Tax Compliance Services
At Client Tax Services, we understand that tax compliance can be a daunting and time-consuming process, especially with constantly evolving tax laws and regulations. That's why we offer a range of comprehensive tax compliance services to help our clients navigate these complexities with ease. Our services include preparing original and amended tax returns, claims for refund, and tax payment planning. We have a team of experienced tax professionals who stay up-to-date with the latest tax laws and penalties, and are equipped to handle tax compliance for individuals and businesses of all sizes and complexities. We also have extensive experience serving clients in various industries, including retail, real estate, telecommunications, banking, and manufacturing. Trust us to help you meet your tax compliance obligations and stay ahead of the constantly changing tax landscape.
Our Compliance Approach
In order to ensure that all tax planning issues are handled with utmost care and attention to detail, we at Client Tax Services have developed a three-step process that we follow for all "closed fact" compliance cases. This process is designed to be thorough, efficient, and effective in identifying and addressing all tax planning issues that may arise. We believe that our commitment to this process sets us apart from other tax planning services and provides our clients with the highest level of satisfaction and confidence in our work.
Legislative Law
As part of our tax compliance process, we conduct a thorough review of relevant tax laws and regulations that may impact our clients. This includes analyzing tax codes and regulations at the federal, state, and local levels to ensure compliance with all applicable tax laws. We carefully select the extent and depth of our research based on the specific tax issue at hand and our clients' unique circumstances. Our goal is to provide our clients with comprehensive and accurate tax advice that helps them make informed decisions and minimize their tax liability.
Administrative Law
To ensure a comprehensive understanding of your tax issue, we carefully review administrative law and the IRS position on tax law. Over the years, the IRS has issued a wide range of guidance in various forms and types. Our review may include treas. reg., rev. rulings, rev. procedures, notices and announcements, private letter rulings, technical advice memorandums, general counsel memoranda, chief counsel advice, determination letters, and more. By analyzing the relevant administrative law and IRS guidance, we can better advise and guide you on your tax issue.
Judicial Law
After reviewing administrative and legislative law, we further examine judicial law to ensure that we have a comprehensive understanding of the IRS position on your tax issue. Our team analyzes relevant case law, including Tax Court, District Court, Court of Federal Claims, and Supreme Court rulings, to determine the applicable rules and doctrines under judicial tax law. We also use analogical legal reasoning to identify useful tax holdings from other tax cases and apply them, if possible, to your specific situation. By considering all aspects of tax law, we can provide the most effective and efficient tax planning solutions for our clients.
Types of Tax Returns Prepared
Individuals
As part of our comprehensive tax compliance services, we assist our clients with the preparation of all required tax returns and forms. This includes individual tax returns such as Form 1040, as well as all required schedules, and any other necessary forms. We understand that each client’s tax situation is unique, so we take the time to review prior-year tax returns to gain a better understanding of their tax history and identify any relevant tax issues. This allows us to ensure that all necessary forms are filed accurately and on time, and that our clients are in full compliance with applicable tax laws and regulations.
Corporations
We provide a comprehensive tax compliance service that includes the preparation of all required corporate tax returns, as well as any additional statements necessary for the return. Our team of tax professionals has extensive experience in dealing with complex foreign and U.S. tax issues, such as GILTI, BEAT, repatriation rules, subpart F inclusions, PFIC, PE rules, and more. As part of our compliance process, we carefully review prior-year tax returns to better understand the tax issues relevant to our clients and ensure that all necessary adjustments and corrections are made.
Limited Liability Companies
As part of our tax compliance service, we prepare all the necessary LLC tax returns and add any additional statements required for your tax return. Our team of tax professionals reviews prior-year tax returns as part of the compliance process to better understand the tax issues relevant to our clients. We ensure that your LLC's tax returns are prepared accurately and on time to avoid any penalties or fines. Our expertise in tax compliance includes years of preparing returns for LLCs, from simple to complex, and we offer our services to a wide range of industries and professional service areas.
Partnerships
As part of our partnership tax compliance services, we prepare all required tax returns and additional statements necessary for our clients. This includes form 1065 and any schedules required by the IRS. We also conduct a thorough review of prior-year tax returns to ensure that we fully understand the unique tax issues relevant to our clients. Our experienced tax professionals are equipped to handle even the most complex partnership tax issues, including those related to mergers and acquisitions, partnership agreements, and foreign transactions.
State Tax Returns
As part of our comprehensive tax compliance services, we prepare all the necessary state tax returns and related forms, taking into account any additional statements that may be required. To ensure full compliance with state tax laws, we also review prior-year tax returns, carefully identifying any issues that may affect your tax situation. In addition, we assist foreign individuals and companies in meeting their U.S. tax obligations by preparing the necessary tax returns, including U.S. informational controlled foreign corporation tax returns. Our team is well-versed in the latest state and local tax regulations, including complex apportionment and sales and use tax issues, to ensure that our clients meet all of their state tax obligations accurately and efficiently.
Tax Preparation Software and Tools
Our tax preparation process is supported by advanced tax software and tools. We utilize a range of electronic work papers and income tax compliance platforms that are tailored to your specific requirements. Our team works closely with you to ensure that all tax returns are accurate and filed in a timely manner. With our expertise in tax compliance, we can help reduce your compliance costs and minimize your tax liability. Let us help you manage your tax obligations so that you can focus on growing your business.