Tax Accountants Serving Miami, FL

Fees in South Florida swing widely. A W-2 return with a few deductions is a small job. Add a business, rental units, investment accounts, foreign accounts or an open IRS notice and the work multiplies. For the record, our founder is an IRS Enrolled Agent rather than a CPA, and for IRS matters the EA license carries the same unlimited representation rights. Resolution work is quoted on its own, after we see the notices and transcripts.

There's no Florida personal income tax, so your bill on $150,000 is all federal: income tax, plus Social Security and Medicare through payroll or self employment tax. The actual number depends on filing status, retirement contributions you make before tax, dependents, deductions, credits and other income. Two people earning the same salary can owe quite different amounts, so the only reliable answer comes from working through the return itself.

Yes. The founder holds the Enrolled Agent license from the U.S. Treasury, which carries unlimited practice rights before the IRS. Once you sign Form 2848, we can speak to the IRS for you about audits, collections, appeals and payment plans, and you can stop answering calls from revenue officers yourself.

Act now rather than waiting for the IRS to do it for you. If you don't file, the IRS can prepare a substitute return using only the income it knows about, with none of your deductions, and then start collection on that inflated figure. Pull together W-2s, 1099s, bank records and business expenses, and we'll prepare the missing years in a way that sets up the resolution of any balance.

Penalties, often yes. First Time Abate relief is available if your prior three years were clean, and reasonable cause relief applies when something like illness, a hurricane or a death in the family got in the way. Interest is harder: it's set by law and generally stays, though the interest charged on a penalty goes away when the penalty does.

It's a monthly payment plan for a balance you can't pay in one go. For smaller balances the IRS often approves a plan with limited paperwork; larger balances need full financial disclosure. You must be current on filing, and penalties and interest continue until the balance is paid, so a payment you can actually keep up is better than an ambitious one that defaults.

Yes. After a series of notices, ending with a final notice of intent to levy, the IRS can take funds from your bank account or a portion of your wages. That final notice gives you 30 days to request a Collection Due Process hearing, so don't let it sit. We can usually get collection paused while we propose a payment plan, Currently Not Collectible status or another workable arrangement.

Bring every IRS letter, your last few returns, records for any unfiled years, W-2s and 1099s, recent bank statements, business financials if you're self employed, a list of monthly expenses and a summary of assets and debts. An audit needs different backup than a levy case, so we'll send a specific list once we know what's going on.