With over 60 years of combined Income Tax preparation filing experience, HFS is well prepared to assist with all your tax related needs.
Amended Returns We offer a complimentary review of your prior year tax returns examining the return for possible missed deductions, credits or errors. If an amended return is required we are well suited to make any necessary adjustments.
Late Returns Sometimes life and the challenges associated with challenging times leaves filing annual tax returns on the back burner. If you find yourself in this situation, we offer “non-judgemental” support to work with you to finalize your submissions. Even if you think that you have not been found out, with the linking of the numerous electronic banking and financial organizations, it is just a matter of time until the IRS catches up with you. It is much easier to deal with the IRS in a proactive manner than trying to explain after the fact why you have not filed. Many times we find that late-filers are missing out on significant tax refunds of paid in withholding taxes and credits because they have not filed. The IRS limit on refunds of late returns is three years.
Payment Plans If you owe the IRS more than you are able to pay , we will work with you and the IRS to come up with a payment plan that is acceptable to both parties
Audits An IRS Audit notice can seem like the end of the world. The first factor that you must consider is simply, “don’t panic”. With most tax returns being filed electronically these days, the IRS is able to run millions of returns through mathematical algorithms and come up with the outliers. This is not to say that your return is wrong or that you are a tax cheat. It simply means that your return has been tagged as being outside the norm and is up for review. You may have had significant changes to your income or business or be a startup company getting off the ground. There are also returns that are designated based simply on random selection.