Business Tax Planning

Business & Financial Solutions is a Rockville, Maryland firm dedicated to providing comprehensive tax planning and preparation services to individuals and companies, doing business throughout the United States. Our Montgomery County firm is able to meet the diverse legal tax needs of local and national clients because we have an experienced team which prides itself on professional diligence. We take the necessary time to evaluate your specific needs and unique circumstances to assure the highest professional performance and efficiency possible. Our company commitment and experience sets us a cut above our competition in tax preparation services.

In your search for the right tax advisor, it's important to carefully explore your options. Choosing the right tax advisor will set a business on a clear course to profitability and save you problems and challenges down the line. Hiring a professional tax accountant or tax planner is no different than hiring an employee. Outline specifically what you want them to do. If you are expecting your candidate to accept regular bookkeeping responsibilities, the firm you hire should be adept in financial reporting, to some degree. If you are considering an advisor to help you make your financial planning decisions, then the firm should meet those qualifications as well. Or, if you are looking for a firm to prepare your year-end federal taxes and financials, then the firm you hire should meet the criteria.

Business & Financial Solutions provides a boutique of accounting and tax services, including specialty taxes. Our company has regular communications with its clients so as to avoid things falling through the cracks. We believe that, besides doing an excellent job for the client, communication is the most important factor in our job.

Unfiled Income Tax Returns

Business & Financial Solutions is a specialty tax accounting firm. We are committed to resolve in each client's tax situation. It is never too late to file your tax returns even if you have not filed for several years. Generally, if you meet filing requirements, you need to file a tax return for this year and the past six years (but the IRS may request a tax return older than six years). It is important that you file your taxes before the IRS finds you (assuming you meet filing requirements). If you do not file you could end up facing criminal charges and fines.

Business & Financial Solutions, based in Rockville, Maryland, helps with the preparation and problems resulting from Unfiled Income Tax Returns and works as Tax Advisors and Tax Planning in Montgomery & Prince Georges County, Dallas, TX, Washington DC Northern Virginia, Atlanta, GA and throughout the U.S.

According to IRS tax rules and regulations, they have a time limit on when they can come after you and collect back taxes. This time limit is known as the statute of limitations. The statute of limitations for recovering back (unpaid) taxes is 10 years. And, this 10-year period starts from the date your original tax bill was due. For instance, if your original tax bill was from your 2006 Form 1040, the IRS has until 2016 to collect the back taxes. However, if you never filed a tax return, the IRS can come after whenever they please. In other words, there is no statute of limitations for IRS actions if you do not file a tax return. The 10-year statute of limitations is extended if you have taken any of the following actions to pay your back taxes: Filed for bankruptcy; Entered into an Offer in Compromise agreement; Entered into an installment agreement; Signed an extension tax form Rating. Our tax preparers in Rockville can help sort through these complicated tax issues.

Serving local areas in Frederick Maryland, Prince Georges (MD), Washington DC, Northern Virginia, Montgomery (MD), Montgomery AL, Fairfax County (VA), Prince William (VA), Loudoun County, Virginia, Howard County Maryland, Washington County (MD), Anne Arundel (MD), Arlington Virginia, Stafford County (VA) | Rockville, MD | Fairfax, VA