Tax Preparation Service Available in Columbia SC - Professional tax preparers are best known for their ability to fill out income tax forms on behalf of clients. This process includes gathering Delinquent Tax Returns financial documents, analyzing an individual's situation, and calculating if they will receive a tax refund or owe money. All while complying to federal and state laws. Most tax preparers have credentials (CPAs and EAs) or are Tax Attorneys. Others work at local tax preparation shops preparing taxes seasonally without credentials.
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Professional tax services go beyond simply filing tax returns; they also include providing advice about minimizing future tax liabilities for clients. This often requires in-depth knowledge of both current and past tax laws; therefore, tax planning services provided by CPA/accounting firms or Enrolled Agents with extensive experience dealing with both individual and business taxes are most often performed for this type of planning.
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Tax resolution companies provide services to people in debt to the IRS or state who require assistance reducing this amount. They hire tax professionals with extensive tax knowledge to negotiate for you with the IRS. They also provide advice on any tax-related issues, and handle appeals and litigation proceedings on behalf of their clients.
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These companies specialize in helping people resolve tax issues that they are unable to resolve on their own. This could mean negotiating a settlement or filing an offer in compromission, or setting up a payment plan to pay back what is owed. It could even include dealing with tax liens and wage garnishments.
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An experienced tax resolution company can assist in determining if penalty waiver applies, which means forgiveness of interest and late fees that have accrued as a result of reasonable circumstances. This can be determined through reviewing documents as well as conducting an in-depth financial interview.