Providing exceptional service to our clients is paramount to our firm’s success, and this is demonstrated by being customer oriented and being responsive to the needs of the community we serve. We exemplify the following four core principles at ProTax:
- Quality – Our Federal License requires us to meet ongoing continuing education to ensure our firm is abreast of all new tax regulations relevant to our clients’ needs. We ensure that our clients benefit from the tax loopholes and credits that are due to them.
- Security – To help our clients combat identity theft, we launched a secure online portal for our current and prospective clients to share information via the internet. As the “preferred” tax preparation firm, we make it our responsibility to ensure your most sensitive personal and financial information is secured and protected.
- Convenience – We are committed to making your tax preparation as convenient and simple as possible. So if you cannot make it to the internet or the office, we can come to you in the comfort of your home, work place, or coffee shop to serve you.
- Affordability – Our cost is unmatched and unbeatable. New clients, especially, are guaranteed to receive an unmatched $25 discount from the previous year’s tax return prepared by another tax firm. Our referral compensation program also provides another opportunity to earn or save additional money.
Tax Problems / Debt Relief
Tax Preparation Services
If you want to align yourself with the right tax professional and are seeking one to prepare your tax returns, ProTax. According to Aristotle, “Quality is not an act, it is a habit.” At ProTax we make it our culture to deliver high quality services to our small business and individual tax clients by continuously being current with the tax law updates. Our tax preparation and representation service is a comprehensive, secure, and confidential firm that partners with taxpayers to help them minimize tax liabilities and maximize revenues. Prior to preparing your tax return, we perform a walkthrough analysis by asking our clients questions they might not have thought to provide us answers to so we can gain a thorough understanding of their financial situations. We review their previous year’s tax return to ensure they were not denied any credits, and we make sure they take full advantage of the eligible tax credits allowed under the tax laws.
Individual Tax Preparation
Including 1040 Income tax return
Schedule C, Schedule E, Schedule D, etc…
Business Tax Preparation
Including sole proprietors, S Corporation, C Corporation, Limited Liability/General Partnerships, and any associated State returns
Tax Problem Resolution
Whether you’re in need of a tax expert to represent you with an IRS Tax audit, tax liens, back taxes, IRS levies, non-filed tax returns, wage garnishments, payroll tax problems, or State tax issues, ProTax can help you. When you retain our firm, we make it our goal to arrive at the most efficient and cost saving solutions to permanently resolve your IRS or State Tax issues. Once you become a client, you’ll never have to worry about speaking to an IRS agent; so you can get back to your daily routine. ProTax is as simple as a phone call.
Offer in compromise
An offer in compromise is a special tax relief offered to assist taxpayers who cannot meet their full tax obligations. For more information, please contact us.
If you haven’t filed your taxes in the last year or so, no need to worry. ProTax can help you catch up by getting you current and help you pay the lowest amount of taxes allowable by law. Having missed a year without filing can sometimes be stressful and costly, especially with the eventual possibility of you owing money.
Delinquent Tax Returns
For most individual tax payers, April 15th is the annual deadline to file their income tax returns. Filing a late return or Failure to file a return and pay any tax due by the due date may result into a late penalty on unpaid tax liabilities. This penalty is usually 5% for each month or part of the month that the return is late.
However, if you face any of the circumstances above, no need to worry. We can work with the IRS for you by negotiating payment strategies that can be beneficial for you. We will act in an efficient manner to prevent a levy from your bank account before the government makes any attempt to freeze your assets.
Tax Settlement / Installment Agreement
If you owe money to the IRS and can’t afford to pay, you might be a prime candidate for one of our debt negotiation solutions or an installment agreement program that works for you. As seasoned Tax professionals, we negotiate on your behalf to obtain the best possible payment terms based on your financial situation.
Facing a tax lien against the IRS is no doubt a serious matter and can be an extremely scary situation to deal with. A federal tax lien is normally created when a tax return is filed and is not paid. As your tax payment becomes delinquent, the IRS can legally enforce a lien action against all of your assets to cover payments, penalties and interests. The lien’s purpose is to protect the government’s right of priority against other third parties. The Internal Revenue Code 6321 provides the IRS legal authority to collect payment from the sale of your assets, and it comes with many possible personal and legal implications, one of which is the adverse impact on your credit record.
If you have unpaid tax liens and you worry about the adverse consequences, contact us immediately.
A levy is one of the most aggressive tax collection actions taken by the Internal Revenue Service. It is the legal seizure of funds from a taxpayer’s bank account(s) or accounts receivable and/or physical property by the IRS. Funds seizure can also include wage garnishments, where the IRS seizes a portion of the taxpayers’ wages. Usually, the IRS will send a final time sensitive notice via certified mail or in person before they take such action. This is an extremely important notice and should not be ignored, since it can create immediate economic hardship.
At ProTax, no tax problem is too small or too large for us to handle. We can definitely help to prevent economic hardship and can assist in securing the release of a levy when we handle your tax case. As highly qualified tax professionals who have settled various cases with the IRS, all you need to do is call us to take advantage of our free consultation.
ITIN Certified Acceptance Agent
ProTax Consulting Services LLC has entered into an agreement with the Internal Revenue Service to assist individual citizens and non-resident aliens in obtaining an Individual Taxpayer Identification Number (ITIN) from the IRS. For more information, please click on this link.
Year- end tax planning is one of the most important elements in preparing for one’s financial forecast. It is a technique that helps taxpayers manage their taxes by forecasting income and expenses to minimize any potential tax liabilities. People who ignore this concept are often surprised when they discover the amount of taxes they owe to the IRS. In fact, the more money one earns, the more taxes will be deducted from income. Alternately, the less money one makes, the less tax will be deducted from income. It’s no surprise that everyone aims at paying fewer taxes especially when they earn more. However, not everyone takes advantage of the various tax options that are available to them. To that end, it is to the taxpayer’s benefit to work with a tax expert to uncover the many tax breaks that are available and apply them to their advantage.
At Protax, our goal is to focus on ways to help reduce your taxes while maximizing your refunds. We will help reduce your tax liabilities by ensuring that you take full advantage of the various tax loopholes and credits within the tax law. Based on your financial situation, we’ll work with you to determine which strategy best fits your needs. Among some of the strategies are:
- Control Your AGI
- Estimate Your Tax Bracket
- Income Deferral
- Income Acceleration
- Taking Advantage of Various Tax Credits
These methods, when used, can guarantee the best possible outcome for taxpayers seeking to reduce their taxable income.
Control Your AGI
One of the greatest concepts that helps control your taxes is your Adjusted Gross Income (AGI). It is the number that determines your tax brackets—the amount of taxes you pay and whether or not you are eligible to claim certain tax credits. The AGI is often used as the basis for tax planning, as it represents all sources of income minus any adjustments to income. It is used as a threshold figure, and the basis for figuring tax rates and income tax liabilities prior to the application of any eligible deductions or credits. Many financial institutions use this number to measure a person’s financial eligibility for mortgages, loans, financial aid etc. The higher the income, the higher is the AGI, and consequently, the higher is the tax liability. Proper tax planning requires a strong focus to help decrease AGI, which will ultimately lower your taxes.
Estimate Next Year’s Tax Bracket
Another method that is essential in tax planning is the estimation of the tax bracket before the year changes. Knowing your tax bracket ahead of time helps you better prepare how to manage with a higher or lower taxable income. A higher taxable income could stem from a larger bonus, overtime, or an additional job. Although for most of us, being in a higher tax bracket often is not a bad circumstance to be in, but it also means a higher taxable income. Without a well-defined strategy, one could end up paying more money in taxes than necessary.
Income Deferral and Income Acceleration
If your income fluctuates, we can help you shift it from one year to another in order to have it fall where it will be taxed at the lower rate. We can also help shift your deductions from one year to another where the tax benefit will be greater.
We can also work with your tax liability by deferring it through certain investment choices and through pension plan contributions.
As a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or restructuring your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.
Business Entity selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
We offer a one-time free notary services to all our clients
As a Certified Application Counselor Organization, we help individuals and families apply and enroll in the market exchanges. This is a free service we provide to the community. For more information, please click on this link.