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TAX SERVICES

Click on a service below for more information.
Tax Preparation
Preparing your income tax return can be a task that leaves you with more questions than answers. According to a study released by the Federal Government’s General Accounting Office, most taxpayers believe they benefited from using a professional tax preparer.

Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.

Here’s what you get:

  • Your tax return will be checked and rechecked by our experienced staff to identify potential problems and maximize your benefits
  • Our staff will help you understand your payroll withholding to cover your annual taxes without overpaying
  • Help you estimate your tax liability for the following year and calculate estimated tax payments if needed
  • Your tax return can be filed electronically so you will get a refund back quicker.
Tax Planning

The retirement landscape we face today has evolved drastically in the past few decades. Generations before us had guaranteed sources of lifetime income from their employers, collected their Social Security benefits, and only needed their retirement income to last another 10 years or so. Today, we’re living longer, employers are more likely to offer 401ks and IRAs than pensions, and our Social Security benefits likely aren’t enough to support what could be a 30-year retirement. That’s why you need a comprehensive financial plan that helps to get you to and through retirement—maximizing your nest egg potential while minimizing your tax burden. Madrona Financial Services can explain the risks you face, the options available to you regarding retirement investments and income, and help you make the best-educated decision for your specific situation. They’ll be sure to help you understand strategies that allow you to secure your legal maximum Social Security benefit, preserve your wealth by reducing exposure to future market downturns, and create reliable income streams to last you through retirement.

Tax Examination
Letters and notices from the IRS state taxing agencies can be daunting and working with a revenue agent can be intimidating. We can help you to understand what they are looking for and the best way to resolve the matter with the least stress and expense.
Tax Dispute Resolution
We work for you, not for the taxing agencies. We strive to be your advocate and reduce your tax liability through careful planning and legitimate tax strategies.

Are you having problems with the IRS? We’re here to help you resolve your tax problems and put an end to the misery that they cause. We pride ourselves on being very efficient and affordable. Government debt will not go away on its own. Penalties and interest will continue to accrue every day.

If you owe taxes, it’s important to deal with it right away. The taxing authorities will not go away and the levy process can be devastating.

IRS Problem Resolution Services (retainers required):

IRS Audit Representation – Rarely do our clients have to speak directly with the IRS. We can handle the audit for you.

Non-Filed Tax Returns – If you do not file, you can be prosecuted and punished with potential jail.

Back Taxes Owed – It’s amazing how fast tax penalties and interest add up. We offer several options when it comes to resolving unpaid taxes.

Payroll Tax Issues – The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes is your employees’ withholdings.

Liens – Liens filed against you by the taxing authorities show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home.

Levies – We are often able to get levies released and help you get out of a terrible situation.

Wage Garnishment – The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments.

Seizures – A Seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets: your home, cars, boats, jewelry, motorcycles, insurance policies, even your retirement funds.

Offer In Compromise – Did you know that you may be able to settle your debt with the government for a fraction of the liability with an Offer in Compromise program?

Payment Plan – If you don’t qualify for the Offer In Compromise program, a Payment Plan may be the way to resolve your problem.

DON’T PROCRASTINATE.

Tax Day comes fast!

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