Tax Preparation & Tax Problem Resolution

Service Areas

We don't just prepare taxes; we help our clients manage their tax liability and reach their financial goals. Whether we are solving tax problems, running mid-year tax liability analysis, or helping our clients budget for their dream home, our focus will always be providing unparalleled customer service.

Crumpled up Tax Return, 1040

Tax Preparation and Planning for Individuals and Trusts

Taxes can be complicated, and self-preparation can be very dangerous especially if you do not understand the tax code and have a complex return to file. With tax laws continually changing, it is more important than ever to have an experienced accountant to prepare and file your taxes. We work hard to help our clients minimize their tax liability while maintaining a high level of accuracy on their return.

Additionally, we believe that it is important to offer our clients year-round tax planning so they can gain control of their tax burden. Our doors stay open even when tax season is over so we can accommodate our clients needs at all times. We can process estimates for our clients, free of charge, and will coach them through potential adjustments they can make to yield the results they desire.

In the rare event where a client is questioned or audited by a taxing authority, we stand behind the returns we prepare and seek resolution on our client's behalf.

Expense Receipts for a Tax Return

Tax Preparation for Small Businesses, Partnerships and Corporations

Whether you are a sole proprietor, a partner in a partnership, or own a corporation, running a business can be very difficult if you have to stress about taxes. Your business has to address taxes in a unique manner. You must be aware of the credits available to you for your industry and the deductions your business can take so that, at the end of the day, you are lowering your tax liability.

At Flam Financial, it is our goal to help our business clients do what they do best: run their businesses. And our work doesn't stop after the 1065's or 1120's are filed. We provide year-round tax planning to take the stress off of our business clients' shoulders. We can also assit with filing payroll and sales tax returns.

As with the individual returns we file, we stand behind all of the tax returns we file for our business clients. If ever our clients are questioned or audited, we will represent them and work to resolve their issues.

Globe, International Taxpayers

International Taxpayer Assistance

Assisting resident and non-resident aliens with their tax planning and preparation has been a focal point of Flam Financial for many years. We have worked with clients from all over the world to meet their US tax filing and asset disclosure obligations. A wide variety of events can trigger potential pitfalls for Non-Residents, Resident Aliens and Expats, including visa status conversions, receipt of foreign source income while living in the United States, receipt of foreign source income while living abroad, and transferring of financial assets from the United States to a foreign country.

We are well versed on the various issues that occur when reporting foreign and domestic income, possessing foreign financial assets and real property, and the complexities that may arise when bringing dependents into the United States. With the increased emphasis placed on foreign financial asset reporting over the past decade, it is more important than ever to understand how FBAR and FATCA regulations may affect you.

We also recognize that there are often opportunities for US Citizens and Residents to use the tax code to their advantage. Some examples of this can include the utilization of the Foreign Earned Income Exclusion, Foreign Tax Credits, and qualifying a non-resident spouse as a resident for US tax purposes. There are many ways to take advantageous positions while being in complete compliance with US tax laws.

Broken Piggy Bank, Tax Problems

Tax Problem Resolution

It is hard to escape the advertisements these days. We're sure you have heard the pennies on the dollar claims. Or perhaps you have heard about the special IRS programs available that will magically make your tax debt disappear. The truth is, there are programs instituted by federal and state taxing authorities to help taxpayers who are struggling to pay their tax debt. Taxpayers can spread their tax payments into installments, temporarily stop collection, and even settle debt for a portion or all of their balance. But it is important to understand that each program has unique parameters for qualification and few things are guaranteed.

The problem is, many tax problem firms are in the business of taking advantage of their vulnerable clients, as opposed to helping them address their tax problems. At Flam Financial, we put our client's needs first. Prior to offering our services to potential clients, we provide a free consultation so that we can address the options available. Solutions exist for the majority of situations we encounter, and we are up front and honest about the potential risks and outcomes associated with each case. In the event that we do not believe we can successfully represent a client, we address our concerns prior to securing any monetary commitment.

Because of the nature of tax resolution, it is extremely important to utilize the services of an experienced specialist. Only Certified Public Accountants(CPAs), Enrolled Agents(EAs) and attorneys can represent you in front of the IRS (besides yourself or the person who prepared the tax return in question, in a limited capacity). Not only do we have the credentials to represent you, we spend countless hours annually in continuing education courses focused specifically on tax problem resolution.

Calculator, Bookkeeping

Business Strategies and Bookkeeping

At Flam Financial, we'll do whatever we can to help our clients manage their businesses finances. We believe the key to running a strong business is maintaining accurate books. Once their books are in order, we can help our clients maintain a constant understanding of their performance. We accomplish this by conducting financial reviews as frequently as desired, and establishing key measures of performance. Over time, we help businesses boost efficiency by eliminating waste and investing in what provides them with the greatest returns.

We can also assist clients with catching up on bookkeeping if they have waited until tax season to review their finances from the previous year. While we do no recommend this practice, we are available to provide support in this situation. Once all bank statements, credit card statements, receipts and invoices have been furnished, we can enter the information and accurately prepare a tax return.

Home, Real Estate Planning

Real Estate Planning

Purchasing a home can be stressful. First you need to find out whether or not you can afford a new home and what your price range is. Then you need to find an experienced agent. Next you need to find a mortgage loan broker who understands your financial situation and can tailor a loan to meet your specific needs. After all of that, you need to establish an aggressive tax plan to take advantage of the deductions and credits you may now have available to you.

What if it wasn't that stressful? What if you could go to one place to get all of the services and advising you need? What if you had a team of experts on your side to ensure that all of the i's were dotted and t's were crossed so you didn't have to?

At Flam Financial, we believe we can offer you everything you need to purchase or refinance a home under one roof. We are experts in the tax ramifications of purchasing a home, selling a home, refinancing a loan, and dealing with the cancellation of debt issues that arise from loan modifications, shortsales and foreclosures. We have strong allegiances with excellent real estate professionals that can help you get into the home of your dreams. And we have a mortgage loan broker who can find you a lender whose loan packages match your needs.

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