Tax laws and regulations are very complex. Because tax laws change constantly, they can be confusing and overwhelming for most individuals, small businesses and self employers. Our access to current information regarding tax laws and regulations equips us with relevant and reliable knowledge in processing, preparing and filing accurate tax returns.
With our years of experience and expertise as enrolled agents and accountants, we are skilled in preparing federal and state taxes. Employing Eagles Tax & Accounting Services makes filing individual and business taxes easier and more manageable. We can address the following services: Individuals, C-Corporations, S-Corporations, Partnerships, Estates,Trusts,Gifts, Non-Profit Tax and Information Returns, Payroll Processing & Bookkeeping
Benefits of Hiring Eagles Tax & Accounting Services
- Maximizes refunds and minimizes tax liabilities if applicable under the tax code
- Improves efficiency and saves time for busy clients while adding value and minimizing clients’ costs
- Removes the stress and confusion of preparing your personal and business taxes
- Informs clients about deductible personal and business expenses
- Makes filing taxes efficient while ensuring accuracy, completion and submission of all required tax forms in an error-free and stress-free process
- Maintains professional awareness and informs clients of current tax requirements and changes
- Provides professional assistance to clients in understanding confusing tax terminology and compliance requirements
Who’s Preparing Your Taxes?
With tax laws being so complex and changing constantly, it is important to choose a tax preparer who is experienced with preparing tax returns for individuals and/or businesses similar to yours; someone who can assist you with the services you need. Enrolled agents, tax attorneys, and certified public accountants have the training, skills and expertise in both federal and state taxes.
Filing & Paying Taxes Due on Time: Taxpayers should always file their tax returns on time, regardless of whether or not taxes due have been paid in full, in order to avoid failure to file penalty. The failure to file penalty increases the amount of taxes unpaid. This makes it more difficult for taxpayer to pay the taxes owed in a timely manner.
However, the status of limitation period does not exist if no return is filed. Therefore, the government can and will assess the tax or initiate a court proceeding to collect the amount of tax owed at any time. It is constructive to file returns on time when required
Failure to File & Failure to Pay: The IRS will charge interest on taxes not paid by the original due date. Taxpayers who do not file a return by the due date are liable to a 5% monthly penalty on the net tax owed. The maximum penalty for failing to file a return is 25%. If failure to file your tax return is due to fraud, the penalty rate is 15% monthly, up to 75% of the portion of understatement attributed to fraud.