Tax Planning Services

Effective tax planning is necessary throughout the year and is a fundamental component in overall financial security. In addition to preparing your personal income tax return, YD Tax Services LLC provides strategic solutions that reduce tax burdens and develop tax management plans using the most current incentives available.

Building wealth requires a detailed analysis of your financial records to determine the tax implications of your investments and holdings. By structuring the most appropriate combination of assets within your portfolio, debt is reduced and income tax returns are optimized.

YD Tax Services LLC tax planning services include several methods of financial structuring that minimize liability. Tax loss selling, Income splitting, pension plan contributions, and determining tax exempt investment income, are some of the strategies offered by YD Tax Services LLC tax specialists that can reduce taxes owed.

The birth of a child, a marriage or divorce and other life changing events affect tax planning strategies. Qualified YD Tax Services LLC professionals financially manage all of these to your advantage. Clients are guided in their tax related decisions with regard to real estate transactions, cashing out stock options and additional transactions that become significant at tax time.

For an in-depth review of the many benefits to be gained through strategic tax management contact our office.

Non-Filed Tax Returns

Failing to file income tax returns is a criminal offense.

Not only can YD Tax Services restore peace of mind, our qualified tax specialists possess the knowledge and experience necessary to rectify pending tax files for individuals or business owners. By voluntarily submitting your non-filed returns through our offices, equitable settlements can be more readily negotiated and tax penalties and interest payments can be substantially reduced.

Non-filed tax returns incur hefty penalties for individuals and business owners

The first step to rectifying a tax file involves the professional preparation of all non-filed returns, a knowledgeable assessment of all payments and penalties owed, and the implementation of YD Tax Services strategies to relieve or reduce tax liability.

Delaying the handling of your non-filed taxes will result in the IRS filing on your behalf with little or no consideration for deductions to which you are rightfully entitled. Managing your own non-filed returns is not recommended in cases of tax delinquency. The successful resolution of tax arrears requires professional guidance and representation. When weighed against the potential loss of time, income, or more serious financial loss, enlisting the skillful leadership of YD Tax Services provides actual savings in the long run.

Free consultation for non-filed tax returns

Whether you have already been contacted by the IRS or state tax department for back taxes owed, or if you are seeking IRS representation for an audit, enlisting the specialized services of YD Tax Services tax professionals ensures competent representation and an accurate rectification of your tax file.

Contact our office for a discreet and free consultation to learn more.

IRS Audits

When conducting an audit, the IRS typically operates with the knowledge that the average taxpayer is unaware of their rights and vulnerable to intimidation and pressure. Assistance and support provided by YD Tax Services for:· Business or personal tax audits

· Tax interest payments

· Tax Liens

No matter how feasible it may seem, handling your tax liability issues without professional representation is not recommended. The sheer volume of detailed financial records that must be carefully substantiated, combined with a typically high level of bureaucracy associated with an IRS audit review, can result in additional losses if handled without the assistance of a tax expert.

YD Tax Services responses to IRS audit reviews

YD Tax Services is experienced in planning and preparing an Offer of Compromise and other effective strategies in response to an IRS audit review which include:

  • Reduction of tax liability decisions
  • Request for Innocent Spouse relief

 

Comprehensive Solutions

We also offer full scope payroll, bookkeeping, accounts receivable management for all industries. Further, we specialize in unpaid back taxes and payroll tax problems.