Individual Tax
Of the two certainties in life, taxes are something you can do something about. With limited exception, everyone must prepare and file an annual tax return. Johnson Accounting spends the time necessary to learn enough about our clients’ needs and their financial affairs to properly prepare tax returns and provide longer term tax planning to minimize tax liability. We are always available to answer your questions when they arise, eliminating the guesswork and worry that can accompany tax planning.
Tax Planning
Johnson Accounting takes a proactive approach using a personal and thorough interview process to obtain the information necessary for maximum accuracy with minimum tax liability. We first examine your prior tax returns to become acquainted with your financial history and determine whether amending any of them could provide a tax refund. Once prepared you will have an opportunity to review your return and ask any questions you may have before it has been filed.
Federal & State Income Tax
Johnson Accounting takes a proactive approach using a personal and thorough interview process to obtain the information necessary for maximum accuracy with minimum tax liability. We first examine your prior tax returns to become acquainted with your financial history and determine whether amending any of them could provide a tax refund. Once prepared you will have an opportunity to review your return and ask any questions you may have before it has been filed.
Audits & Appeals
Receiving a notice of audit examination can be stressful, frightening and confusing. Representing yourself in the proceedings puts you at a distinct disadvantage because government auditors are trained investigators and interrogators. Johnson Accounting is here to protect your rights while utilizing all avenues of negotiation to avoid increased tax liability. We communicate with the agency on your behalf and appear for you in any related hearings.
If the audit results in an assessment of additional tax you have the right to protest with the appeals division whose officers are motivated to reach a cost-effective settlement. In the case a resolution still cannot be achieved we will represent you in the U.S. Tax Court.
Collections Relief
Tax debt, which includes penalties and accumulates interest, can quickly increase to become unmanageable. Johnson Accounting can assist you in relieving your tax debt by:
- Reducing the amount owed by amending prior returns or filing original forms to replace substitutes for returns filed with no deductions on your behalf by the IRS or state
- Negotiating with taxing authorities for monthly installment agreements that will cease collection activities.
- Negotiating a limited repayment plan consistent with your available income.
- Making an offer-in-compromise to the IRS for a lump sum payment substantially less than the amount of the assessment.
- Where appropriate, discharging taxes in bankruptcy court.
Bankruptcy
Generally, older federal and state income tax debts are dischargeable in bankruptcy. Filing a bankruptcy petition halts most of collections by taxing authorities and those of your other creditors. The bankruptcy tax laws are constantly changing. Johnson Accounting can evaluate your particular situation and determine if bankruptcy is an appropriate option for you.
Johnson Accounting, Inc serve clients across Long Beach, Los Angeles, Santa Monica, Pasadena, Torrance, Anaheim, Santa Ana, Irvine, Huntington Beach, and Orange County, California.
Have a look at Individual Tax Services and Business Tax/Accounting Services offered by Johnson Accounting, Inc