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Other Services

Tax Resolution

Facing tax issues or disputes with the IRS can be daunting and stressful. We offer comprehensive tax resolution and IRS representation services to help individuals and businesses navigate complex tax matters and achieve favorable outcomes. Our experienced team of tax professionals is dedicated to providing personalized solutions to address your tax concerns effectively. We offer IRS tax resolution and representation services to individuals and businesses in all 50 states. Additionally, we offer State tax resolution and representation in every state except Oregon.

Explore our tax resolution and IRS representation services below:

Tax Problem Assessment: Our first step is to conduct a thorough assessment of your tax situation. Whether you're facing tax debt, audits, penalties, or other tax-related issues, we'll review your financial records, correspondence with the IRS, and any other relevant information to gain a clear understanding of your circumstances.

Strategic Resolution Plan: Once we have assessed your tax issues, we'll develop a strategic tax plan tailored to your specific needs and goals. Whether you need assistance with tax debt relief, penalty abatement, or negotiating a settlement with the IRS, we'll develop a customized plan to address your tax concerns effectively.

IRS Communication and Representation: Dealing with the IRS can be intimidating, but you don't have to face it alone. Our experienced tax professionals will communicate and negotiate with the IRS on your behalf, ensuring that your rights are protected and your interests are represented effectively. Whether you're facing an audit, collection action, or other tax dispute, we'll advocate for you every step of the way.

Tax Debt Resolution Options:

  • Penalty Abatement: Seek relief from IRS penalties due to reasonable cause or other qualifying reasons, helping to reduce or eliminate your penalties.

  • Currently Not Collectible (CNC): If you’re facing financial hardship, we can request that the IRS temporarily suspend collections by declaring your account currently uncollectible.

  • Offer in Compromise (OIC): We can negotiate a settlement with the IRS to settle your tax debt for less than what you owe, based on your financial situation.

  • Installment Agreement (IA): If you can't pay your full tax debt at once, we can arrange a manageable installment payment plan with the IRS.

  • Partial Payment Installment Agreement (PPIA): If you can’t afford the full payment, we may be able to arrange a partial payment plan with the IRS, reducing the total amount due.

  • Streamlined Installment Agreement (SIA): For smaller tax debts, we can secure an easy, fast payment arrangement with the IRS without needing extensive documentation.

  • SFR Tax Reconsideration: If you’ve received an incorrect Substitute for Return (SFR) from the IRS, we can request a reconsideration to ensure accurate filing and proper tax liability.

  • Unfiled Tax Returns: If you have missing or unfiled returns, we can help you get back on track by preparing and filing the necessary returns with the IRS.

Audit Representation: An IRS audit can be a stressful experience, but with our expert audit representation, you can rest assured that your rights will be protected. We’ll guide you through the entire audit process, from initial contact to resolution, ensuring you receive a fair outcome.

We are committed to providing reliable, professional assistance to individuals and businesses facing tax challenges. Don’t let tax issues overwhelm you—contact us today to learn how we can help resolve your tax concerns and give you peace of mind.


Financial Services

Tax Planning

At Contemporary Tax Specialists, our proactive tax planning services are built to help you minimize tax liability and maximize financial outcomes—legally, efficiently, and with your goals in mind. We don’t just prepare tax returns—we partner with you year-round to identify opportunities, implement strategies, and plan ahead.

Tax planning isn’t just for the wealthy. It’s for business owners, real estate investors, and high-income individuals who want to keep more of what they earn and make smarter financial decisions. We tailor every plan to your unique situation, whether that means optimizing cash flow, choosing the right entity structure, maximizing deductions, leveraging real estate tax advantages, or preparing for retirement.

Our strategic, forward-thinking approach goes beyond compliance. Explore our tailored tax planning services for individuals and small businesses, and let us help you create a proactive strategy that maximizes savings and ensures financial success year-round.


Tax Preparation Services

Business Tax Return Preparation

At Contemporary Tax Specialists (CTS), we understand that managing business taxes can be complex and time-consuming. That’s why we provide comprehensive, customized tax preparation services designed to meet the specific needs of your business—whether you’re a startup, a growing company, or a well-established corporation.

Our experienced team goes beyond simple data entry. We ensure your business remains compliant with federal and state tax laws while identifying every opportunity to maximize deductions and reduce your overall tax liability. With CTS, you gain a trusted partner focused on accuracy, efficiency, and helping your business thrive through strategic tax support

Individual Tax Return Preparation

At Contemporary Tax Specialists (CTS), we understand that navigating the complexities of taxes can feel overwhelming. That’s why we offer personalized individual tax preparation services designed to meet the unique needs of each client. Whether you're a salaried employee, self-employed professional, a small business owner, retiree, or investor, our experienced team is here to simplify the tax landscape for you.

We take the time to ensure compliance with all tax laws while identifying opportunities to maximize your tax savings. For small business owners, we also provide specialized guidance on tax deductions, business expenses, and optimizing your tax strategy for growth. With CTS, you’ll have a trusted partner who’s focused on securing the best possible outcome for your financial future.

Explore our individual and small business tax preparation services, and let us help you navigate tax season with confidence.


Accounting Services

Bookkeeping

Are you struggling to keep your financial records in order? Let our expert team at Contemporary Tax Specialists (CTS) take the stress out of bookkeeping with our comprehensive monthly bookkeeping, clean-up, and catch-up services.

Our bookkeeping service is designed to meticulously review and organize your financial records, ensuring accuracy and compliance with tax regulations. Whether your books are in order, disorganized, outdated, or riddled with errors, we have the expertise to bring clarity and order to your financial data. Once your books are in order, we will generate accurate fianncial statements and operational reports tailored to your business. These reports can support smart internal decision-making or be used externally. For example, when applying for loans and presenting to stakeholders.

With our Catch-Up service, we'll efficiently bring your books up to date, no matter how far behind you may be. We understand that life gets busy, and keeping up with bookkeeping tasks can sometimes fall by the wayside. That's where we come in. Our skilled professionals will work diligently to reconcile accounts, categorize transactions, and ensure that all financial information is current and accurate. 

Benefits of our Bookkeeping Services:

  1. Accuracy: We'll meticulously review your financial records to identify and correct any discrepancies or errors, ensuring that your books accurately reflect your financial position.

  2. Compliance: Our team is well-versed in tax regulations and will ensure that your records comply with all relevant laws and requirements, reducing the risk of costly penalties or audits.

  3. Time Savings: Outsourcing your bookkeeping cleanup and catch-up tasks to us frees up your valuable time to focus on running your business and serving your clients.

  4. Peace of Mind: With our experienced professionals handling your bookkeeping needs, you can have confidence knowing that your financial records are in capable hands.

  5. Financial Clarity: By having clean and up-to-date financial records, you'll gain valuable insights into your business's financial health, enabling you to make informed decisions and plan for the future.

At CTS, we understand the importance of accurate and organized financial records. Let us help you streamline your bookkeeping processes and alleviate the burden of keeping up with your financial data. Contact us today to learn more about how we can support your business's financial success.

 

 


Send Us a Message

We would love to hear from you!

702-857-7825 Fax: 702-850-5048 info@contemporarytaxspecialists.com

Get clarity on your tax and accounting situation