With a keen eye for complete and well-documented tax research, access to legal and other tax experts, we provide our clients with aggressive representation and the most current information available. We do this by constantly seeking out updates from nationally recognized tax services, AICPA publications, unlimited research access to publications and online databases, such as RIA™, PPC™ and CCH™ and other resources for which CFO Tech prides itself.
Services
- Tax Preparation
- Tax Research
- IRS and (various state) DOR Audit Representation
- Tax Planning
- Estate Planning
- Payroll Tax Support
- Sales Tax (Transaction Privilege Tax) Audits and Issues
- Pension and Retirement Planning
- Tax Strategies
- Tax Collections Intervention and Support
- Offers-in-Compromise*
A special note about Offers-in-Compromise: We have all seen ads on television touting “pennies on the dollar settlements for your IRS debts…” Well, the OIC process is hardly easy — or inexpensive. In fact, it can be terribly complex, involving thousands of dollars in professional, legal and accounting fees and can take a year or more to complete. In order to arrive at such a settlement, a client must:
- Be in full and total compliance with the filing of all income, payroll, excise and other tax returns.
- Be current with all tax installments (i.e. estimated payments and payroll tax deposits) for the current year.
- Demonstrate an inability to finance their tax debt through equity in their homes or other substantial assets.
- Demonstrate an inability to substantially pay down their tax debt through adequate income relative to reasonable living expenses (based on IRS guidelines).
- Be able to document all the numbers presented on the specially designed financial statements created by the Internal Revenue Service (or Departments of Revenue) for the purpose.
CFO Tech has expertise and experience in preparing and supporting Offers-in-Compromise on behalf of their clients and has achieved substantive results in the past. However, the IRS is under no obligation to accept an offer, and many times, only through persistent inquiry and follow-up have desired results been achieved.