Avanttax:-Tax Management System-:
  • Services

    Individual Tax Planning

    The professionals at Avant Tax offer a personalized tax planning approach. We consider tax planning to be one of the most important professional services we offer. It’s essential to be prepared with a strategic tax plan to ensure when an important business transaction or life event occurs that you are in the best tax position possible. In other words, an effective tax planning is important that it ensures after tax profits are maximized and personal wealth protected.

    Tax planning strategies require us to enhance mastery of the current tax law, complex tax code, and new tax regulations. We acquire this by constant research and attending frequent tax seminars.

    Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

    We recommend Tax Saving Strategies that help you...
    • grow and preserve assets by keeping Uncle Sam out of your pockets.
    • defer income so you can keep your money now and pay less taxes later.
    • reduce taxes on your income so you keep more of what you make.
    • reduce taxes on your estate so your family keeps more of what you've made.
    • reduce taxes on your gifts so you can give more.
    • reduce taxes on your investments so you can grow your wealth faster.
    • reduce taxes on your retirement distributions so you can retire in style.
    Here are just a few of the Tax Saving Strategies we use...
    • Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
    • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
    • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
    • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
    • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.
    • Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability.

    IRS Audit Representation

    When a company or individual is selected for an IRS audit, the immediate reaction is often times unpleasant. It discerns panic, fear and anxiety about the process, which includes what the IRS is looking for, and whether there will be a large assessment of penalties or fees. When dealing with the IRS and other regulatory agencies, it’s important to have an experienced and professional representative on your side who understands how to effectively represent your interests in an audit or other similar situations. Avant Tax has significant experience providing representation before the IRS and providing clients with the highest level of services possible. Whether you are facing an audit for the first time or are dealing with an ongoing issue, we can help.

    IRS Representation Services

    • 100% Penalty Abatement
    • Appeals Procedures
    • Collection Procedures
    • Corporate Income Taxes
    • Payroll Taxes
    • Forms 433-a & 433-b Preparation
    • Individual Income Taxes
    • Innocent Spouse Relief
    • Installment Payment Plans
    • IRS Liens and Levies
    • Offers in Compromise

    ITIN Preparation

    At Avant Tax Inc, we can help you correctly prepare ITIN application and certify your documents so you don't lose possession of your passport or other original identity documentation. In order to assist you on ITIN application, we issue COA (Certificate of Accuracy) after reviewing your originals and making the necessary authorized copies. Also, we return all the original documents to you immediately after filling up of the Form W-7 (Application for IRS Individual Taxpayer Identification Number).

    What is an ITIN? An ITIN (Individual Taxpayer Identification Number) is a tax processing number issued by the United States Internal Revenue Service (IRS) to any person (and their spouse and/or children) who earns money in the United States but is not U.S. Citizen and is not eligible for a Social Security Number.

    Do I need an ITIN? You need an ITIN for yourself (and for your spouse and children) if you earn money in the U.S. and are required to file a U.S. Tax Return but you are not a U.S. Citizen or you are not eligible for a U.S. Social Security Number, whether you live in the U.S. or not.

    How do I apply for an ITIN? A person who needs an ITIN, applies for it usually at the time of filing a valid U.S. Federal Income Tax Return. Any person (and their spouse and/or children) who earns money in the United States but is not U.S. Citizen and is not eligible for a Social Security Number must complete and submit Form W-7 (Application for IRS Individual Taxpayer Identification Number). This form is sent along with supporting documents to prove your identity and foreign status to the IRS when you file a valid U.S. Federal Income Tax Return (unless exceptions apply).

    What documents are required to apply for an ITIN? A Passport is the only stand-alone document that proves both identity and foreign status. If a passport is not provided, then a combination of other current documents (that show a name and photograph and contain expiration dates to support the claim of current foreign status) must be provided.

    At least one document submitted must contain a recent photograph (unless dependent is under the age of 14 or a student under the age of 18). If you do not submit a passport, then at least one document must prove Foreign Status and at least one document must prove Identity.

    Do I Need professional help applying for ITIN: You can prepare ITIN form by yourself but if you seek help of IRS approved agency you will benefit from: 1) Faster Processing time: Self prepared applications usually contain errors. To be accepted by the IRS, the application has to be perfect, containing no errors. It is not unusual for self prepared applications to be sent back multiple times for correction, each time resulting in a delay of 2 to 3 months. Avant Tax professionals process your ITIN applications faster and the ITIN applicant can get the number in 4 to 6 weeks. 2) Application under the wrong reason: The IRS is not going to interview you and determine the correct procedure to apply for. Your ITIN number and preparing the documents on your behalf, this is outside the scope of their service as it requires more time to understand your unique requirement than they are allotted to assist you. By using our service we will take the time to understand your situation and apply under the correct procedure.

    We specialize in obtaining ITIN numbers for non residents of the United States of America. We are one of the expertized group of IRS approved Certifying Acceptance Agents that specialize in international ITIN applications. To use our service you need to have a valid reason for obtaining an ITIN number and be able to prove your residency and identity.

    1031 Exchange

    Our team of experienced advisors can help find creative solutions to your real or personal property exchange problems, complex transactions such as reverse exchanges and construction exchanges; from exchanging mineral interests to exchanging vacation homes; from last minute unplanned exchanges to exchanges which require meticulous pre-planning, which guide you through the exchange process; safeguard your exchange funds; and provide expertise to help insure compliance with the complexities of the tax laws.

    We serve clients with 1031 exchange transactions for US as well as foreign real or personal properties with the help of qualified intermediary. Our service is timely, accurate, and delivered by an experienced team with years of experience.

    Tax Problems

    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 the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discrete. The IRS problems will not just go away by themselves; they just keep getting worse with penalties and interest being added each day.

    If you owe the IRS, you have a very serious problem. It may take the IRS several years to catch up to you, but they're relentless and have no mercy in collecting all the money that is owed. When the collection process starts, they'll make your life miserable and literally ruin all aspects of your life.

    Please take a look through our complete IRS problem resolution services by clicking on the links below.

      IRS Problems
    • Have you received an IRS audit notification?
    • S
    • Haven't filed your tax returns for years?
    • Do you owe Back Taxes?
    • Do you have Payroll Tax Problems?
    • Has the IRS placed tax liens on your home?
    • Is the IRS threatening to seize your bank account and take your money out of the bank?
    • Is the IRS threatening to take your paycheck, 401(k), and other retirement accounts?
    • Is the IRS threatening to seize your personal property?
    • IRS Solutions
    • Owe the IRS a lot of money? - Settle for pennies on the dollar!
    • Need more time to pay?
    • Like to get out from under your tax burden completely.
    • Like to get out of a tax debt caused by misdeeds committed by your spouse?
    • Like to see what the IRS has on you.

    Non-Filed Tax Return

    Every day, the massive computer center at the IRS is getting more sophisticated; it's just a matter of time before they catch up with you. This is not a situation to take lightly; failing to file your tax returns is a criminal offense. If you do not file, you can be prosecuted and punished with potential jail time, one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns?

    Let us give you the peace of mind you deserve by helping you get in compliance with the law. If you voluntarily file your delinquent returns you'll likely avoid further problems other than having to pay the interest and penalties

    If you wait for the IRS to file your returns for you, they are filed in the best interest of the government, usually with little or none of the deductions you are entitled to.

    Before anything can be done to extract you from this predicament, all the pending returns must be filed to stay compliant and current. In most cases, you will likely owe taxes, interest, and penalties after the returns are filed. Once we see how much is owed, we'll set a course of action to get you off the hook!

    Back Taxes Owed:
    You have filed your returns but didn't have the money to pay what was owed. You may think, "Oh well---I will catch up next year." Before you know it you find yourself several years in arrears and suddenly there is a notice from the IRS, stating that you owe three or four times the original amount. It's truly amazing how fast tax penalties and interest add up. Now you have a choice, you can write a big fat check and pay the full amount, including interest and penalties. Or you can just keep ignoring them while the penalties and interest keep piling up. Luckily, we offer several options when it comes to resolving unpaid taxes.
    Please call us to get a Free Consultation with our tax specialist.

    IRS Liens:
    Federal Tax Liens can really make your life miserable! When your taxes are not paid the IRS establishes a lien against all of your assets (especially real estate). This gives the IRS the legal right to collect taxes from the sale of your assets, which includes just about everything you own. The lien can be against you, your spouse, or your company. A lien against your company would seize your accounts receivables. At this point everything you own is just one short step away from becoming the property of the United States Government.
    Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. The banks don't want the extra work when the IRS comes in to take your money.
    With a Federal Tax lien on your record you can't get a reasonable loan to purchase a car. Think about paying 18-22% interest on a car that is already too expensive. You definitely cannot buy or sell any Real Estate. The list is endless.

    Please call us and get a Free Consultation on how to resolve your tax lien problems.

    IRS Levies:
    Levies can really do a lot of damage and even ruin your life. A levy is the IRS's way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, auto's, stocks, bonds, boats, paychecks, and even Social Security checks!
    Imagine waking up one morning and finding all your bank accounts have been cleaned out. They will take every dime. If this amount did not cover what is owed, they'll keep taking your money until you cover your tax liability. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. But they don't care! Their sole objective is to collect the taxes owed.
    As bad as that is, a worse method is a wage levy (or garnishment). That's when most of your pay check goes to the IRS, they don't leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid.
    If that doesn't accomplish what they want, they'll pull out all the stops. They'll seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance polices, retirement funds, anything of value.
    We are often able to get those levies released and help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew.
    Please get a Free Consultation with our tax specialist.

    IRS Wage Garnishment:
    You received a notice of "intent to Levy" 30 days ago and you forgot or ignored it. Now it's Payday. Expecting a check, you open the envelope and find that the IRS has taken most of your money. What's left is not enough to pay the rent, car payment, buy groceries, or pay the rest of the bills. This action will continue on every check due you, until the tax owed is paid in full.
    Now you're in big financial trouble. No matter how hard you plead with your employer they can not give you your money. Because once a wage garnishment is filed with your employer, your employer is required by law to collect a large percentage of each of your paychecks.
    We are regularly retained to negotiate the release of IRS wage garnishments by arranging a payment plan. 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. Get our Free Consultation on how to resolve your wage garnishment problems.

    IRS Seizures:
    Unlike the levy which involves intangible assets such as your bank account, a seizure is the taking of physical assets, such as your home or car. Seizures usually happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes. A Seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets. Don't think they won't. Many a newspaper or television show has reported citizens being forced out of their homes after it was sold at an IRS auction, often for as little as half its value. When the IRS seizes your assets they want to quickly sell them at auction. They often get less than half your assets value, so they often seize everything you own including your home, cars, boats, jewelry, motorcycles, insurance polices, and even your retirement funds.
    If you've received an IRS seizure notice, it's time to act now!
    Please contact us to get a Free Consultation with our tax specialist.

    Offer in Compromise:
    Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay. The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code section 7122).
    Often it is possible to fully and completely eliminate the taxes you owe - including all penalties and interest - at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done "right." If done correctly your debt may be settled for only 5-15% of what you presently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer.
    Get a Free Consultation on the solutions to your tax problems.

    IRS Payment Plan:
    If you don't qualify for the IRS Offer In Compromise program, a Payment Plan may be the way to resolve your problem. Setting up a payment plan with the IRS gives you a little more time to pay off your tax debts.

    Unfortunately, penalties and interest will continue to be charged on your outstanding balance as you pay the debt off. You are required by law to pay the interest on your tax debt.

    The good news is that there's a chance we can get your tax penalties removed. Please get Free Consultation from our tax specialists to get a better understanding of how we can resolve your tax problem. Did you know that you can get out of the tax debt due to the misdeeds or fraud committed by your spouse? Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse.

    If you qualify for Innocent Spouse Relief, you may not owe any tax. Please Call us to get Free Consultation to see if you qualify for Innocent Spouse Relief.

    Get your IRS File:
    Did you know that you can obtain a copy of your IRS file? Most people would be surprised to learn how much the IRS knows about them. Obtaining a copy of your IRS file is critical in analyzing the options available to resolve your tax problems.
    Requesting copies of your IRS file is best done by a professional who understands how to obtain them without raising any red flags as well as how to interpret the information in your file. We can help you obtain a copy of your IRS file and analyze your options.

    Please get a Free Consultation with our tax specialist.

    OVDI/ SFP

    If you have a foreign bank account or any other kind of foreign financial account and never reported it to the IRS on the Foreign Bank Account Report (FBAR), you are exposed to severe criminal and financial consequences!
    With the help of experienced advisors, you can discover whether you’ve committed a Foreign Bank Account Report (FINCEN 114, formerly known as Form TD F 90-22.1) reporting violation or other US tax reporting violation. If you have, we can solve it quickly and for the least possible cost, No Matter Where in the World You Live. We will help you guide you through the foreign compliance procedures i.e. OVDI/SFP/FATCA.

    Self Directed IRA (SDIRA)

    What is a Self-Directed IRA?
    A Self Directed IRA is an IRA that allows you to buy or invest n things other than stocks, bonds and mutual funds. Self Directed also means that custodian is merely a holding bank account for your retirement funds and you as account holder make all decisions about what types of investments you want to make within IRA account. There is very little that you cannot invest in with IRA funds.
    Self-directed accounts offer tax-deferred and tax-free investing, with a less restrictive level of investment alternatives than with regular IRAs, 401(k)s or SEPs. Savvy investors may choose to self-direct because of the potential to build a more secure future through a more diverse portfolio by investing in real estate, notes, private placements, tax lien certificates and much more as described as under:

    • Precious metals—held off-site without physical possession of the metals by the IRA holder
    • Real estate ownership: all types of residential and commercial properties (U.S. and internationally)
    • Real estate debt financing
    • Publicly traded stocks, bonds and mutual funds.
    • Private limited partnerships, LLCs and corporations.
    • Commercial paper and notes.
    • Gold Bullion.
    • Foreign currencies.
    • Commodities
    • Hedge funds
    • Royalty rights
    • Equipment and leases

    The IRA buys and sells the assets, and all transactions are tax-sheltered to the extent allowed by law. Gains and losses all occur within the retirement plan.

    Benefits of Self Directed IRA over Traditional, Roth IRA or 401ks:
    In addition to tremendous IRA tax benefits, you are able to invest tax free in investments that you know and understand which through power of compounding interest creates true wealth for you and your family. The advantage of Self Directed IRA is that you can use your specific knowledge to help your retirement account growing instead of relying on others opinion and management skills.

    Contact us if you are looking for advisory service. Avant Tax is not an Attorney or Attorney Firm. Avant Tax has partnered with financial Advisors and lawyers regarding the retirement planning or estate planning services.

    Estate Planning

    The administration of an estate can begin as a very personal endeavor but, without expert support from tax specialists, can quickly become a complex and technical one. Various elements i.e. state taxes, bureaucracy, probate courts, unfair appraisals, health care concerns, eligibility of heirs, life insurance, IRA's, 401K's, annuities, burial or cremation costs etc. must be considered to achieve most beneficial outcomes..

    Thoughts of estate planning often bring more questions than answers: Could an heir be too young to inherit? Should the inheritance be given at a certain age? Is the intended beneficiary in a shaky marriage with divorce as a possibility? Are there children from a previous marriage? Should inheritance be protected from potential creditors of the heir? Are there taxes that can be avoided? Are you able to avoid the probate court rules, delays, and costs?

    Planning what happens to your estate when you're gone can seem frustrating and intimidating without qualified help.

    You may feel that you're too young to care about estate planning. Or, perhaps the reminder of death makes you uncomfortable. You might be tempted to put the whole thing off, assuming that it will just take care of itself. In all cases, estate planning ends up saving your family lots of time, heartache and money.

    And we can help.
    Every estate planning situation is different. In order to help you, we want to know you, your unique situation, and the nature of your relationships. We offer discussion, recommendations and useful research tools to make your planning simple, efficient, and worry-free. We are available throughout the process for further discussion regarding questions, change of circumstances, and alternatives. At every step, we'll be there with you.

    We help you...

    • Clearly define your estate planning goals.
    • Organize and create your estate planning team (experts on law, finance, and taxes) if you need one.
    • Evaluate and recommend estate planning options.
    • Prepare, organize and review your estate planning documents including current wills, trusts, health care and power of attorney.
    • Decrease the problems and expenses associated with probate.
    • Lessen taxes at time of death.
    • Arrange for management of your estate in the event you are incapacitated.
    • Draft a working plan for conserving and effectively managing your estate after death.
    • Transfer the assets of your estate to heirs the way you want.
    • Organize fair and adequate liquidation of estate to cover taxes and other expenses.
    • Amend your plan as needed.
    • You also get help with...
    • Living Wills and Trusts.
    • Lifetime Family Wealth Transfers.
    • Family partnerships and other business relationships
    • Leaving money to charities.
    • Preparation for estate and trust tax problems.

    The hassles and red tape associated with estate planning can be daunting, but you don't need to do it alone. Our team is waiting to assist you through every step of the process.
    Contact us if you are looking for advisory service. Avant Tax is not an Attorney or Attorney Firm. Avant Tax has partnered with Attorneys regarding the estate planning services.