CALL NOW TO DISCUSS YOUR TAX SITUATION 513-290-143
Tax Resolution Services
RDA Tax Services provides Cincinnati tax resolution services for small business owners, the self-employed, and individuals. Our clients come to us with unfiled tax returns, collection notices, and collection actions such as liens, bank levies, and wage garnishments . Fear, uncertainty, and/or dread often describes how they feel when the reach out to us.
Not sure what can happen when IRS collection continues? Read “You Owe the IRS? – What Can They Do?”
We stand between our clients and the IRS and state tax authorities. Our clients do not have to talk to the IRS. RDA Tax Services responds to the IRS letters and talks to them on the phone, so our clients do not have to. Think about no longer ignoring the letters, dealing with long wait times and rude agents, and the fear of your accounts being levied.
We are well equipped to help our clients with following strategies and more:
Filing Back Tax Returns – Prepare and submit back tax returns, so you can request tax resolution strategies.
Collection Hold – In appropriate circumstances, we may seek time to address compliance and evaluate resolution options before enforced collection continues.
Full Pay Installment Agreements – Pay the debt over time.
Partial Pay Installment Agreements – Payments are based on what you can pay, even if you don’t full pay the debt.
Currently Not Collectible Status – The IRS may temporarily suspend collection when your financial situation shows you cannot afford a payment.
Offer In Compromise – For qualifying taxpayers, the IRS may agree to settle tax debt for less than the full amount owed.
Appeals – We don’t have to stop at the first “no,” and often we don’t have to stop at the second “no.” We evaluate each taxpayer’s circumstances to determine which Cincinnati tax resolution strategy may be appropriate.
Penalty Abatement – There are certain penalties that can be abated, which will include the interest that accrued on the penalties.
Spousal Relief – There are strategies for innocent spouses and injured spouses.
Bankruptcy – There are times when this is the best move. We help our clients think through when to go this route and when not to go this route.
CALL NOW TO DISCUSS YOUR TAX SITUATION 513-290-143
Tax Planning for Small Business Owners
Paying taxes is necessary. Paying more than you are legally required to pay is not.
RDA Tax Services helps Cincinnati-area small business owners and self-employed taxpayers proactively identify opportunities to reduce their taxes. Tax planning is different from simply preparing a tax return. Instead of waiting until the year is over to determine what you owe, we look ahead and identify strategies that may reduce your tax liability before opportunities are lost.
Our tax planning may include evaluating strategies such as:
Business Structure – Determine whether your current business structure is tax-efficient and whether alternatives such as an S corporation should be considered.
Retirement Planning – Evaluate retirement-plan opportunities that may allow you to build wealth while reducing current taxable income.
Business Deductions – Identify legitimate deductions that may be overlooked or underutilized, including home office, vehicle, equipment and other business expenses.
Health Insurance and HSA Strategies – Evaluate available tax benefits associated with health insurance and health savings accounts.
Family Employment Strategies – Determine whether legitimately employing family members in the business could provide tax and business benefits.
Estimated Taxes and Withholding – Develop a strategy for paying taxes throughout the year and reducing unpleasant surprises at tax time.
Year-Round Tax Planning – Review tax-saving opportunities before year-end, when there is still time to take action.
Want to find out whether proactive tax planning could save your business money? Call RDA Tax Services at 513-290-1437 to discuss your situation.