A tax advisory service provides expert guidance on tax-related matters to businesses and individuals. Tax advisors can help with a wide range of issues, including tax planning, compliance, and audits.
Tax advisory services can be provided by accounting firms, law firms, or specialized tax consulting firms. You can browse this site to choose the best tax advisory firm to avail the services provided by them.
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There are a number of different types of tax advisory services, each of which can be beneficial for different types of taxpayers. Here are some examples:
1. Tax Planning: This type of service can help you to minimize your tax liability by identifying strategies to reduce your taxable income or take advantage of tax breaks and deductions.
2. Tax Compliance: This type of service can help you to ensure that you are complying with all relevant tax laws and regulations. This can help to avoid penalties and interest charges from the IRS.
3. Tax Appeals: This type of service can help you to challenge an IRS determination that you believe is incorrect. An experienced tax advisor can help you to navigate the appeals process and present your case in the most favorable light possible.
4. Tax Debt Resolution: This type of service can help you to negotiate with the IRS to reach an agreement on payment terms for back taxes that you owe. An experienced tax advisor can help you to understand your options and reach a resolution that is in your best interests.
Many businesses use the services of a tax advisor to ensure they are complying with all relevant tax laws and regulations. Individuals may also use the services of a tax advisor to help with personal tax planning or to resolve tax issues.