Millions of people face IRS problems every year, and most of them are easy to resolve. Still, these simple issues can turn into financial disasters. The IRS can be relentless in their collection efforts, and they show little or no mercy to people who are unable to pay what they owe. Some of these problems may not even be the taxpayer’s fault. Sometimes it’s the IRS that made the mistake, and they’re placing the burden on the taxpayer. These sorts of issues can be a nightmare to resolve, as businesses and individuals are forced to sift through all the bureaucracy.
The IRS isn’t always concerned about the taxpayers’ rights when they’re faced with these situations, and many times they fail to discuss all available options. But one thing is clear. It’s NEVER a good idea to ignore the problem, because that can result in serious financial consequences.
When you’re caught in the whirlwind of financial turmoil, you may not know where to turn. Trying to sift through all the rules and regulations can seem like a daunting task. Lanier and Company can help you get the answers you need and can assist you in resolving the matter quickly and efficiently.
For some taxpayers, it may seem that the “simplest solution” when receiving an IRS notice is just to pay the proposed balance due, but that isn’t always the best option. Many times, the notices are generated in error, or just require further clarification of an item on your return. Let our team help guide you through the process of analyzing and evaluating the information contained in the notice. We can assist with a simplified solution and swift resolution to the situation.
Tax scams are on the rise. Taxpayers should be alert to scams that target unsuspecting individuals. Each year there is an increase in schemes related to identity theft and refund fraud. If you get a suspicious phone call from someone claiming to be with the IRS asking for money or receive an unsolicited email that appears to be from the IRS or an organization closely linked to the IRS, we can help. Don’t be fooled into thinking into making a payment without substantiating the validity of the request.
No two states and localities have quite the same rules when it comes to taxes. In the complex landscape of state and local taxation, you need a dedicated partner to help you navigate through diverse regulations. Lanier and Company is that resource. We put our years of experience and in-depth knowledge to work for you, minimizing your tax liability no matter where your business takes you. Given the vast differences in each state’s treatment of income, available credits, and allowable deductions, we understand the financial impact of choosing where to operate your business. We will work with you to find creative solutions that make the most sense for your business and its bottom line.
Looking at the complete picture of your situation and your specific business objectives and goals, we create Federal and state tax strategies tailored to you. Whether you’re dealing with income taxes, sales taxes, property taxes, employment taxes, business incentives or tax credits, we design solutions for total compliance and good standing with the regulatory agencies.
Given the vast differences in each state’s treatment of income, available credits, and allowable deductions, we understand the financial impact of choosing where to operate your business and source your income can have on your company’s overall profitability. We will work with you to find creative solutions that make the most sense for your business and its bottom line.