Tax Preparation Service Available in Columbia SC - Professional tax preparers are best known for their ability to fill out income tax forms on behalf of clients. This process includes gathering financial documents, analyzing an individual's situation, and calculating if they will receive a tax refund or owe money. All while complying to federal and state laws. Most tax preparers have credentials (CPAs and EAs) or are Tax Attorneys. Others work at local tax preparation shops preparing taxes seasonally without credentials.
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Professional tax services go beyond simply filing tax returns; they also include providing advice about minimizing future tax liabilities for clients. This often requires in-depth knowledge of both current and past tax laws; therefore, tax planning services provided by CPA/accounting firms or Enrolled Agents with extensive experience dealing with both individual and business taxes are most often performed for this type of planning.
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Tax resolution companies offer services to people who owe money to the IRS or to their state and need help reducing it. They hire tax professionals with extensive tax knowledge to negotiate for you with the IRS. They also provide advice on any tax-related issues, and handle appeals and litigation proceedings on behalf of their clients.
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These companies typically specialize in helping individuals resolve tax issues they have been unable to resolve themselves, whether this means negotiating a settlement, filing an offer in compromise, or setting up payment plans to pay off what is owed; it could even involve dealing with tax liens or wage garnishments.
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A tax resolution company with experience can help determine if penalty waiver is applicable. This means that interest and late fees accrued due to reasonable circumstances are forgiven. This can be Amended Tax Returns determined through reviewing documents as well as conducting an in-depth financial interview.