Columbia SC Tax Preparation Service - Professional tax preparers offer their most recognizable service by filling out income tax forms for clients. This process typically includes gathering financial documents, reviewing an individual's situation and calculating whether they owe or will receive a refund; all while complying with federal and state law. Most tax preparers have credentials (CPAs and EAs) or are Tax Attorneys. Others work at local tax preparation shops preparing taxes seasonally without credentials.
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Professional tax services go beyond simply filing tax returns; they also include providing advice about minimizing future tax liabilities for clients. Tax planning is often done by CPA/accounting companies or Enrolled Agents who have extensive experience in dealing with both individual and corporate taxes.
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Tax resolution companies provide services to people in debt to the IRS or state who require assistance reducing this amount. They hire tax professionals with extensive tax knowledge to negotiate for you with the IRS. They also provide advice on any tax-related issues, and handle appeals and litigation proceedings on behalf of their clients.
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These companies specialize in helping people resolve tax issues that they are unable to resolve on their own. This could mean negotiating a settlement or filing an offer in compromission, or setting up a payment plan to pay back what is owed. It could even include dealing with tax liens and wage garnishments.
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A tax resolution company with experience can help determine if penalty waiver is applicable. This means that interest and late fees accrued due to reasonable circumstances are forgiven. This Columbia SC can be determined by reviewing documents and conducting a detailed financial interview.