Between rushed deadlines, IRS ambiguous reporting requirements, and endless tax forms – not to mention a constantly changing tax code – managing taxes can be stressful for even the most prepared individuals. The difficulty and risks of falling out of compliance with these laws and requirements grow exponentially as the number of personal and business circumstances with a tax implication increases. This year, minimize the stress with expert assistance from Marigu Consulting Tax Experts.
A tax services relationship with Marigu Consulting will give you access to year-round questions, guidance, create specific transaction plans, or resolve tax problems. Yes, we do not just prepare your taxes and run away for a whole year. No, we are available to answer your questions.
Tax Planning Services
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax-saving strategies to lessen your tax burden.
The best way to avoid tax issues is to file Timely and Accurate tax returns. That’s our approach Marigu Consulting, and there are several steps we build in to accomplish that goal.
- We make every effort to avoid the need to file tax extensions.
- We create an accurate estimate of taxes owed so you can pay on time and avoid Interest and penalties.
- We work with you to answer the setup questions that come with a new venture or a change in employment status.
- We help you determine what forms need to be filed, so the IRS has correct information about your status.
- We work with you regarding the tax implications of your investments in stocks and Bonds.
Foreign Bank and Financial Accounts Reporting (FBAR)
US laws have established broad definitions for which accounts are considered “foreign” and who is required to report those accounts. US laws have also established heavy penalties for failure to report those accounts–up to $10,000 for each non-willful violation, and the greater of $100,000 or half the account balance for each willful violation.
The bottom line is that if you have financial accounts outside the US, you can’t afford to have a resource to help you ensure compliance with these US reporting requirements. We at Marigu Consulting can significantly reduce your stress and risk in this area as we have considerable experience with foreign bank account reporting compliance because many of our clients have such financial interests.