Business & Financial Solutions is a Montgomery County, MD accounting, tax preparation and management firm, which specializes in tax and accounting solutions. Our tax preparers and accountants are up-to-date on IRS and state tax codes, laws and regulations. BFS tax specialists are enrolled agents with the Internal Revenue Service, and current with continuing education course, as required by the IRS. We are proactive in preventing levies and liens. In cases where levies and liens have already occurred, we may be instrumental in getting them released.

Tax Returns.

BFS tax preparation services are beneficial to businesses and individuals. Services include individual and corporate income tax returns, returns for partnerships and estates, any tax return for a business entity or individual. BFS provides tax preparations for all states and local entities.

As business tax preparers and specialists, our services are designed to assist clients in maximizing tax benefits, while taking advantage tax credits. The goal is reduced taxes through asset management and smart spending. In our bookkeeping practices, financial management and reporting, it is our responsibility to help foresee problems with income taxes, before they become income tax problems.

Business & Financial Solutions' tax clients spread across Montgomery County Maryland, the Washington DC Metropolitan Area and 22 states. We go beyond the those services offered by typical CPA and Tax Firms. Our measure of success is the satisfied client.

Our tax preparers are IRS enrolled agents. Preparers maintain an ongoing professional relationship with the Internal Revenue Service. We are convenient, in working with Internal Revenue Service agents. BFS tax preparers, consultants and experts are experienced in resolving multiple tax issues as well as other accounting problems.

Offer In Compromise.

BFS tax services are designed to get results. Those clients with back tax problems are simply looking for solutions. Those solutions may be through an "Offer In Compromise" (OIC), or a "Tax Abatement". These are terms commonly used by the IRS and state taxing authorities to compromise, or settle a debt with the government, related to tax liabilities. Settlement for such debts and liabilities must meet certain standards for the government. They must also show where the settlement will be advantageous and equitable for the government. Our job is to build a case for the client showing how the compromise (OIC) would not only be of benefit to our client, but of benefit to the government as well. In other words we have to show a win/win scenario in resolutions to back taxes. The Offer In Compromise (OIC) could literally save the client thousands of dollars or more. While Tax Abatements do not provide nearly the relief, Tax Abatements do provide substantial savings as well.

Business & Financial Solutions offers multiple means by which clients can reach a tax settlement. Such tax resolutions may reduce the amounts of taxes substantially. When the Offer In Compromise (OIC) is not a practical solution, there are also abatement of taxes that can reduce the amounts of tax liabilities. Other means are also available in resolving tax liabilities, such as tax amnesty against the tax penalties. Where there are tax problems or audits, Business and Financial Solutions may be able to help.

BFS enrolled agents will represent its clients in cases with the IRS, including audit representation for businesses and individuals. If we represent a client during the audit, the client is not required to attend in many cases. In fact, negotiations to resolve tax debts do not usually require client attendance.

Contact us if you have back taxes, liens or levies. It is important to notify us at the first notice of an "Intent to Levy". Time begins ticking immediately. These notices are very time sensitive and the taxpayer has a certain number of days to respond. The response date is not based on the date the letter was received, but the date the letter was issued. Negotiations should begin immediately to effect a resolution.

We are located in Montgomery County MD, and will represent you in your tax audit or problems with back taxes. Our Rockville office number is (240) 403-0845, or you may email us at: info@bfswebsite.com.

A lien or levy does not have to be the end-all to your livelihood. Call and speak with one of our preparers for help.

Visit us in Rockville, Maryland