Barbara J Miller CPA


TAX SERVICES



Tax law is a complicated affair that changes with each season. Through rigorous professional training and routine participation in industry tax seminars, we master not only current tax law, complex tax code, and new tax regulations, we are capable of prior year filings too. This discipline enables us to offer a full range of tax planning, preparation, and support services.



TAX PREPARATION



Are you anxious about filing your tax returns? Even a simple return may require multiple forms. The instructions often evoke more questions than answers. While a computer software program may help, there is no substitute for the quality of service and advice you will receive from an experienced tax professional. Here are a few of the benefits you will receive when using our service:

• We will prepare all appropriate forms and record all figures and calculations accurately.

• We will make sure that you receive the deductions and credits to which you are entitled.

• We will file your return electronically to speed delivery of refunds. • We will work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less.

• We will show you how to adjust your finances to take advantage of tax benefits on future returns


Are you a sole proprietor? Have you been so focused on your business that you have not paid close attention to your books? No worries! We will tidy things up and prepare your Schedule C as part of your personal income tax return. Then we will help you set up an easy system to keep your books current going forward.




TAX PLANNING



Proactive planning is the key to minimizing your tax liability. We work with businesses and individuals to pay the least amount of tax required by law. A few of the strategies that we consider include:

• Splitting income among several family members or legal entities to take advantage of lower income tax brackets

• Shifting income or expenses from one year to another when it can yield a lower tax rate

• Deferring or eliminating tax liability through use of tax-advantaged investment vehicles

• Tracking all expenses eligible for itemized deduction

• Taking advantage of tax credits

Your unique circumstances will determine the strategies that we can employ to maximize the money you keep in your pocket.



IRS AUDIT REPRESENTATION



If you have been selected for an IRS audit, professional representation can set your mind at ease. We will take the lead in dealing with the tax authorities based on our familiarity with their procedures and our proficient knowledge of the tax code. We complete our work the correct way in the first place to avoid unwarranted surprise at the end of the process.



TAX PROBLEMS



Even if you have not been targeted for an IRS Audit, you may be aware of problems that will catch up with you eventually. Common examples include:

• Missed tax filings for one or more years

• Insufficient funds to pay the tax liability when due

• Failure to remit payroll taxes


We will work with you to review your prior tax years and make sure that prior year tax returns were filed accurately. If you do not know what is included in your tax record, we will help you get copies from the tax authorities without raising any “red flags.” We will assess your tax liability and the associated interest and penalties. Then, we will work with you on an approach to negotiation. For example:

• You may be able to settle your tax debt for less than the full amount owed if the tax authority deems your offer to be the reasonable. This process is referred to as an Offer In Compromise.

• We could work with the tax authority on a payment plan to resolve your debt. This approach protects you from asset seizure to settle your obligations. It may be possible to secure relief on penalties and/or compound interest.

• The IRS provides Innocent Spouse Relief when for an aggrieved party when his or her spouse or former spouse failed to report income, reported income improperly, or claimed improper deductions or credit.

• If your circumstances do not lend themselves to a negotiated settlement, then it may be necessary to seek protection through a Bankruptcy filing.


It is far better to face your problems than to wait for them to land on your doorstep. We are here to help in any way we can.



QUICKBOOKS ANSWERS



We have many clients that use QuickBooks. When folks find QuickBooks baffling, it is generally not because they have not mastered the mechanics of using the system. It is because they are facing an unusual transaction that does not quite fit the patterns with which they are familiar. Fortunately, we are just a phone call, fax, or email away. To our clients, we will provide a detailed answer to your problem or question, usually within 24 hours.



Barbara J Miller CPA, PC



132 Stage Rd. Monroe, NY 10950


Call us: 845-783-4566


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