Did You Know? Tax resolution services and traditional tax preparation services address different purposes and cater to different needs when it comes to handling taxes.
Here are the key differences and advantages of tax resolution services:
They Serve Different Purposes
Tax Preparation Services: These services focus on preparing and filing tax returns accurately and on time. Tax preparers help individuals and businesses maximize deductions and credits to minimize tax liability.
Tax Resolution Services: These services address existing tax issues, such as unpaid taxes, tax debt, IRS audits, levies, liens, or other disputes with the tax authorities. The goal is to negotiate resolutions and help clients resolve their tax problems.
The Scope of Services Vary
Traditional Tax Preparation: Typically includes gathering financial information, preparing tax returns, and submitting them to the government.
Tax Resolution Services: May involve a broader range of activities, including representation before the IRS or state tax agencies, negotiating payment plans, settling tax debts for less than owed (Offers in Compromise), and providing guidance on compliance.
Client Needs Aren't Always the Same
Tax Preparation: Serves a wide range of clients, from individuals to businesses, primarily during tax season.
Tax Resolution: Usually focuses on clients who are facing specific tax-related issues, often under stress due to tax debt or disputes with the IRS.
Don't be embarrassed. For every tax problem, there is a solution.
Constant W. Watson III, CPA, CTRS, is both a Certified Public Accountant and a Certified Tax Resolution Specialist. He is just one of a few, in the State of Illinois who is certified by The American Society of Tax Problem Solvers. The expert team at Watson ON Taxes has more more than three decades of experience and proven results. For a Free Consultation, call (708) 206-9900 or visit www.watsonontaxes.com.
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