When defending an IRS audit, not all tax professionals are adequately qualified to represent you. Some CPAs or accountants dabble in tax resolution and may work on a few audits a year, but don't possess the experience and expertise needed to successfully navigate your particular case. At Power Tax Relief LLC, our Bismarck, ND tax accountants specialize in all forms of tax problem resolution with an emphasis on IRS audit representation so we know how to deal with the IRS. We've helped many taxpayers get through an IRS audit with minimal financial consequences. And if you do end up owing some back taxes, we can find ways to reduce tax penalties and arrange for an affordable payment plan like an installment agreement.
Tax Services
Our friendly and responsive staff takes the pain out of filing your back tax returns and will be with you every step of the way. We'll help you track down your missing W-2 and 1099 forms, mortgage and bank interest statements, and any other financial documentation required to prepare your back taxes. Once we have all the paperwork we need, we’ll accurately prepare and file your delinquent tax returns to get you up to date with the IRS.
FBAR filings are often required for those who have financial interest or signature authority over foreign financial accounts like bank accounts, trusts, mutual funds and other types of foreign accounts. If any of these accounts exceed $10,000 at any point during the calendar year, you need to file an FBAR, even if you have reported the income on your annual tax return. This applies to U.S. residents, U.S. citizens, entities, corporations, partnerships, LLCs, trusts, and estates. A person holding an account that produces no taxable income can sometimes also be obligated to report it. How can you be sure you’re in compliance will all federal regulations related to FBAR?