Tax strategy that makes good business sense

Tax-related matters can be confusing and stressful, but with our team of CPAs working with you as partners at every step, tax problems will be a thing of the past.

We’ll work closely with you to make the confusing simpler, and the unclear clearer. Armed with the latest information in our rapidly changing world, we’ll develop a tax-saving strategy that makes sense for your situation.

At Schanel & Associates, our tax services include:

Tax Preparation:   We can prepare and file any of the following tax returns:

  • Individual income tax – Form 1040
  • Corporate tax returns- Forms 1120 and 1120S
  • Partnerships – Form 1065
  • Trusts, Estates – Forms 1041 and 706
  • Gift taxes – Form 709
  • All states in the US
  • Non-resident returns

Tax Planning: Smart tax strategy means we work with you all year — not just at tax time when it’s too late — to find ways to successfully and legally reduce your tax liability. Our big-picture view means we look at your entire financial situation fo develop tax-saving approaches that make sense for long-term wealth-building.

Our tax planning also includes estate planning to help you minimize inheritance taxes. Changes in estate tax law may mean your estate planning documents need an update to ensure that your desired legacy is fulfilled. We’ll evaluate those documents and work with your attorney to make sure everything is in place.

Tax Audits and IRS Representation: The IRS is not on your side, but we are. Our decades of experience with IRS resolution and our hard work will get you the best possible outcome.

Ignoring an IRS letter and the deadline for responding won’t make your tax problems go away. It usually makes it worse. That’s why we recommend that you bring letters from the IRS or any tax authority to us as soon as possible.

Fighting the IRS without professional representation is rarely a good idea. Their job is to extract as much money from you as they possibly can.

But when you let us handle the entire process for you, you’ll have an advocate on your side. We know what the IRS can and can’t do in an audit. You won’t have to speak with the agent unless absolutely necessary. We’ll protect your interests and your privacy by making sure the auditor only receives the information they’re legally entitled to.

Back Taxes Owed: If you owe the IRS money, don’t ignore the problem. Penalties and interest can double the amount you owe.  And when they impose liens, levies and garnishments, your life really takes a turn for the worse.

We can assist you in negotiating a resolution to your tax problems. Whether the answer to is an affordable payment plan or an Offer in Compromise to settle the amount owed, we can coordinate the entire process for you.

Schanel & Associates is your tax team for whatever you need, whenever you need it. Whether you need help with Federal income tax or state income tax, we’ll be your best advocate. Call our office today to see how we can help!