Personal Taxes Services
The staff at Clay Thomas, PC offer counsel in the field of federal and state income taxes. We recognize that the availability of tax reporting software has lured many reasonable people into non-reliance on Certified Public Accountants as tax advisors. Certainly, the mechanics of the software get the amounts on the appropriate lines on the tax forms but the utilization of software alone has a fatal flaw. The knowledge needed to appropriately file taxes for those with anything but the most basic return requires the tax preparer to know more about the taxpayer than the software can ask. We spend time getting to know our clients so that we can counsel them appropriately.
Our firm offers the following services among others:
Tax Return Preparation
Our clients rely on our staff to prepare personal and state tax returns. It is also not unusual for our firm to review tax returns calculated and prepared by employees of the Internal Revenue Service for themselves. Our staff files tax returns in every tax jurisdiction within the United States. In every instance, we seek the most appropriate method of reporting income, deductions, and tax credits so that our clients have minimal compliance issues with the Internal Revenue Service. In some instances, our staff translates foreign documentation for clients in order to ensure that foreign income and tax are reported appropriately. Our staff also periodically informs clients with timely updates regarding interpretations of IRS Notices, Treasury Bulletins, United States Tax Court rulings, and Congressional activities in the area of taxation.
Negotiating With Tax Authorities
No one looks forward to negotiating with taxing authorities. It is a difficult and intricate matter and the relationship with the taxing authorities must be handled with due care. Our staff has assisted clients with resolving issues with federal, state, local, and international taxing jurisdictions.
Federal and State Tax Planning
The filing of a client’s tax return is indeed the end of a tax year. However, it is also the beginning of a new one and every year we assist clients in preparing for that eventuality. This process often involves several individuals in the firm as we find strength in the team approach. Clients often consult with us regarding the tax implications of investment decisions and other events that may have an effect on their taxable income