Services

tax services

We know that taxes are the annual event that stresses out most people. We also know that businesses, particularly small businesses, struggle with taxes even more because of all the issues that deal proper classifications of write-offs, employer taxes, changes in tax reforms, tax benefits, and payroll tax. With our expert service we can handle any issue with our tax solutions that help you with tax planning and preparation, tax problems, and tax audits.

We pride ourselves on having the expertise and knowledge required to assist you with tax preparation services for not only businesses, but also individuals. Totta & Mammadova Financial Services can provide services, consultation, and education regarding the tax process. We will do whatever we can to help you feel at ease with your finances.

Over the years our tax experts have prepared thousands of personal and business tax returns ranging from very simple to very complex. Regardless of the complexity of your return, we are happy to prepare your return.

We truly care about every client, so we work hard to minimize liabilities and maximize your tax savings for businesses and individual taxpayers. We’re continually searching the tax code to find new ways for our clients retain profits and preserve wealth. When you work with us, you can be confident that we’re looking out for your best financial interests because we’re highly trained tax accountants.

We have extensive experience preparing personal tax returns for small business owners, real estate investors, investors with K-1 income from partnerships, S-Corps and trusts and stock traders.

PERSONAL TAXES

Whether you’re working for a company and received a W-2 form or you’re working as an independent contractor for a number of businesses, we can help you file your taxes properly.

By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities.  We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year.

We specialize in the preparation of personal income tax returns on IRS Form 1040 and all forty-one states that tax personal income. The following states do not tax personal income: Texas, Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Washington, and Wyoming.

BUSINESS TAXES

Regardless of your industry, the right tax strategy is critical to your organization’s bottom line. But maintaining corporate tax compliance and effective tax planning is a multilayered effort, and we have the experience and knowledge to guide you.

Our corporate tax practice is comprised of professionals who incorporate the tax perspective into business decisions, helping clients create a competitive advantage in today’s dynamic economic environment.

A mistake in taxes can cost a business a lot of money. That’s why our firm is here to handle your business taxes, so you can handle your business. We’re not just any tax consultant, we’re experienced and reliable with an unmatched knowledge of taxes in the industry.

We offer preparation of federal, state and local business tax filings (1120C, 1120S, 1065) as well as of exempt organization tax filings (990). In addition to experienced tax preparation, we offer tax planning services as an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

PAST-DUE TAX RETURNS?

We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your records, our team will assist in obtaining information from the IRS and any relevant states. 

We can help estimate, reduce, or eliminate taxes or interest through various abatement programs, payment plans, and debt settlements (tax reductions) that are available through the government. 

OWE BACK TAXES?

If you owe back taxes to the IRS, know that you’re not alone. Millions of Americans have fallen behind on their tax payments at one time or another. IRS can be very aggressive by imposing levies, garnishments, property seizures and more.

The good news is you do have choices and these choices will actually get you out of your tax debt. In some cases, you may even be able to settle your tax debt for pennies on the dollar through what the IRS calls an “Offer in Compromise”.

Whatever your tax situation, we can’t stress enough that the time to deal with your tax issues is now. At Totta & Mammadova Financial Services you’ll have tax specialists working with you every step of the way to find the most optimal solution for your tax relief. We are creative problem solvers and have seen it all.