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All About Personal Tax Cleanups


Personal tax cleanups can be a complex and daunting task for many individuals, especially those who have fallen behind on their tax filings or received a notice from the IRS or state tax authority. AMA CBS Bookkeeping offers comprehensive personal tax cleanup services to help individuals get back on track with their tax filings and resolve any outstanding tax liabilities.


Identifying the Problem

The first step in the personal tax cleanup process is identifying the problem. AMA CBS Bookkeeping will review the individual's tax records and identify any outstanding tax liabilities, including unpaid taxes, interest, and penalties. They will also determine if any tax returns have been missed or if there are any errors or omissions in previously filed returns.


Developing a Plan

Once the problem has been identified, AMA CBS Bookkeeping will develop a plan to bring the individual's tax filings up to date and resolve any outstanding tax liabilities. The plan may include the preparation and filing of missing tax returns, negotiating a payment plan with the IRS or state tax authority, or filing for an offer in compromise.


Preparing and Filing Tax Returns

If any tax returns have been missed or if there are any errors or omissions in previously filed returns, AMA CBS Bookkeeping will prepare and file the necessary tax returns. They will ensure that all tax forms are accurately completed and submitted on time, minimizing the risk of penalties and interest charges.


Negotiating with Tax Authorities

AMA CBS Bookkeeping can also negotiate with tax authorities on behalf of the individual to resolve any outstanding tax liabilities. They can work with the IRS or state tax authority to negotiate a payment plan that is manageable for the individual or file for an offer in compromise, which allows the individual to settle their tax debt for less than the full amount owed.


Addressing Tax Liabilities

AMA CBS Bookkeeping can also address any outstanding tax liabilities that have been identified. They can help individuals understand their options for resolving tax debt, including payment plans, installment agreements, or offers in compromise. They will work with the individual to determine the best course of action for their unique situation and ensure that all necessary steps are taken to resolve their tax liabilities.


Maximizing Tax Savings

In addition to resolving any outstanding tax liabilities, AMA CBS Bookkeeping can also help individuals maximize their tax savings. They can review their financial information to identify any opportunities to reduce their taxable income, take advantage of tax credits and deductions, and structure their finances in a tax-efficient manner.


Staying Compliant with Tax Laws and Regulations

Finally, AMA CBS Bookkeeping can help individuals stay compliant with tax laws and regulations moving forward. They can provide guidance on tax planning strategies to help individuals minimize their tax liability and maximize their after-tax income. They can also assist with the preparation and filing of various tax forms, including federal and state income tax returns, property tax returns, and gift and estate tax returns.


Personal tax cleanups can be a complex and overwhelming task, but AMA CBS Bookkeeping can help individuals get back on track with their tax filings and resolve any outstanding tax liabilities. They offer a comprehensive range of services, including identifying the problem, developing a plan, preparing and filing tax returns, negotiating with tax authorities, addressing tax liabilities, maximizing tax savings, and staying compliant with tax laws and regulations. With their expertise and experience, AMA CBS Bookkeeping is a reliable and trusted partner for individuals seeking personal tax cleanup services.

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