We help accountants with government income and other tax controversies, such as government income and other tax indebtedness, unfiled income tax returns, audits, and penalties.
Unfortunately, accountants are more likely to have late filed or unfiled tax returns. This is likely due to the unique aspects of the work accountants perform. Accountants often work long and irregular hours. This keeps them from attending to their own financial affairs, which includes timely filing income tax returns.
Accountants are also more likely to have outstanding tax indebtedness. This is also due to the unique aspects of the work accountants perform. It is also due to the type of abilities and training that accountants have. Accountants are intelligent and willing to fully research issues before making decisions. This may result in inaction when it comes to resolving outstanding tax indebtedness. Other accountants face the opposite problem, namely, they take a wait and see approach.
Accountants are also likely to be subject to audit by the IRS. The IRS generally views accountants as being more likely to have tax compliance problems. These tax compliance problems also stem from the unique aspects of the work accountants perform and their skills and training, but also from their tendency to prepare their own income tax returns or rely on lower-end tax preparers.
From a tax standpoint, right or wrong, accountants are defined by unfiled or late filed income tax returns, outstanding tax indebtedness, and government income and other tax audits. There are a number of court cases and administrative rulings that demonstrate this. If you are a accountant, we can help you avoid or manage these issues.
We help accountants with unfiled or late filed income tax returns, outstanding tax indebtedness, and government income and other tax audits. We would like to hear from you if you are a accountant and have one of these issues or are likely to have one of these issues in the future.
Please contact us to discuss your options today.