Dealing with the IRS over unpaid taxes is the last thing any business or company wishes for in the USA. Among many reasons, financial difficulties and a lack of knowledge and understanding of tax laws can put people in a challenging situation of having tax debts owed to the IRS. Fortunately, E.A. Buck Accounting & Tax Services helps clients navigate a way out.
The firm explores different approaches to settling tax debts. One is negotiating an Installment Agreement for clients that cannot pay the owed taxes in full. While there may be penalties and interest, allowing clients to pay their debts in installments over time enables them to get back on their feet and grow their businesses.
E.A. Buck Accounting & Tax Services may also negotiate for penalty abatement. Unlike the Installment Agreement, accountants may request the IRS to remove or reduce the penalties on their tax debts. They may argue, for example, that the client suffered a severe illness or natural disaster, therefore, was unable to pay taxes on time.
Alternatively, E.A. Buck Accounting & Tax Services may assist the client in negotiating for Offer in Compromise, especially if they cannot pay their taxes in installments or in full. The firm puts its best foot forward to argue the client’s case and convince the agency, given that the IRS requires the client to demonstrate an inability to pay the tax debt.
In addition, the team of accountants assists small businesses, individuals, and corporations with tax preparations. They provide Delinquent Return Preparation services for clients who missed the deadline to file their tax returns. Additionally, they offer Prior Year Tax Return preparation services and free reviews of outside (and self-prepared) returns.
The firm also helps clients manage pre-tax spending accounts and get tax credits from the state. In addition to ensuring everything is done correctly and per the tax laws, the service is meant to save client time. Instead, they can redirect the time they would have spent waiting in long lines to file taxes (or worrying about forms being lost in the mail) towards building their business.
When speaking about the company, a client noted: “The team is detail oriented and carefully files my tax documents error-free and in alignment with current codes so that I don’t need to do amendments. I enter tax season stress-free every year, knowing all my accounts have been well managed and any available tax deduction is accounted for in the proper expense categories.”
E.A. Buck Accounting & Tax Services is located at 55 Merchant St., Suite 2100, Honolulu, 96813, US. Clients interested in tax preparation, resolution, or bookkeeping services can contact the firm at (888) 210-6567. Visit the website to learn more about E.A. Buck Accounting & Tax Services.
E.A. Buck Accounting & Tax Services
55 Merchant Street, Suite 2100
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Mantranews journalist was involved in the writing and production of this article.