Annette Fernandez

  • Unraveling Tax Resolution Services

    Tax resolution services provide assistance to those grappling with tax issues. These services encompass a range of solutions designed to help resolve tax problems, from negotiating payment plans with the Internal Revenue Service (IRS) to representing clients in tax audits. The Core Elements of Tax Resolution Services Assessment of Tax Problems The first step in tax resolution involves assessing the client's tax problems. This includes reviewing tax returns, understanding the client's financial situation, and identifying the underlying issues causing the tax problem.
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  • Tax Planning Services: Quarterly Estimated Payment Strategies

    Whether you're a self-employed professional, a business owner, or an individual with significant investment income, managing your tax obligations can be challenging. For many, this includes making quarterly estimated tax payments to avoid penalties. Leveraging tax planning services can help you strategize and navigate through this process effectively. Understanding Quarterly Estimated Payments Quarterly estimated payments are a method used by the IRS to collect taxes on income that isn't subject to withholding, including earnings from self-employment, interest, dividends, rent, and gains from the sale of assets.
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  • The Basics Of IRS Auditing Assistance

    Are you worried about being audited by the IRS? It's a common fear, but don't let it consume you. Instead, focus on finding a local IRS auditing assistance service to help you navigate the process. Here are some helpful tips to get you started. What an IRS Audit Entails You may have heard the term "audit" thrown around, but what does it mean? An IRS audit is an examination of your tax return by a revenue agent or auditor.
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  • The 5 Benefits Of Hiring A Professional For Small Business Tax Preparation

    Tax season can be a stressful time for any small business owner. It is important to ensure that all of your taxes are filed in a timely and accurate manner, or you could face heavy fines and penalties. As such, it pays to make sure that your tax preparation is done correctly. Hiring a professional for small business tax preparation has numerous benefits, allowing you to focus on running your business rather than stress over filing taxes.
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  • Should You Give Tax Preparation A Professional Approach? See Why It's Critical

    As a committed business owner, you have loads of tasks and responsibilities to handle to get your business on the right path. Of course, everyone wants their business to follow a positive graph, perhaps even during tough economic times. However, this doesn't happen just by focusing on the market, staff, clients, partners, and quality products. You also need to prioritize tax preparation for this to happen. Unfortunately, most business people don't prepare their taxes in good time, which limits business growth.
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  • Increase Your Buying Power and Wealth With a Rental Property 1031 Tax Delayed Exchange

    If you are currently a rental property owner and are looking for a way to upgrade your investments without spending a bunch of cash out of pocket, a rental property 1031 tax delayed exchange may be just the opportunity that you are looking for. This is because a 1031 tax delayed exchange has the ability to help you increase your buying power, your wealth, and your monthly income without the need to spend additional money out of your own pocket.
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  • Benefits That Come From Using Outsourced Accounting Services For Your Company

    There are a lot of businesses that tend to all of their accounting needs in-house. This means that either the owner or operator of the company is handling all of the accounting tasks, or there is an accountant on the books. Instead of handling your business finances this way, you may want to consider outsourcing for accounting services. To help you better see why that is such a good idea, continue reading.
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  • Seeking Professional Assistance For Compliance With Property Tax Regulations

    Many people still consider real estate property the best investment option. The law requires real estate property owners to pay property taxes on their property. As such, buyers should determine the property tax rates in a given jurisdiction before purchasing real estate property. Procedures involving the transfer of property are complex and confusing, necessitating real estate experts. Property tax services employ experts who are competent in real estate matters and can streamline the procedures for their clients.
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  • 5 Indicators You Need a Consultant for Succession Planning

    Do you need to do succession planning for your small, closely-held business? Many owners struggle to master all the elements involved in planning what will happen to their business when they can't or no longer want to run it. One person that can help your small business is an outside consultant. Should you hire a business consultant to aid with succession planning? Here are a few indicators it's a good idea.
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  • Is This Business Expense Deductible? 3 Tests To Find Out

    The ability to deduct business expenses is one of the biggest means of reducing your business's tax bill. But not everything you or your company pays for is deductible. Each expense must pass a few key tests before they are legitimate tax deductions. What are some of these tests? Here are three of the most common and most important.  1. The Expense Must Not Be Disallowed First, some categories of business expenditures are explicitly stated as not being allowed by the IRS rules.
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