without accepting a standard deduction

What Do I Look for in a Salt Lake City Tax Attorney and CPA?

If you decided that you’d be best served by hiring a dual-certified tax attorney and CPA in Salt Lake City, then you’ll want to look for one with the right experience, past results, and positive case reviews. Here at Tax Group Center, we can help you connect with the right tax professional for the job. Contact us now to get started.

If you have a tax problem in Green Bay and you want to get the advice of a tax expert, then you’ll likely come across different terms like ‘tax attorney’ and ‘CPA’. While both of these experts focus on tax issues, there are major differences between the two. Tax attorneys are lawyers who have graduated from law school and passed the bar. As such, they know how to ensure your taxes are legally compliant. CPAs, on the other hand, are specialists when it comes to crunching numbers. They can help with tax planning, preparation, and audits.

Luckily, you can have the best of both worlds if you hire an expert who is licensed to do both. Learn more below.

How You Benefit from Working With a Green Bay Tax Attorney and CPA

Working with a Green Bay tax attorney and CPA comes with many benefits. These two-in-one professionals can provide the following advantages:

Representation During IRS Audits

The biggest benefit of consulting with a tax professional is that you’ll enjoy the benefit of having solid representation in the event you get audited. Your expert can help you navigate any communication with the IRS, and they’ll also be able to provide you with good advice on how to handle any missteps, corrections, or denial of fault.

International Tax Representation in Green Bay

If you live in Green Bay but work remotely and receive international payments, then your best bet is to hire a two-in-one tax attorney and CPA. These experts can help you ensure that you remain compliant when it comes to international tax matters regardless of your current location. It’s also wise to hire help if you made any hefty foreign gifts or you use foreign accounts to hold some of your money.

Additional Representation

Tax issues can get complicated quickly, and it can be confusing to follow general tax advice if you’re facing a unique situation. A two-in-one CPA and tax attorney can help provide additional representation for you in any tax matter that comes up.

Why You Should Hire a Green Bay Tax Attorney and CPA in One

Some tax experts are strictly tax attorneys, while others are only licensed CPAs. When it comes to a two-in-one professional, you get to experience the best of both worlds. If you’re in need of both of these types of experts, then it can be difficult to work with two separate individuals. Not only will your tax situation inevitably become even more confusing with multiple parties involved, but you might also get confused on exactly who to turn to with what matters.

Hiring a two-in-one professional will help you cut through all the confusion and get you the direct representation you need. You can lean on the knowledge and experience of our tax experts here at Tax Group Center. We’ll help ensure that the same expert can provide reliable information regarding both the legal and financial aspects of your tax situation and your tax decisions.

FAQs

Do you want to learn more about tax attorneys and CPAs in Green Bay? Get answers to some of the most commonly asked questions below.

What is the Difference Between a Green Bay Tax Attorney and a CPA?

The main difference between a CPA and a tax attorney is the inclusive attorney-client privilege you get to share with a lawyer. If something goes wrong with your returns, your lawyer can’t be called in to testify against you. They also can’t be held responsible for your actions, though. A CPA, on the other hand, can help you with your taxes, but they can also be called to testify against you if something goes wrong on your returns.

When is it Best to Hire a Tax Attorney in Green Bay?

Lawyers are also legal experts, so they can provide greater guidance when it comes to following the law. With that in mind, it might be best to hire an attorney in the following situations:

• You’re facing a complex legal situation that could land you in legal trouble
• You’re struggling to communicate with the IRS
• You want help itemizing deductions without accepting standard deductions
• You want to file an estate tax return

What Do I Look for in a Tax Attorney and CPA?

Not every two-in-one tax attorney and CPA expert has the same qualifications and expertise. With that in mind, it’s in your best interests to do your research to ensure you hire the best professional possible to help you with your tax concerns. Look for an attorney and CPA that has extensive experience handling clients that have had similar issues as yours in the past. You should also check the professional’s reviews to ensure that past clients haven’t had serious issues with them.

If you need help with specific tax matters, including help with tax and document preparation, Tax Group Center is here to help as your trusted Tampa tax attorney and CPA. When you turn to us, you’ll be able to work with a dual-certified tax attorney and CPA when you would ordinarily need to work with two professionals to handle the legal and financial aspects of taxation.

Why You’ll Benefit from Hiring a Tampa Tax Attorney and CPA

When searching for a tax attorney or CPA in Tampa to help you with various tax issues, you’ll benefit from both types of services with representation from Tax Group Center. Our services include the following:

International Tax Representation in Tampa

If you need assistance with international tax representation in Tampa, we’ll help you consistently maintain compliance in each jurisdiction where you operate. We have the ability to help with matters including reporting for foreign bank and financial accounts, trust ownership, inheritances, foreign gifts, and offshore disclosures, among others.

Tampa IRS Audit Representation

Our Tampa tax attorneys and CPAs can help you determine what the IRS needs from you and represent you during an audit. In the process, we’ll help you stay compliant with IRS requests and minimize exposure to reduce the risk of liability and penalties.

Other Representation

We also provide other types of tax representation services in and around Tampa. Simply reach out to us to relay the specific issues you’re facing and we’ll determine whether our services in the capacity of a tax attorney or CPA can help.

The Advantages of Hiring a NTampa CPA and Tax Attorney in One

Based on the specific matters involved in your case, you might need the help of either a Tampa tax attorney or a CPA. Both of these experts offer tax representation for a variety of situations, but you’ll benefit from working with a professional who can provide both services as a dual-certified tax lawyer and CPA.

Tax Group Center offers the reliability of a Tampa CPA and tax attorney as an all-in-one representative. We’ll work with you to determine what you specifically need and provide you with the services of either a tax attorney or CPA, depending on whether you need to handle the legal or financial aspects of your case.

FAQs

For more information about Tampa tax attorneys and CPAs, here are a few key questions and answers to give you a better idea of what we can do for you.

What is the difference between a tax attorney and a CPA in Tampa?

There are certain differences between tax attorneys and certified public accountants (CPAs) that will help you decide which one to seek for representation. Generally, while a CPA can represent you during IRS audits and other circumstances and look at them from a financial angle, tax attorneys can handle the legal aspect and provide you with attorney-client privilege.

CPAs handle a variety of matters such as divorce, personal business, asset management, and retirement. Meanwhile, a tax attorney can help with business tax law, tax disputes, estate planning, and other legally oriented issues.

When should you hire a tax lawyer in Tampa?

A Tampa tax attorney may benefit you in many ways, depending on the issues you need representation to help handle. These issues could regard the following:

• Taxable estates
• Filing estate tax returns
• The IRS’s unresponsiveness to attempts to correct mistakes
• The itemization of deductions
• Building an estate planning strategy

How can I find the right Tampa tax attorney and CPA?

Whether you need the assistance of a tax attorney or a CPA in Tampa, there are many potential representatives out there, making it crucial to find the right one for you. Locate a professional with plenty of experience to provide you with the most reliable representation. When you turn to Tax Group Center, you can work with a representative that offers a combination of CPA and tax attorney representation to maximize flexibility. We also have experience handling many unique issues for our clients based on their individual circumstances.

Have you received a CP14 IRS Notice letter that’s left you baffled? The simple explanation is that you owe the IRS money. However, a CP14 Notice doesn’t necessarily mean a heavy tax debt. Here’s a quick guide to what to do if you get an IRS CP14 letter.

What Is CP14?

The formal IRS term for the CP14 Notice letter is the Notice of Tax Due and Demand for Payment letter. It is sent for balances of $5 or more. If you’ve received this letter, it means that the tax return you filed carries a balance due for taxes owed. Your letter should contain your name, the amount you owe, the tax year you owe for, applicable interest and penalties, and the date the letter was issued by the IRS.

What Should I Do If I Get a CP14 Letter From the IRS?

A CP14 IRS notice doesn’t need to be a cause for panic. This is actually the most common letter sent to taxpayers. In fact, it’s something that many tax attorneys resolve with a single phone call on a daily basis. However, that doesn’t mean you should sit on this letter.

The CP14 timeframe is strict. When looking at your letter, you will notice that the IRS requests payment within 21 days. Failure to pay the amount owed can result in penalties and fees. If you go 60 days without paying, the IRS is permitted to move forward with collection activity. This puts you in jeopardy of having a Notice of Federal Tax Lien filed against you. A lien secures the government interest in your property when you fail to pay your tax debt. A lien is the final step before a levy that empowers the IRS to seize property and assets.

Hopefully, you’ll take care of an IRS CP14 letter long before it gets to that point. We’ve already established that the first step to successfully handling a CP14 letter is to not ignore it. The next step is deciding the proper way to respond.

How to Respond to a CP14 IRS Letter

Refer to your personal tax records to see what they say about the balance due in question. If you can verify that you’ve paid the correct amount in taxes, you can hold off on paying the balance immediately. The caveat is that you must respond to the IRS to inform them about the error instead of just pushing the letter aside.

You have 60 days from the date of the IRS CP14 letter to respond. Taking care of your response earlier is always advised. Even someone who is fully confident that they’ve paid the correct balance on their taxes should consider consulting a tax professional at this point. A careful review of your income and deductions in comparison to the return that was filed can help you to have confidence that contesting the IRS bill is the correct decision.

If you’ve had your taxes prepared by a “mega” tax company, there’s a good chance that a seasonal tax preparer without advanced skills and expertise prepared your taxes. This may have left you vulnerable to an error on your return.

What if you determine that you do actually owe the IRS money after receiving a CP14 letter? Taxpayers are essentially left with four options. These options are: paying the balance in full, asking for “temporary time to pay” without penalty, seeking a payment plan, or seeking forgiveness of your balance. Here’s how each option could play out:

• Paying Your Balance: If a review of your tax records shows that the CP14 letter is correct, you can simply pay the taxes that you owe in full. The IRS accepts both online and mailed payments.
  
• Requesting Temporary Time to Pay: There’s a second option to consider if the CP14 letter is accurate. If requested, the IRS may grant you up to 120 days to pay your balance in full. This option should only be pursued if you have complete certainty that you can pay the IRS in full by the extended deadline. Penalty forgiveness is forfeited once you make a payment.
  
• Payment Plan: The IRS offers installment plans for most debts. If the balance on your CP14 is under $50,000, the IRS can offer you a 72-month payment plan. Debts that fall between $50,000 and $100,000 can qualify for an 84-month payment plan. Requesting a hardship payment plan is another option. When a hardship plan is approved, the taxpayer makes payments based on their financial capabilities instead of regular IRS rules. Getting approved for a hardship payment plan is much harder than getting approved for a traditional installment plan because the taxpayer must supply income, asset, expense, and liability disclosures.
  
• Forgiveness: It’s possible to have the balance on a CP14 forgiven using either offer in compromise (OIC) or currently not collectible (CNC) status if you’re having tax problems due to financial hardship.

While installment plans are fairly easy to get, access should not be assumed. It’s important to follow all IRS guidelines for being approved for an installment plan to avoid being disqualified due to nonpayment. You can read up on tax FAQs to get an idea of how installment and forgiveness plans work.

What If the IRS Sends a CP14 Notice Letter by Mistake?

If the IRS sends you a CP14 Notice letter, the agency is confident that you owe tax money based on a discrepancy that they have confirmed is not a math issue. You may have tax and financial documents that you feel prove otherwise. If you think there’s been an IRS CP14 mistake, you should call the phone number located in the IRS Help section of your CP14 Notice letter. It’s advised that you have returns, amended returns, canceled checks, and other relevant documents ready when placing the call. More importantly, a taxpayer can protect their interests by having a tax professional guide the call on their behalf.

Don’t let a CP14 Notice from the IRS stop you in your tracks! The tax professionals at Tax Group Center can help you navigate this situation. Contact us today!

If you’re in need of help resolving various tax problems and assistance with tax preparation, you may benefit from working with an experienced Portland tax attorney and CPA. With the help of a combination of an attorney and a CPA with dual certification, you’ll be able to work with professionals who can handle both the legal and financial aspects of your strategy.

Why You Need a Portland Tax Attorney and CPA

There are several key ways a Portland CPA and tax attorney in one can help you. Depending on your needs, we can assist with:

IRS Audit Representation

A Portland tax lawyer and CPA will be able to help you determine what the IRS wants from you. With the right representation, you can ensure you remain compliant with IRS requests. At the same time, you’ll be able to avoid overexposure that could otherwise lead to liabilities and penalties.

International Tax Representation in Portland

If you need representation for international matters while based in Portland, we’ll help you remain compliant based on international jurisdictions. We’ll assist you with reporting for foreign financial and bank accounts, along with foreign gifts, trust ownership, offshore disclosures, inheritances, and more.

Other Types of Representation

We can also provide representation for other matters in Portland. Regardless of your requirements regarding tax representation in Portland or other cities in Oregon, we’ll be able to work with you to maintain compliance and efficiency.

The Difference Between Hiring a Portland Tax Attorney, a CPA, and Both in One

In some cases, you might need a Portland tax attorney, while in others you might need a Portland CPA. Different matters will benefit from the representation of one or the other, but this can get daunting if you need to work with two different professionals to serve both functions.

At Tax Group Center, we function as a combination of both a tax attorney and CPA as an all-in-one representative. Regardless of the tax issue you need assistance with, we’re here for you as a dual-certified CPA and tax attorney in Portland, enabling us to address issues from a legal and financial standpoint.

FAQs

If you would like to know more about Portland tax attorney and CPA representation, the following are some questions and answers to provide some guidance.

What is the difference between a Portland tax attorney and a CPA?

The main difference between a tax attorney and a certified public accountant (CPA) is that while CPAs can assist with representation during audits and in other circumstances, tax attorneys offer attorney-client privilege and can advise you on tax law. 

CPAs generally help with tax issues pertaining to personal business, divorce, retirement, asset management, out-of-state tax returns, and financial estate planning. Meanwhile, tax attorneys may help with tax disputes, trusts, business tax law, and estate planning.

When is it best to hire a tax attorney in Portland?

There are many circumstances when you can benefit from hiring a tax attorney, including:

• The IRS isn’t responding when you attempt to correct an error
• You must make complex estate planning strategies
• You want to itemize deductions without accepting standard deductions
• You own a taxable estate
• You want to file an estate tax return

What do I look for in a Portland tax attorney and CPA?

If you need a tax attorney or CPA in Portland, you can find the right representation by looking for the best services. Specifically, you should look for representation that offers plenty of experience handling similar cases to yours. Look for tax attorneys and CPAs with years of experience behind them and the ability to put together a specific plan of action for you.

Charlotte Tax Attorney and CPA

For help with specific types of tax issues and help with preparing taxes and documentation, turn to a reliable Charlotte tax attorney and CPA when you work with Tax Group Center. We offer dual-certified services that you won’t find with a CPA or tax attorney separately, as we combine the powers of both into a single solution. We’ll connect you with experienced and reliable professionals who can handle the financial and legal elements of your next strategy.

Why You Should Hire a Charlotte Tax Attorney and CPA

Whether you need the help of a tax attorney or CPA in Charlotte to meet your needs, we offer the services of both to provide extensive representation. We offer services such as:

International Tax Representation in Charlotte

For help with international tax representation while working from Charlotte, connect with our experts who can help maintain compliance in each jurisdiction. We’ll help with everything from foreign bank and financial accounts and trust ownership to foreign gifts and inheritances.

IRS Audit Representation

Charlotte tax attorneys and CPAs can also help you with audit representation when dealing with the IRS. We’ll help you determine what the IRS is seeking from you and help you remain compliant with all requests. In the process, we’ll also help you avoid potential overexposure that could otherwise make you liable and lead to certain penalties.

Other Representation

In addition to these services, we provide other types of representation for our clients in Charlotte. Simply discuss your needs with us and we’ll help determine if you’ll benefit from the help of a tax attorney or a CPA for your strategy.

The Benefits of Hiring a Charlotte Tax Attorney and CPA in One

Depending on the specific matter you need to handle, you might need the help of either a Charlotte tax lawyer or a CPA. Both of these professionals offer representation for a variety of situations, but it can be a hassle to alternate between the two when you might benefit from working with both at once.

Tax Group Center offers the dependability of a Charlotte CPA and tax attorney as an all-inclusive representative. We’ll work closely with you to determine your specific needs and provide you with the necessary representation as either a CAP or tax attorney, depending on whether you need a legal or financial focus.

FAQs

For more information about Charlotte tax attorneys and CPAs, here are a few key questions and answers to give you a better idea of what we can do for you.

What is the difference between a tax attorney and a CPA in Charlotte?

There are some key differences between tax attorneys and certified public accountants (CPAs) that will dictate which one to have represent you. Generally, while a CPA can represent you during IRS audits and other circumstances and look at them from a financial angle, tax attorneys can handle the legal aspect and provide you with attorney-client privilege.

CPAs handle issues such as divorce, personal business, asset management, and retirement. On the other hand, a tax attorney can help with business tax law, tax disputes, estate planning, and other legally oriented issues.

When should you hire a tax lawyer in Charlotte?

A Charlotte tax attorney may benefit you in many ways, depending on the issues you need representation to help handle. These issues could pertain to:

• Taxable estates
• Filing estate tax returns
• The IRS’s unresponsiveness to attempts to correct mistakes
• The itemization of deductions
• Building an estate planning strategy

How can I find the right Charlotte tax attorney and CPA?

Whether you need the help of a tax attorney or a CPA in Charlotte, there are many potential representatives out there, making it necessary to find the right one for you. Look for a professional with plenty of experience to provide you with the most reliable representation available. You should also turn to a representative that can offer you a combination of CPA and tax attorney representation to maximize flexibility. Also, turn to a representative with experience handling issues that are specific to you.

Do you require assistance with tax preparation or handling certain tax issues? With the help of a dual-certified Orlando tax attorney and CPA, you can ensure no aspect goes overlooked. A tax attorney who doubles as a certified public accountant (CPA), you can benefit from working with someone who understands the legal and financial components of taxation.

How You Benefit from Working With an Orlando Tax Attorney and CPA

If you’re wondering what having an Orlando CPA and tax attorney together can do for you, the following are some of the specific advantages you’ll find with this two-in-one professional:

Representation During IRS Audits

One of the benefits of turning to a tax attorney and CPA in one is the ability to receive representation during an IRS audit. This professional will be able to determine exactly what the IRS is looking for in an audit and can help you maintain compliance with all requests. In the process, you can avoid potential overexposure that might otherwise make you liable and subsequently lead to penalties.

International Tax Representation in Orlando

If you’re based in Orlando but need help with international tax matters, a tax attorney and CPA can help you maintain compliance in each jurisdiction, regardless of location. We can assist with everything from trust ownership and foreign gifts to reporting all foreign accounts and offshore disclosures. 

Additional Representation

For other matters relating to taxation, we can represent you in Orlando. You’ll benefit from consistent efficiency and compliance with our help whenever you need us, whether you require our services in Orlando or other cities throughout Florida.

Why You Should Hire an Orlando Tax Attorney and CPA in One

Sometimes you might need an Orlando CPA, while other times a tax attorney is the professional you want to hire. While both come with their respective benefits depending on the circumstances, but it can be challenging to locate and work with a CPA and tax attorney separately.

If you’re in need of both an Orlando CPA and tax attorney, turn to the experts at Tax Group Center. We’ll help you resolve any tax issue you face by connecting you with dual-certified tax attorneys and CPAs in Orlando. As a result, you can trust the same expert as your go-to for all legal and financial aspects of taxation.

FAQs

Want to learn more about Orlando CPA and tax attorney representation? Here are some common questions and answers to give you additional information. 

What Is the Difference Between an Orlando tax attorney and a CPA?

The key difference between a tax attorney and a CPA, or certified public accountant, is that while CPAs can help with representation during audits and in other circumstances, tax attorneys offer attorney-client privilege and can provide legal advice around tax law.

CPAs normally assist with tax issues regarding personal business, divorce, retirement, asset management, out-of-state tax returns, and financial estate planning. Meanwhile, tax attorneys in Orlando may help with tax disputes, trusts, business tax law, and estate planning.

When is it best to hire a tax attorney in Orlando?

There are many circumstances when you can benefit from hiring a tax attorney in Orlando, including:

• The IRS isn’t responding when you attempt to correct an error
• You must make complex estate planning strategies
• You want to itemize deductions without accepting standard deductions
• You own a taxable estate
• You want to file an estate tax return

What do I look for in a Orlando tax attorney and CPA?

If you require the help of a tax attorney or CPA in Orlando, you can get the services you need by locating the right business. Specifically, you should seek representation with ample experience handling cases that are similar to yours. Turn to tax attorneys and CPAs with years of experience backing them along with the ability to help you develop a solid plan for the future.

Tampa Tax Attorney and CPA

If you need help with specific tax matters, including help with tax and document preparation, Tax Group Center is here to help as your trusted Tampa tax attorney and CPA. When you turn to us, you’ll be able to work with a dual-certified tax attorney and CPA when you would ordinarily need to work with two professionals to handle the legal and financial aspects of taxation.

Why You’ll Benefit from Hiring a Tampa Tax Attorney and CPA

When searching for a tax attorney or CPA in Tampa to help you with various tax issues, you’ll benefit from both types of services with representation from Tax Group Center. Our services include the following:

International Tax Representation in Tampa

If you need assistance with international tax representation in Tampa, we’ll help you consistently maintain compliance in each jurisdiction where you operate. We have the ability to help with matters including reporting for foreign bank and financial accounts, trust ownership, inheritances, foreign gifts, and offshore disclosures, among others.

Tampa IRS Audit Representation

Our Tampa tax attorneys and CPAs can help you determine what the IRS needs from you and represent you during an audit. In the process, we’ll help you stay compliant with IRS requests and minimize exposure to reduce the risk of liability and penalties.

Other Representation

We also provide other types of tax representation services in and around Tampa. Simply reach out to us to relay the specific issues you’re facing and we’ll determine whether our services in the capacity of a tax attorney or CPA can help.

The Advantages of Hiring a Tampa CPA and Tax Attorney in One

Based on the specific matters involved in your case, you might need the help of either a Tampa tax attorney or a CPA. Both of these experts offer tax representation for a variety of situations, but you’ll benefit from working with a professional who can provide both services as a dual-certified tax lawyer and CPA.

Tax Group Center offers the reliability of a Tampa CPA and tax attorney as an all-in-one representative. We’ll work with you to determine what you specifically need and provide you with the services of either a tax attorney or CPA, depending on whether you need to handle the legal or financial aspects of your case.

FAQs

For more information about Tampa tax attorneys and CPAs, here are a few key questions and answers to give you a better idea of what we can do for you.

What is the difference between a tax attorney and a CPA in Tampa?

There are certain differences between tax attorneys and certified public accountants (CPAs) that will help you decide which one to seek for representation. Generally, while a CPA can represent you during IRS audits and other circumstances and look at them from a financial angle, tax attorneys can handle the legal aspect and provide you with attorney-client privilege.

CPAs handle a variety of matters such as divorce, personal business, asset management, and retirement. Meanwhile, a tax attorney can help with business tax law, tax disputes, estate planning, and other legally oriented issues.

When should you hire a tax lawyer in Tampa?

A Tampa tax attorney may benefit you in many ways, depending on the issues you need representation to help handle. These issues could regard the following:

• Taxable estates
• Filing estate tax returns
• The IRS’s unresponsiveness to attempts to correct mistakes
• The itemization of deductions
• Building an estate planning strategy

How can I find the right Tampa tax attorney and CPA?

Whether you need the assistance of a tax attorney or a CPA in Tampa, there are many potential representatives out there, making it crucial to find the right one for you. Locate a professional with plenty of experience to provide you with the most reliable representation. When you turn to Tax Group Center, you can work with a representative that offers a combination of CPA and tax attorney representation to maximize flexibility. We also have experience handling many unique issues for our clients based on their individual circumstances.

Have you received a CP14 IRS Notice letter that’s left you baffled? The simple explanation is that you owe the IRS money. However, a CP14 Notice doesn’t necessarily mean a heavy tax debt. Here’s a quick guide to what to do if you get an IRS CP14 letter.

What Is CP14?

The formal IRS term for the CP14 Notice letter is the Notice of Tax Due and Demand for Payment letter. It is sent for balances of $5 or more. If you’ve received this letter, it means that the tax return you filed carries a balance due for taxes owed. Your letter should contain your name, the amount you owe, the tax year you owe for, applicable interest and penalties, and the date the letter was issued by the IRS.

What Should I Do If I Get a CP14 Letter From the IRS?

A CP14 IRS notice doesn’t need to be a cause for panic. This is actually the most common letter sent to taxpayers. In fact, it’s something that many tax attorneys resolve with a single phone call on a daily basis. However, that doesn’t mean you should sit on this letter.

The CP14 timeframe is strict. When looking at your letter, you will notice that the IRS requests payment within 21 days. Failure to pay the amount owed can result in penalties and fees. If you go 60 days without paying, the IRS is permitted to move forward with collection activity. This puts you in jeopardy of having a Notice of Federal Tax Lien filed against you. A lien secures the government interest in your property when you fail to pay your tax debt. A lien is the final step before a levy that empowers the IRS to seize property and assets.

Hopefully, you’ll take care of an IRS CP14 letter long before it gets to that point. We’ve already established that the first step to successfully handling a CP14 letter is to not ignore it. The next step is deciding the proper way to respond.

How to Respond to a CP14 IRS Letter

Refer to your personal tax records to see what they say about the balance due in question. If you can verify that you’ve paid the correct amount in taxes, you can hold off on paying the balance immediately. The caveat is that you must respond to the IRS to inform them about the error instead of just pushing the letter aside.

You have 60 days from the date of the IRS CP14 letter to respond. Taking care of your response earlier is always advised. Even someone who is fully confident that they’ve paid the correct balance on their taxes should consider consulting a tax professional at this point. A careful review of your income and deductions in comparison to the return that was filed can help you to have confidence that contesting the IRS bill is the correct decision.

If you’ve had your taxes prepared by a “mega” tax company, there’s a good chance that a seasonal tax preparer without advanced skills and expertise prepared your taxes. This may have left you vulnerable to an error on your return.

What if you determine that you do actually owe the IRS money after receiving a CP14 letter? Taxpayers are essentially left with four options. These options are: paying the balance in full, asking for “temporary time to pay” without penalty, seeking a payment plan, or seeking forgiveness of your balance. Here’s how each option could play out:

• Paying Your Balance: If a review of your tax records shows that the CP14 letter is correct, you can simply pay the taxes that you owe in full. The IRS accepts both online and mailed payments.
  
• Requesting Temporary Time to Pay: There’s a second option to consider if the CP14 letter is accurate. If requested, the IRS may grant you up to 120 days to pay your balance in full. This option should only be pursued if you have complete certainty that you can pay the IRS in full by the extended deadline. Penalty forgiveness is forfeited once you make a payment.
  
• Payment Plan: The IRS offers installment plans for most debts. If the balance on your CP14 is under $50,000, the IRS can offer you a 72-month payment plan. Debts that fall between $50,000 and $100,000 can qualify for an 84-month payment plan. Requesting a hardship payment plan is another option. When a hardship plan is approved, the taxpayer makes payments based on their financial capabilities instead of regular IRS rules. Getting approved for a hardship payment plan is much harder than getting approved for a traditional installment plan because the taxpayer must supply income, asset, expense, and liability disclosures.
  
• Forgiveness: It’s possible to have the balance on a CP14 forgiven using either offer in compromise (OIC) or currently not collectible (CNC) status if you’re having tax problems due to financial hardship.

While installment plans are fairly easy to get, access should not be assumed. It’s important to follow all IRS guidelines for being approved for an installment plan to avoid being disqualified due to nonpayment. You can read up on tax FAQs to get an idea of how installment and forgiveness plans work.

What If the IRS Sends a CP14 Notice Letter by Mistake?

If the IRS sends you a CP14 Notice letter, the agency is confident that you owe tax money based on a discrepancy that they have confirmed is not a math issue. You may have tax and financial documents that you feel prove otherwise. If you think there’s been an IRS CP14 mistake, you should call the phone number located in the IRS Help section of your CP14 Notice letter. It’s advised that you have returns, amended returns, canceled checks, and other relevant documents ready when placing the call. More importantly, a taxpayer can protect their interests by having a tax professional guide the call on their behalf.

Don’t let a CP14 Notice from the IRS stop you in your tracks! The tax professionals at Tax Group Center can help you navigate this situation. Contact us today!

If you’re in need of help resolving various tax problems and assistance with tax preparation, you may benefit from working with an experienced Portland tax attorney and CPA. With the help of a combination of an attorney and a CPA with dual certification, you’ll be able to work with professionals who can handle both the legal and financial aspects of your strategy.

Why You Need a Portland Tax Attorney and CPA

There are several key ways a Portland CPA and tax attorney in one can help you. Depending on your needs, we can assist with:

IRS Audit Representation

A Portland tax lawyer and CPA will be able to help you determine what the IRS wants from you. With the right representation, you can ensure you remain compliant with IRS requests. At the same time, you’ll be able to avoid overexposure that could otherwise lead to liabilities and penalties.

International Tax Representation in Portland

If you need representation for international matters while based in Portland, we’ll help you remain compliant based on international jurisdictions. We’ll assist you with reporting for foreign financial and bank accounts, along with foreign gifts, trust ownership, offshore disclosures, inheritances, and more.

Other Types of Representation

We can also provide representation for other matters in Portland. Regardless of your requirements regarding tax representation in Portland or other cities in Oregon, we’ll be able to work with you to maintain compliance and efficiency.

The Difference Between Hiring a Portland Tax Attorney, a CPA, and Both in One

In some cases, you might need a Portland tax attorney, while in others you might need a Portland CPA. Different matters will benefit from the representation of one or the other, but this can get daunting if you need to work with two different professionals to serve both functions.

At Tax Group Center, we function as a combination of both a tax attorney and CPA as an all-in-one representative. Regardless of the tax issue you need assistance with, we’re here for you as a dual-certified CPA and tax attorney in Portland, enabling us to address issues from a legal and financial standpoint.

FAQs

If you would like to know more about Portland tax attorney and CPA representation, the following are some questions and answers to provide some guidance.

What is the difference between a Portland tax attorney and a CPA?

The main difference between a tax attorney and a certified public accountant (CPA) is that while CPAs can assist with representation during audits and in other circumstances, tax attorneys offer attorney-client privilege and can advise you on tax law. 

CPAs generally help with tax issues pertaining to personal business, divorce, retirement, asset management, out-of-state tax returns, and financial estate planning. Meanwhile, tax attorneys may help with tax disputes, trusts, business tax law, and estate planning.

When is it best to hire a tax attorney in Portland?

There are many circumstances when you can benefit from hiring a tax attorney, including:

• The IRS isn’t responding when you attempt to correct an error
• You must make complex estate planning strategies
• You want to itemize deductions without accepting standard deductions
• You own a taxable estate
• You want to file an estate tax return

What do I look for in a Portland tax attorney and CPA?

If you need a tax attorney or CPA in Portland, you can find the right representation by looking for the best services. Specifically, you should look for representation that offers plenty of experience handling similar cases to yours. Look for tax attorneys and CPAs with years of experience behind them and the ability to put together a specific plan of action for you.

Charlotte Tax Attorney and CPA

For help with specific types of tax issues and help with preparing taxes and documentation, turn to a reliable Charlotte tax attorney and CPA when you work with Tax Group Center. We offer dual-certified services that you won’t find with a CPA or tax attorney separately, as we combine the powers of both into a single solution. We’ll connect you with experienced and reliable professionals who can handle the financial and legal elements of your next strategy.

Why You Should Hire a Charlotte Tax Attorney and CPA

Whether you need the help of a tax attorney or CPA in Charlotte to meet your needs, we offer the services of both to provide extensive representation. We offer services such as:

International Tax Representation in Charlotte

For help with international tax representation while working from Charlotte, connect with our experts who can help maintain compliance in each jurisdiction. We’ll help with everything from foreign bank and financial accounts and trust ownership to foreign gifts and inheritances.

IRS Audit Representation

Charlotte tax attorneys and CPAs can also help you with audit representation when dealing with the IRS. We’ll help you determine what the IRS is seeking from you and help you remain compliant with all requests. In the process, we’ll also help you avoid potential overexposure that could otherwise make you liable and lead to certain penalties.

Other Representation

In addition to these services, we provide other types of representation for our clients in Charlotte. Simply discuss your needs with us and we’ll help determine if you’ll benefit from the help of a tax attorney or a CPA for your strategy.

The Benefits of Hiring a Charlotte Tax Attorney and CPA in One

Depending on the specific matter you need to handle, you might need the help of either a Charlotte tax lawyer or a CPA. Both of these professionals offer representation for a variety of situations, but it can be a hassle to alternate between the two when you might benefit from working with both at once.

Tax Group Center offers the dependability of a Charlotte CPA and tax attorney as an all-inclusive representative. We’ll work closely with you to determine your specific needs and provide you with the necessary representation as either a CAP or tax attorney, depending on whether you need a legal or financial focus.

FAQs

For more information about Charlotte tax attorneys and CPAs, here are a few key questions and answers to give you a better idea of what we can do for you.

What is the difference between a tax attorney and a CPA in Charlotte?

There are some key differences between tax attorneys and certified public accountants (CPAs) that will dictate which one to have represent you. Generally, while a CPA can represent you during IRS audits and other circumstances and look at them from a financial angle, tax attorneys can handle the legal aspect and provide you with attorney-client privilege.

CPAs handle issues such as divorce, personal business, asset management, and retirement. On the other hand, a tax attorney can help with business tax law, tax disputes, estate planning, and other legally oriented issues.

When should you hire a tax lawyer in Charlotte?

A Charlotte tax attorney may benefit you in many ways, depending on the issues you need representation to help handle. These issues could pertain to:

• Taxable estates
• Filing estate tax returns
• The IRS’s unresponsiveness to attempts to correct mistakes
• The itemization of deductions
• Building an estate planning strategy

How can I find the right Charlotte tax attorney and CPA?

Whether you need the help of a tax attorney or a CPA in Charlotte, there are many potential representatives out there, making it necessary to find the right one for you. Look for a professional with plenty of experience to provide you with the most reliable representation available. You should also turn to a representative that can offer you a combination of CPA and tax attorney representation to maximize flexibility. Also, turn to a representative with experience handling issues that are specific to you.

It’s that time of year again when we all start anew with fresh resolutions, fresh checkbooks, and fresh tax slates. With these new beginnings, however, comes the need to document what happened over the past year. For most Americans, that means preparing to file income taxes.

Are you ready to file your taxes for 2023? If not, don’t panic. You have plenty of time before the deadline, and you can prepare in advance for what’s changed with tax laws since last year. We’ll help guide you on everything you need to know to get started on your tax returns.

Individual Income Tax Return Filing Information for 2023

Individuals are expected to file their tax returns with the IRS and document exactly how much income they earned throughout the past year. To expedite the process, the IRS encourages electronic filing for those who are willing and able. So, after you organize all your financial records from 2023, consider creating an account at IRS.gov. 

For 2023, the income tax return filing deadline is April 18.

Corporate or LLC Tax Return Filing Details for 2023

If you own a business, you might be wondering what the LLC tax return filing deadline will be for 2023. The IRS has set the same deadline for LLCs as for individuals. All returns will be due by April 18, 2023. Filing your returns as an LLC, however, will be more complicated. Before getting started, you’ll need to know whether you’re filing as an LLC partnership or an LLC corporation. The answer will determine which IRS form you’ll use to file. If you need assistance filing your LLC business taxes, consider consulting with a tax expert who can help.

Frequently Asked Tax Return Filing Questions for 2023

One of the most common tax FAQs for 2023 is, “What happens if you miss the filing deadline?” Well, if you’re late on your taxes, don’t panic. You may incur fees and penalties, but you can still get right by filing ASAP. Many taxpayers also wonder what happens if they owe more taxes than they can pay right away. If that’s the case, the IRS will work with you and help set up an installment plan so that you can pay your obligations and remain in good standing.

Documents Required for Filing Income Tax Returns

The documents required for filing income tax returns vary from person to person, depending on how you’ve earned your income. In general, you’ll want to gather the following:

• Your personal tax ID or social security number
• Your spouse’s details (name, SSN, date of birth)
• Information on any dependent(s) you have (names, SSNs, date of birth, childcare records)
• Bank account details if you want your refund via direct deposit
• Tax forms received from employers (W-2, 1099s, etc.)
• Records of expenses (business, educational, childcare, etc.)
• Documents reporting other income (retirement, rental, etc.)
• Proof of deductions (charitable contributions, medical expenses, etc.)

Many of these documents will only be needed in the event of an audit, but it’s still a good idea to gather them up in case you do need them at some point.

Are You Exempt from Filing an Income Tax Return?

If you’re earning a stable income in America, then you likely need to file an income tax return. There are a few exceptions to this general rule, though. In what cases are you exempt from filing an income tax return? You might be exempt if you’re single, under 65, don’t have any special circumstances, and earned less than $12,950 in 2022. If you receive Social Security benefits and that’s your only source of income, then you likely don’t need to file. If you fall anywhere else on the spectrum, you probably do need to file your tax returns.

Rules for Filing Joint Tax Returns

If you are currently married, you and your spouse can file your taxes together so long as you follow the rules for filing joint tax returns. In a nutshell, you’ll need to include both of your income levels, deductions, and credits on a combined return.

How to Extend Filing Tax Returns for 2023

If you aren’t prepared to file as the deadline approaches, we’re happy to let you know how to extend filing tax returns for 2023. All you need to do is file Form 4868 with the IRS to request an extension of time to file.

What’s the Last Date for Filing Individual Income Tax Returns for 2023?

One of the most common tax problems experienced by taxpayers is missing the deadline to file their returns. For 2023, the last date to file individual income tax returns is Tuesday, April 18, 2023.

What’s the Benefit of Filing a Child on a Tax Return?

The obvious benefit of filing a child on a tax return is that you’ll be eligible for the child tax credit. For 2023, the maximum benefit you can receive is $2,000 per qualifying child. If this number seems a little low to you, then it’s likely because this specific credit was boosted up to $3,600 during the pandemic, but it’s now going back to pre-2020 levels.

Understand the Benefit of Filing a Tax Return in 2023

The main benefit of filing a tax return is that you’ll remain in good standing with the IRS. While that may not seem like a huge perk, it can actually be invaluable. If you wrong the IRS, you’ll soon find out that they have a lot of recourse available. They can seize your property, freeze your bank accounts, and even garnish your paycheck! If you ever experience these negative consequences, get in touch with tax attorneys who can help you understand your rights and options. Depending on your situation, you might be able to stop collection efforts by agreeing to a payment plan with the IRS.

Another benefit of filing a tax return is that you may actually be able to get money back for doing so! In 2021, over half of taxpayers (57%) didn’t pay any income tax and instead received money back. You might be owed a refund and not even know it!

Do You Need Help With Your 2023 Taxes?

Clearly, everyone benefits when we collectively meet our tax obligations. For those individuals and businesses who will need to pay taxes, you’re helping support the country by fulfilling your obligations. What’s more, you’ll stay in good standing with the IRS, which means you won’t have to worry about any consequences coming your way.

However, the process can get complicated when you face nontraditional circumstances or have fallen behind on filing or paying your taxes. The good news is that our team of highly skilled tax experts can help you, regardless of how big or small your tax problems are. Contact us today to learn more.

IRS data reveals that in any given year, about one in four taxpayers wait until the last two weeks before the tax deadline to get started on processing their taxes. Considering that the tail end of 2019 and the entire year of 2020 was filled with chaos and uncertainty, it’s no surprise that a huge number of Americans waited until the last minute to file, were given extensions, and then ended up being late with their returns.

In sum, these late filers were collectively charged over $1.2 billion in late fees and penalties.

If you are among the Americans that paid these late fees, you’ll be interested in the latest IRS tax refund pandemic relief program. It’s set to release millions, if not billions, in funds back to taxpayers who were subject to late fees and penalties in 2020.

Learn everything you need to know about this latest program below.

What You Need to Know About the 2019 and 2020 Tax Refund Pandemic Relief Program

According to IRS data, about 1.6 million taxpayers were subject to late fees, penalties, and interest fees after filing their taxes late or failing to file their taxes altogether for the years 2019 and 2020. Altogether, these IRS penalties amounted to over $1.2 billion.

The IRS recently issued Notice 2022-36, which will help provide penalty relief to those taxpayers. Eligible taxpayers include individuals, banks, employers, and other businesses who were charged a Failure to File Penalty for 2019 or 2020.

Taxpayers who haven’t yet paid off their fees will find their overall tax debt burden reduced because those overdue penalties will be abated. If you have already paid off these fees, you will receive a refund or credit from the IRS by the end of September.

Why the IRS Is Issuing a Federal Income Tax Refund for Late Filers in 2019 and 2020

You might be wondering what prompted the IRS to issue this new federal income tax refund relief. According to the IRS, this effort serves multiple purposes. For one, it provides much-needed financial assistance to families and individuals who either owe the IRS a significant amount or paid the IRS money that could’ve gone elsewhere. Considering the pandemic has wreaked havoc on most people’s finances, this effort isn’t going unnoticed.

This move will also help the IRS process a massive backlog of tax returns. Since 2020, the IRS has handled multiple stimulus checks, complicated tax situations, extensions, and a plethora of other issues. The agency hopes this recent move will help them return to normal operations for the 2023 tax season.

How Long Does it Take the IRS to Process a Refund?

Are you wondering how to waive a penalty with IRS late filing? Did you already pay off your penalties or late fees? If so, then we have good news! This new pandemic relief is automatic. That means you will not need to apply for the program, contact the IRS, or take any further action to benefit from the relief efforts.

We’ve got more good news: It won’t take long for the IRS to sort all this out. The agency hopes to have most eligible taxpayers paid by the end of September. It may take an extra month or so to ensure that everyone gets what they’re owed, though.

How to Contact the IRS About Your Refund

Have you still not seen any refund or credit towards your tax penalties or fees? If so, it might be a good idea to contact the IRS about your refund. You can talk to an IRS agent directly by calling (800) 829-1040 during business hours.

Consequences of Filing Your Taxes Late in 2022

Have you missed the tax deadline for 2022? Did you fail to ask for an extension? If so, you could get hit with a new Failure to File Penalty. This penalty amounts to 5% of any unpaid tax and is charged for every month you’re late on your taxes. You can get charged up to 25% of your total unpaid tax bill. These penalties will collect interest, too.

A tax refund late filing could cause other problems, too. The consequences of not filing or paying state taxes could lead to wage garnishment, tax liens, or even criminal charges.

Will the IRS Waive a Penalty for Late Filing This Year or in the Future?

Considering that the IRS is issuing widespread and automatic penalty relief, you might not be considering the consequences of filing your taxes late this year. It’s crucial to understand that this pandemic relief is out of the ordinary. It’s very unlikely that the IRS will ever waive these types of penalties, fees, and interest payments in the future for years other than 2019 and 2020.

With that in mind, it’s important to rectify your tax situation if you haven’t yet filed your taxes for 2022. You need to know the tax extension deadlines for 2022, and you need to adhere to them or run the risk of experiencing collection efforts from the IRS or your state tax agency.

Do You Have More IRS Tax Refund Questions?

The latest IRS tax refund pandemic relief program is set to give back millions of dollars to American taxpayers who struggled throughout 2020. While most Americans focused on surviving, some may have experienced compounding interest and fees from failing to file their taxes or from filing them late.

Considering we were all going through an unprecedented worldwide pandemic, it makes sense to be a little lenient on those Americans who paid late fees, interest, and other penalties to the IRS at the time. It’s important for taxpayers to understand, though, that this type of relief is not common, and it’s unlikely to be implemented for any future years.

Do you have more questions about your tax return from 2019 or 2020? Are you currently struggling with this year’s tax return? If so, Tax Group Center is here to help. Fill out our online contact form now to hear back from one of our agents.