Whether you're feeling overwhelmed or are seeking a fast refund, Taxes PhD is here for you. Everyone required to file a tax return is entitled to high quality, low cost professional tax services. We are an authorized IRS efile provider.
At Taxes PhD, Eileen Jacobs has over 30 years of income tax experience. In addition to preparing personal and business tax returns, she has has helped many people overcome IRS problems.
We are open year-round to serve your needs. We also prepare all state income tax returns.
At Taxes PhD, Eileen Jacobs provides a wide range of financial services. For a reasonable cost, your business will be equipped with the proper tools to make good sound financial decisions and pay as little tax as possible.
Eileen has over 30 years of accounting experience and has extensive knowledge regarding corporations and LLCs.
Accounting Services Include:
If your needs include setting up an accounting system in which periodic support is needed, then call for a free consultation. I will be happy to meet with you and figure out a plan that will cost-effectively fit your needs.
Make sure you don't pay one more cent in taxes than you have to! A mistake that many people make is either not filiing a return at all or filing late when they don't have enough money to cover their tax liability by the due date.
Generally, it's better to file on time or file an extension even if you cannot cover your balance due. This is because the IRS adds extra penalties for not filing.
If you haven't filed a prior year tax return, it's better to file as soon as possible rather than wait. While you'll still owe your outstanding tax liability, you can reduce the amount of penalites that will accrue. Our office is open year-round to take care of your income tax needs.
If you need to file your corporate and personal tax return, Taxes PhD can handle the task. Eileen is an Enrolled Agent with over 30 years of income tax experience which include corporate returns.
Thinking about forming a corporation or LLC? It's wise to talk with a tax advisor first. Indeed, liability protection is one of the most important reasons for changing your entity type. That being said, the potential income tax benefits often get overlooked.
Voluntarily filing your prior year tax returns will benefit you far more than ignoring the IRS. I have found that in many situations, IRS problems regarding back taxes are not nearly as bad as clients thought. The absolute worst thing you can do is avoid the IRS if you have not filed but were required to do so.
With filing back taxes, the sooner you file, the better. This is because you will have fewer penalties and interest accruing if you file and get on a payment plan. Depending on your situation, you may be eligible for an Offer in Compromise in which the IRS may accept an amount that is less than what you owe.
If a refund was owed to you, then you have 3 years to claim your refund. For instance, if your 2007 tax return was due on April 15, 2008, you have until April 15, 2011 to file and get a refund.
The IRS will complete a "Substitute for Return" which is often to your disadvantage. For instance, if you were an independent contractor and/or owned a home, the IRS's Substitute for Return will show all the income reported to them, but many (if not all) of your deductions will be missing. By not claiming the deductions against your income, you will owe the IRS more. This does not even include the fact that the penalties and interest charged will be much higher because they are based on a higher amount.
If a Substitute for Return has been filed and tax has been assessed, the IRS can collect by placing a levy on your wages or bank accounts. They can also place a tax lien on your property.
It may still be in your best interest to file a return. You may actually owe far less than you think. Being on a payment plan will result in lower penalties and interest over time. As stated earlier, you may be eligible for an Offer in Compromise. Realize that you cannot receive a car loan or mortgage with unfiled tax returns if there is a balance owed to the IRS.
Your situation may not be as bad as you think. Please call for a free consultation.
An Offer In Compromise is an agreement between a taxpayer and the Internal Revenue Service (IRS) that resolves the taxpayer's tax liability. The IRS has the authority to settle, or compromise, federal tax liabilities by accepting less than full payment under certain circumstances.
Using an Enrolled Agent is the best option in dealing with IRS problems because Enrolled Agents focus on income taxes (CPAs and attorneys have a much broader focus than Enrolled Agents).
Don't fall for false, misleading claims. Many nationwide companies charge large upfront fees ($3,000 to $4,000) and claim to reduce your debts by 90%. However, this is true only in the rarest circumstances. These extreme testimonials are only used in online, TV, and print advertisements similar to those in infomercials.
At Taxes PhD, we not only have no large upfront fees, we are a local business and will meet with you in person to solve your IRS problems. Most nation-wide companies have each representative serving far too many clients. This results in customers having difficulty contacting their representative and the representative has little time to spend on any single case. The end result is a big profit for that company and little gain for the customer. At Taxes PhD, we guarantee we will be thorough and act in your best interest.
If you are required to file an income tax return for another state, you need not worry. Taxes PhD is able to prepare income taxes for all states and localities. This is true of whether you conduct business in another state or if you're a part-year resident of another state.
If you recently moved to Nevada, you may be required to file a tax return if your previous state requires it.
Determining the best entity for your business is a complex but important decision that you will make. Simply put, Corporations and LLC's both offer liability protection. On the other hand, the income taxes required for each can be far different depending on your business's situation.
At Taxes PhD, Eileen Jacobs is an enrolled agent with over 30 years experience saving customers money on income tax and setting up the proper business entity. There are alternatives, such as attorneys or online forms. However, Eileen will save you far more in taxes than the amount of money spent with an attorney and time spent doing the process by yourself.
A FREE consultation is offered for any new or existing business to discuss your best combination of liability protection and tax savings. At Taxes PhD, we have NO LARGE UPFRONT FEES. At Taxes PhD, we guarantee we will be thorough and act in your best interest.
Enrolled Agents are specialized practitioners in the field of income tax. At Taxes PhD, Eileen Jacobs is an Enrolled Agent with over 30 years of income tax experience
An enrolled agent is a person who has earned the privilege of practicing, that is, representing taxpayers, before the IRS. Enrolled agents, like attorneys and certified public accountants (CPAs), are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can practice before.
Enrolled Agents advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Enrolled Agents' expertise in the continually changing field of taxation enables them to effectively represent taxpayers audited by the IRS.
Using an Enrolled Agent is the best option in dealing with IRS problems because Enrolled Agents focus on income taxes (CPAs and attorneys have a much broader focus than Enrolled Agents).
| Phone: | (702) 434-3278 | Address: | 4928 E Tropicana Ave Las Vegas, NV 89120 
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| Fax: | (702) 434-3066 |
| Mailing Address: | PO Box 97956 Las Vegas, NV 89193 |
Owe back taxes? Or, has the IRS garnished your wages?
Taxes PhD can help in several ways. First, if you haven't filed a prior-year tax return, the situation may not be as bad as you think. The IRS will often know only what your income was for a previous year. However, they may not know what your deductions were. Missed deductions are a common reason why many taxpayers owe substantial back taxes. Read more regarding back taxes.
Most of the time wage garnishments can be lifted. As stated earlier, many garnishments are a result of missed deductions. Because of this, you should file any taxes that have not been filed. In addition, get your prior-year returns examined. At Taxes PhD, Eileen offers a free consultation for any new income tax client.
If your prior-year tax returns were filed correctly, you can still get your wage garnishments lifted. This can be done by negotiating an installment plan with the IRS. Taxes PhD can handle this process for you.
If you are in way over you head, you may qualify for an Offer in Compromise (OIC). With an OIC, you can reduce the tax you owe considerably. Read more regarding an Offer in Compromise
