Tax Compliance Services

Our tax compliance service generally refers to the “preparation of original and amended tax returns, claims for refund, and tax payment planning services.”

As tax jurisdictions continue to search for revenue sources, the compliance process has become increasingly more difficult and time-consuming.

The combination of changing tax laws and enhanced penalties for failure to meet the new laws has forced individuals and companies to place greater resources and emphasis on tax professionals.

To help clients with the many new and/or expanded tax laws, Client Tax Services provides fully comprehensive tax compliance services.

Our experience in tax compliance includes many years of preparing returns for both individuals and businesses, simple or complex, large and small.

Our expertise includes assisting clients in a wide range of industries and professional service areas, such as retail, small business startups, real estate ventures, telecommunications, banking, manufacturing, etc.

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Our Compliance Approach

As part of our compliance process for “closed fact” tax planning issues, we use the following three-step process:

Legislative Law

We review legislative law. This includes a review of tax statutes passed by Congress, and, if necessary, its legislative history.

This may include committee and conference reports, predecessor statutes, statements made in floor debates, earlier versions of the bill and the fact of their change, comments bill sponsors make upon introduction of the bill, etc.

We carefully select the extent and depth of legislative law research based on your facts and the tax issue under review.

Administrative Law

We review administrative law and the IRS position on tax law to fully understand the IRS position on your tax issue. The IRS has provided in the past years many different types and forms of guidance.

Examples of the different types and forms of guidance we may review include treas. reg., rev. rulings, rev. procedures, notices and announcements, private letter rulings, technical advice memorandums, general counsel memoranda, chief counsel advice, determination letters, etc.

Judicial Law

We then carefully examine judicial law, for when a taxpayer has challenged the IRS. We review the usefulness of tax holdings from other tax cases by applying, if possible, the holding to your facts. This is known as analogical legal reasoning.

We review Tax Court, District Court, Court of Federal Claims, and Supreme Court rulings to determine the applicable rules and doctrines under judicial tax law.

Types of Tax Returns Prepared

Individuals

We prepare all the required individual tax returns and additional forms required for our clients. This includes form 1040, schedules A, B, C, D, E, etc. and the many any additional forms required.

As part of the compliance process, we review prior-year tax returns to better understand the tax issues relevant to our clients.

Corporations

We prepare all the required corporate tax returns, including any additional statements that need to be added to the tax return.

As part of the compliance process, we review prior-year tax returns to better understand the tax issues relevant to our clients.

Many of these tax returns deal with complex foreign and U.S. tax issues, including GILTI, BEAT, repatriation rules, subpart F inclusions, PFIC, PE, rules, etc.

Limited Liability Companies

We prepare all the required LLC tax returns, including any additional statements that need to be added to the tax return.

As part of the compliance process, we review prior-year tax returns to better understand the tax issues relevant to our clients.

Partnerships

We prepare all the required partnership tax returns, including any additional statements that need to be added to the tax return.

As part of the compliance process, we review prior-year tax returns to better understand the tax issues relevant to our clients.

State Tax Returns

We prepare all the required state tax returns, including any additional statements that need to be added to the tax return.

As part of the compliance process, we review prior-year tax returns to better understand the tax issues relevant to our clients.

In addition, we prepare tax returns needed for foreign individuals and companies that are required to file a U.S. tax return, including U.S. informational controlled foreign corporation tax returns.

Many of these tax returns deal with complex apportionment and sales and use tax issues.

Tax Preparation Software and Tools

We use state-of-the-art tax preparation software and tools, including electronic work papers using multiple income tax compliance platforms depending on your needs. We work closely with each and every client to ensure accuracy and the timely filing of all tax returns.

Let us help lift your tax compliance burden with the tax experience needed to lower your compliance costs and, through our expertise, lower your tax return liability.