H & S Tax Accounting, Inc.
H & S Tax Accounting, Inc. offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized quality service that is beyond comparison. Below we have listed the services that we offer to our clients. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
- Individual & Business Tax Preparation
- Employment Taxes
- Sales Tax Services
- Estate & Trust Tax Preparation
- Corporate Tax Preparation
- Business Entity Selection
- IRS Representation
- Tax Debt Relief
- Non-Filed Tax Returns
- Back Taxes owed
- IRS Audit Representation
- Retirement Plan Options
Individual & Business Tax Preparation
We will prepare and answer your tax questions. We'll make sure your taxes are done right and ensure you've taken advantage of all available credits and deductions to maximize your refund.
We will prepare and file your employment tax returns forms 941, 940, 944 & 945.
Form 941 Employer's Quarterly Federal Tax Return is due by April 30, July 31, October 31 and January 31.
Form 940 Employer's Annual Federal Unemployment Tax Return (FUTA) is due and filed annually.
Form 944 Employer's Annual Federal Tax Return must be filed annually instead of filing quarterly form 941, only if the IRS notified you in writing.
Form 945 Annual Return of Withheld Federal Income Tax is filed annually.
Sales Tax Services
We can assist your company in preparation of sales tax returns in a timely manner.
Estate & Trust Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. We can help you to facilitate the transfer of assets and minimize the tax liability of your beneficiaries.
Corporate Tax Preparation
We will prepare and file your corporate returns forms 1120 or 1120S in an efficient and timely manner.
Business Entity Selection
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, we can advise you on choosing an entity type to help you determine the most advantageous form of business entity.
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.
If you've received an audit notice from the IRS, please contact us for a Free Consultation.
Tax Debt Relief
Tax debt relief covers several aspects of assistance: Wage garnishment, innocent spouse, bank levies, offers-in-compromise, payroll tax problems among other situations. Ignoring these situations from the time they begin is usually the greatest reason that people end up in this kind of trouble. We at H & S Tax Accounting will assist you each step of the way and keep you informed on your case.
The IRS will accept an Offer-in-Compromise when it is unlikely that the tax liability can be collected in full and the amount of the IRS Offer in Compromise reasonably reflects collection potential. An Offer in Compromise is a legitimate alternative to declaring a case as currently not collectible. We must prove that it is within the IRS' best interest to settle your tax debt for less than you owe. You should hire a professional with knowledge of the IRS' procedures. We determine the least amount that the IRS will accept from you. Let a tax professional prepare the documents for you quickly and affordable. If your Offer is not submitted correctly it will be rejected.
Non - Filed Tax Returns
Let us give you the peace of mind you deserve by helping you, get in compliance with the law. If you voluntarily file your delinquent returns you'll likely avoid further problems other than having to pay the interest and penalties. If you wait for the IRS to file your returns for you, they are filed in the best interest of the government, usually with little or none of the deductions you are entitled to. In some cases you might receive a refund by filing your non-filed returns. Let us assist you in getting back into compliance. Contact us for free consultation.
Back Taxes Owed
We offer several options when it comes to resolving unpaid taxes. Please contact us for a free consultation.
IRS Audit Representation
Receiving that letter stating that you have been chosen for an audit can be a very anxious and nervous moment. You may have many worries that you don't know the answers to or may want some explanation and assistance during this process. Typically there are three types of audits.
1. Correspondence Audit- you receive a letter from the IRS stating that either you failed to report income that was reported to the IRS, i.e. a Form W-2, or 1099 or you claimed a deduction and they want proof, this is the most typical and can generally be resolved by either filing an amended return or proving the documentation with appropriate substantiation.
2. Office Audit- you receive a letter from the IRS to schedule a meeting with you at local IRS Office, they will request that you bring a list of documents to support items on tax returns, generally the letter will be specific of what to bring.
3. Field Audit -you receive a letter from the IRS whereby the IRS agent will want to meet with you at your place of business, generally these audits are performed on businesses, however if you have reported self employment income on a schedule C then you may have a Field Audit of your home, especially if you have claimed the home office deduction, they will want you to prove this.
The essential thing is to be prepared. Shawn Shahsavari is a former IRS Field Agent and an Enrolled Agent. Having a qualified tax professional to represent you in an audit could save you a lot of stress. Qualified tax professionals understand the tax law and procedures and will make sure the client's best interests are protected and that the client's rights are protected.
Call us today - your initial consultation first 15 minutes is free!