Tax

Tax Preparations

Tax laws are continuously changing.  With new tax laws being added to an already complex tax system, preparing a relatively simple tax return can be confusing.  It is just too easy to overlook deductions and credits to which you are entitled when trying to prepare your own tax returns.  Even with current tax preparation software, if you don’t know the tax terminology or if you are unsure if you can take a certain deduction, being able to find your answers can turn into an ordeal.  There is no substitution for the assistance of an experienced tax professional.

Our team of professionals accurately and efficiently prepare returns for the various types of entities (C corporations, S corporations, partnerships, trusts, estates, and not-for-profit organizations), as well as individuals.

Technology changes at a rapid pace, with most software becoming outdated and obsolete within two years.  We utilize the most efficient tax preparation technologies to perform our services.  Our hardware and software are updated regularly to ensure the compliance of continuous law changes as well as ensure the success of our company’s processes.

Tax Preparer Representation

Most professional tax preparers, Certified Public Accounts (CPAs) or Enrolled Agents (EAs), can offer their clients representation services before taxing agencies.  The level of representation is determined by the exams they have passed.  Enrolled Agents and CPAs have unlimited rights to represent their clients before the Internal Revenue Service (IRS).  Attorneys or those individuals passing the Tax Court exam are the only ones that can represent clients before the Tax Court.

All other tax return preparers are limited to preparing and signing tax returns, claims for refunds, and preparation of any other documentation that may be submitted to the IRS.  Individuals that are not CPAs or EAs cannot represent the taxpayer before appeals officers, revenue officers, Counsel, or similar officers or employees of the IRS or the Department of Treasury.

Tax professionals are held to a higher standard than individual tax preparers.  The IRS and AICPA require these professionals to attend continuing education classes every year.  The IRS publishes Circular 230 (that can be found on the IRS website) outlining the ethical standards that all tax preparers have to adhere to and the AICPA has a Code of Professional Conduct (found on the AICPA website) which CPA’s are mandated to follow.

Our clients can be assured that these standards are observed and followed.  Giving each client the highest service and ethical standards possible is a goal of Larry Powers, CPA, PLLC.

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