Tax Services
Tax Preparation
At Fitzpatrick & Tucker we prepare tax returns for individuals, partnerships, corporations, non-profit organizations, trusts, and estates. Today’s tax regulations are so complicated that unless your financial matters are very basic, you will most likely save tax dollars using the assistance of an experienced tax professional. Simple over the counter tax software will get your return filed, but how much more did you potentially pay in taxes than was legally necessary? Were there any deductions or credits that were missed? The use of tax software is no substitute for the expertise provided by our team of tax professionals. All of our tax professionals take more than the required continuing education courses to ensure that we are always up to date on the latest tax laws.
Tax Planning
In addition to the preparation of tax returns, we emphasize tax planning to minimize current and future tax burdens. We believe that effective tax planning deserves more attention than a once per year tax preparation session. We communicate with our clients as needed throughout the year to make sure that the tax-related decisions that are made are based on the most current information available.
Whatever your needs, we will help you meet the tax compliance regulations affecting you and/or your business. We are well qualified to assist in comprehensive tax planning opportunities that arise throughout the year, such as choice of business entity, sales and acquisitions, retirement plans and various business deductions and credits.
Tax Representation
Although we take every precaution to make sure that our clients do not have anything that may cause a return to be selected for audit, there are audits that are selected randomly. Our professionals have extensive experience in dealing with federal and state tax authorities. We not only represent clients for tax returns that we prepared, but also tax returns prepared by others. The most audited tax returns are those that are self-prepared with the help of over the counter tax software.
Sometimes people receive correspondence from tax authorities that are not audit-related but are related to non-filing, non-paying, or other issues that they do not know how to handle. The most common cause of these problems is a tragedy that has happened in someone’s life. The last thing they want to do at a time like that is to think about taxes. Before they know it, they owe so much tax that they don't know what to do. In situations like this, we have been able to move some pretty big mountains to get the situation under control and make sure the client gets back on track.