Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by 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...

Here's just a few of the Tax Saving Strategies we use...

We can uncover errors made by other preparers and find opportunities to reduce your tax bill that others may miss.

We will check your last three year’s tax returns for accuracy and make sure that you:

This service does not cover financial reporting and non-personal returns (business, trust, partnership, etc.). It includes the following deliverables:

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Have you received an IRS audit notice? While millions of taxpayers are audited every year, the concept that the IRS would like to take a closer look at your taxes can be nerve-wracking.

Even taxpayers that have nothing to worry about because they have filed their taxes in a timely and honest manner may be frightened of an impending IRS audit. Hiring a tax resolution company like Top Tax Defenders for audit representations can help ease the anxiety of an IRS tax audit.It is important to note that not all audits are done face-to-face; in fact, the majority of IRS audits are correspondence audits, done through the mail. Even if you have not been selected for a face-to-face audit, audit representations by Top Tax Defenders help you assure that you are filling out additional paperwork completely and correctly, an important step to the audit process.

What will the IRS expect during an audit?

You will be notified of what documentation the IRS would like beforehand, so that you may prepare for a face-to-face meeting, or fill out correspondence audit paperwork. The IRS may be examining the entirety of your return, or they may only want clarification for a specific part of the return. For example, if you own a small business and have been continuously reporting a loss, and therefore no tax liability, for the business, the IRS may want further proof of your losses. This could include everything from rent receipts and utility statements, to a detailed record of customer billings.

Most audits end in a change to the return. This could be in favor of the taxpayer, or the IRS; the IRS does not necessarily target taxpayers that may owe them more money. You could walk away from an IRS audit being owed additional tax refund money.

While only about one percent of taxpayers are audited per year, you may find yourself in that minority. Instead of going through the stressful process of an IRS audit alone, seek audit representation from an experienced tax firm. Top Tax Defenders has 27 years of experience with the IRS, and knows what to expect from an audit.

Individual Tax Identification Number (ITIN) is a substitute for the Social Security number issued by the IRS to non-US individuals (not business entities).

Getting ITIN may be required by the IRS or may be requested by the individual for personal reasons.

We will analyze various situations to see how having an ITIN may affect US tax. In most cases having ITIN improves the tax position, occasionally it makes it worse, and often there is no effect.

Who Must File an FBAR?

A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year.

When must the FBAR be filed?

The FBAR must be received by the Department of the Treasury on or before April 15th of the year immediately following the calendar year being reported. The April 15th filing date may not be extended.

What is the purpose of the FBAR?

Report of Foreign Bank and Financial Accounts, is used to report a financial interest in or signature authority over a foreign financial account.

Can I get an extension of time to file?

If you file an extension on your tax return, the deadline for the FBAR is automatically extended as well. There is currently no separate extension that needs to be filed for the FBAR specifically.

Are there penalties for not filing or filing late?

A person who is required to file an FBAR and fails to properly file may be subject to a civil penalty not to exceed $10,000 per violation. If there is reasonable cause for the failure and the balance in the account is properly reported, no penalty will be imposed. A person who willfully fails to report an account or account identifying information may be subject to a civil monetary penalty equal to the greater of $100,000 or 50 percent of the balance in the account at the time of the violation. See 31 U.S.C. section 5321(a)(5). Willful violations may also be subject to criminal penalties under 31 U.S.C. section 5322(a), 31 U.S.C. section 5322(b), or 18 U.S.C. section 1001.

File your individual Income tax return (Form 1040, 1040A, or 1040EZ) and Pay any tax due before April 15th to avoid penalties and Interests.

In case if you are not able to file your income tax return by the due date, you can always request IRS for additional time to file the tax returns but NOT to pay the taxes.

We at Fact Tax Filing help you in applying extension to file your tax returns with IRS for NO cost.

Fact Tax currently offers a Complete Accounting Package that covers all aspects of your accounting system. We'll provide full charge bookkeeping, quality assurance as well as in depth monthly financial analysis, reports and meetings as needed. Understanding that managers have different levels of understanding of their accounting systems, we provide customized solutions to meet your requirements.

In addition we offer optional services which are billed separately from our flat monthly fee. All of our additional services are provided on an as-needed basis and include back-work, trend analysis, tax preparation, inventory, job costing, audit assistance/preparation

Our packages are designed to process your daily accounting tasks as well as closing your books come month end. Using the recorded information we'll prepare your financial reports including a useful analysis of your performance.

Having confidence that your accounting system accurately reflects your current situation you'll be free to concentrate on running and growing your business. If your bookkeeping is overwhelming you and you no longer feel like you have control, give us a call. We'll head you in the right direction. Following are the services.

We will close your books monthly, prepare your financial reports(balance sheet, profit and loss statements),analyze your outstanding payables and receivables and review your cash flow to help identify specific areas that need attention. Your monthly financial position will be presented accurately, timely.

We helps you stay focused on your business by streamlining your payroll process, improving productivity, and simplifying administration.

Time and Attendance

We provide a comprehensive software solution that will streamline your company’s operations, simplify timekeeping, and save you money. we offers the most state-of-the-art methods of time management for today’s businesses.

Workers Compensation