Tax and Bookkeeping Services in Thornton, CO

A CPA is licensed by a state board and may focus on audits, financial statements, accounting or tax. "Tax specialist" isn't a license at all; it just describes someone who concentrates on tax compliance, planning or resolution. An Enrolled Agent is different again: licensed federally by the U.S. Treasury specifically for tax, with unlimited rights to represent taxpayers before the IRS. Our founder is an Enrolled Agent, not a CPA, which is the credential that matters most when the IRS is the problem.

Yes, from anywhere in the country, Colorado included. Once you sign IRS Form 2848 (Power of Attorney and Declaration of Representative), we can call and write to the IRS for you, answer notices, handle audits, file appeals and submit paperwork for payment plans or other relief. The form spells out which taxes and years we're authorized on, so the scope is always clear.

Don't let it drag on. The IRS can file a substitute return for you, and it won't include the deductions, credits or business expenses you'd claim yourself. Pull together W-2s, 1099s, old returns, receipts and any IRS letters. If your books for those years are a mess, we can help reconstruct the numbers first. Then we file the returns as part of the overall plan, since they set the balance everything else is based on.

Possibly. First Time Abate relief is available if your prior three years were clean, and reasonable cause relief applies if you can document a real reason, like a serious illness or a records disaster. It depends on the facts, and it doesn't touch the tax itself or most of the interest. A good request names the exact penalties, makes the case and attaches proof.

It's an agreement to pay your IRS balance in monthly amounts instead of all at once. The IRS looks at what's owed, whether your filings are current, and, for larger balances, a financial statement showing what you can afford. Interest and some penalties keep running until it's paid off, so we aim for a monthly figure you can hold for the life of the plan.

The same day you find out. A garnishment or levy means the IRS has moved past letters into collecting, and the response windows are short. Keep every notice, don't throw anything away, and collect recent pay stubs, bank statements, monthly bills and your latest return. We'll contact the IRS, figure out why it happened and work toward a release or another arrangement.

Yes, and it's urgent. Missed payroll deposits and unpaid Form 941 balances can lead to the Trust Fund Recovery Penalty, which the IRS can charge personally to owners or anyone else responsible for paying the taxes. We review which quarters are filed, what's been deposited, the business's cash position and who might be on the hook. Then we get filings current and work out a resolution before enforcement steps up.

Some, yes, though we're honest that we're not a high volume monthly bookkeeping shop. Our bookkeeping work tends to be catching up books so late returns can be prepared, setting up QuickBooks Online properly, and maintaining DCAA ready records for government contractors. For established companies we also serve as fractional CFO, overseeing whoever does the day to day entries. If you need something different, we'll say so on the first call.