Business & Financial Solutions is a Montgomery County, MD accounting and management firm, The company specializes in tax and accounting solutions. Our tax preparers and accountants are up-to-date on IRS and state tax codes, laws and regulations. We adhere to GAAP procedures. BFS tax specialists are enrolled agents with the Internal Revenue Service. We are current with continuing education courses, as required by the IRS for tax preparation. BFS is pro-active in preventing levies and liens. In cases where levies and liens have already occurred, we may be able to help get a release of levy, or a lien release.

Tax Returns

BFS prepares tax returns for businesses, as well as for personal needs. This includes income taxes, payroll taxes, sales and use, and personal property, estate corporate, partnership and a broad range of other tax returns. Business & Financial Solutions prepares virtually all tax return for a businesses, estates, partnerships and individuals. We can help in the preparation tax returns for any state.

As strategists, business consultants, accountants, bookkeepers and tax specialists, our services are designed to assist clients in maximizing profits, while taking advantage of tax credits and tax benefits. The results are reduced taxes, through asset management and smart spending. Our methods decrease chances of audits. 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 a wide variety of industries in Montgomery County Maryland, the Washington DC Metropolitan Area and 22 states. They include non-profit organizations, entrepreneurs, venture capitalists, financial institutions, contractors, professional services firms, real estate owners, artists, entertainers, restaurateurs and developers . We hold the necessary skills to maximize industry specific profits across over 300 industries. BFS goes beyond those services of the average CPA or Tax Firm.

Business & Financial Solutions is located conveniently in the Washington, DC Metro Area. However, our services are not restricted to Washington, DC. We prepare tax returns for clients in 22 states and the District of Columbia. Clients are individuals, companies, estates non-profit organizations and corporations. Our sophisticated back-end technology, and state of the art software, and systems, allow us to communicate with our clients beyond conventional manners which restrict most CPA firms. The company location, in Rockville MD, is convenient to the offices of several Internal Revenue Service Offices in Washington DC, Wheaton MD, and Baltimore MD. Our IRS enrolled agents 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 advisors 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 is a tax problem, 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.

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..

Visit us in Rockville, Maryland