About the Business
Tax preparation, tax planning, and tax resolution are all professional services that help individuals and businesses manage their taxes. Tax preparation is the process of preparing taxes by gathering paperwork, calculating taxes due or refundable, and filing returns with relevant tax authorities. Tax planning is an ongoing process of analyzing financial data to identify tax savings and ensure compliance with reporting and payment obligations. Tax resolution is a service that helps taxpayers settle tax debt with the government by developing a payment plan, establishing an Offer in Compromise, or other means.
Tax preparation services involve gathering the required documents needed to complete a taxpayer’s tax return and ensuring accuracy when calculating appropriate deductions, credits, and the overall amount due or refundable. Common documents include W-2s, 1099s, pay stubs, bank statements, and investment statements. Professional tax preparers can also provide advice on how to maximize tax savings.
Tax planning involves more strategic planning and an ongoing consultation between the taxpayer and their professional advisor. It includes evaluating various options for filing, such as married filing jointly or separately, claiming dependents, and utilizing credits or deductions. Tax planners also consult on topics like estate planning and retirement planning, which can have major implications on taxes.
Tax resolution assists taxpayers with resolving different types of tax debt with the government, such as overdue balances, underpayment penalties, and unfiled returns. A qualified tax professional can help taxpayers negotiate with the Internal Revenue Service (IRS) to reduce the total amount of debt owed or to establish a payment plan. This can free taxpayers from the financial burden associated with owing back taxes and help them move forward in their personal and business finances.
Reviews (0)
Click to RatePublisher Info
- With over 10 years of experience in the tax industry, I have personally consulted over 7,500 clients through tax matters. Spies Tax Connections is owned by a Federally Licensed IRS Enrolled Agent, authorized by the IRS and state to deal with taxation.
- (720) 988-0688
- 16655 E 102nd Ave, Commerce City, CO
- Visit Website
Opening Time
-
Mon
8:00 AM - 6:00 PM
-
Tue
8:00 AM - 6:00 PM
-
Wed
8:00 AM - 6:00 PM
-
Thu
8:00 AM - 6:00 PM
-
Fri
8:00 AM - 6:00 PM
-
Sat
9:00 AM - 3:00 PM
-
Sun
Closed