Services

Tax Preparation

From the newly formed business to those that have been established for years, Jack and his team can prepare your business and personal tax returns in a manner which can minimize your overall effective tax liability. He can also explain the complex business entity options and help you to create a new tax entity that takes optimum advantages of tax efficiencies available to you. More importantly, your returns are not merely prepared, but your business model is reviewed to determine if there are alternative methods and strategies that can be implemented to reduce your liability. Jack asks, "When was the last time your current preparer sat down with you and discussed ways to minimize your taxes?" Your return will be prepared accurately and on time. Jack and his team can prepare corporate, partnership, personal, trust, non-profit, gift and estate tax returns for all fifty states.

Embezzlement/Theft/Investment Tax Preparation

If you are an investor who has been bilked in "ponzi" types of investment schemes, you may be entitled to a theft loss that is fully deductible in the year of the loss. The IRS has issued definitive rules on how these investments are to be treated for tax purposes. As ex-IRS audit managers, Jack and his team have the experience to prepare amended returns that adhere to the IRS directives and can get your refund in a very short time frame, in some cases, as soon as 90 days after filing. (IRS code section 172). Be informed and call Jack Cohen CPA. After talking with Jack and his team, you will understand why Jack Cohen CPA, LLC, is the accountant and tax preparer of choice for many investors.

Tax Representation

If you are having problems with the Internal Revenue Service, either IRS audit or IRS collection, Jack is the one you need to represent you. Unlike other firms making false promises and taking large fees up front, Jack will objectively evaluate your situation and provide you with a realistic opinion of your chance of success. Furthermore, Jack understands the IRS system and underlying legislation thoroughly from his 'insider' experience. Who could be better to represent your interests? Remember, Jack was #1 in IRS Large Corporate Audit in 2006.

Tax Planning

The Internal Revenue service constantly changes and reviews practices resulting in the whole tax system being progressively more complex - so you really have to be in the know! Jack offers a comprehensive tax planning service that will help you take full advantage of Nevada’s business-friendly tax laws and the range of business entities that can help you to become really tax efficient. It is estimated that a high percentage of small business owners overpay their taxes each year - don’t be one of them!

Small Business Accounting

Bookkeeping, without a business accounting background, can produce inaccurate results. However, most business owners don’t set out intending to become an accountant! Let Jack’s team take over the accounting chore and free up time to do whatever you do best for your business. Let Jack’s team organize your income and expenditure records and produce accurate reports so you have all the facts you need, in a comprehensive format, whenever you need them.

Corporate Entities

When you are planning the tax strategy for your business, you simply can't afford to ignore the benefits a Nevada corporation or Nevada LLC brings. Nevada has some of the most business-friendly tax laws in the nation. You can reduce taxes legitimately, protect your personal assets and guard against identity theft, all by incorporating your business in Nevada. Jack’s sister company, yournevadacorporatesolutions.com, has in-depth knowledge that can help you to understand the complex range of business entities available and their implications. This will not only help you to become really tax efficient, it will ensure your assets are protected too.

IRS Collection

If you owe the Internal Revenue Service money, it is imperative that you take action to resolve the debt as soon as possible. If the IRS is threatening to levy your wages or assets, you must take immediate action to avoid this from occurring. The Internal Revenue Service will not stop attempting to collect; ignoring notices you receive from them is not the answer for you. Jack can represent you in dealing with the IRS, negotiating installment agreements and resolving your collection problems. He will discuss your specific situation with you and determine the best approach to take in resolving the debt.

IRS Audit

A taxpayer who represents him or herself in any audit situation is making a huge mistake. Jack knows from his ‘insider’ experience that taxpayers are no match for IRS agents. Most accounting and tax preparation firms have little contact with the IRS, so are no match for them either! Beware of firms claiming to have the experience and knowledge to represent you in a winning case. You may find it ends up taking forever, amasses large hourly fees and that you just end up in the same position as you were months before! Jack’s objective is to resolve your IRS audit expeditiously to reach a successful conclusion. He will evaluate your situation and provide an opinion as to possible outcomes. Your IRS issues will be resolved with as little time and cost as possible.

Offer in Compromise

Do not be fooled by the many advertisements promising to settle your tax debt for pennies on the dollar. The fact is that the Internal Revenue Service accepts a very low percentage of offers in compromise. These advertisers will take your money with no guarantee of success. In order for an offer in compromise to be accepted, there are clear rules used by the Internal Revenue Service to determine eligibility. Jack knows the rules. Let him evaluate your situation objectively and determine whether this strategy will work for you and result in a successful conclusion.