Taxes & Tools

A guide to our services and helpful resources

OUR SERVICES

More than just tax form preparation

Our staff attends to the big and small pictures that impact our clients’ financial lives. As a full service firm, we prepare a complete range of tax forms that reflect basic income tax return needs. From there, we can assist with tax planning and identifying the effects of transactions on future taxes. In the event of an audit, we provide representation before taxing authorities.

Our full range of preparation services includes:

Form 1040 – U.S. Individual Income Tax Return
Form 1041 – U.S. Income Tax Return for Estates and Trusts
Form 1065 – U.S. Partnership Return of Income
Form 1120 – U.S. Corporation Income Tax Return
Form 1120S – U.S. Income Tax Return for an S Corporation
Form 706 – U.S. Estate Tax Return
Form 709 – U.S. Gift Tax Return
Form 990 – Return of Organization Exempt from Income Tax
Form 990PF – Annual Return for a Private Foundation
Washington (and other states) Estate and Transfer Tax Return
All state income tax returns

Guides and Resources

Glossary of terms

Oooof, there’s a lot jargon. Not sure of the meaning of something? We’ve got an alphabetical glossary to help you out.

Check your refund status

Waiting for your refund? Learn how to check your status online. We can point you in the right direction.

IRS Late Penalty Guide

The failure-to-file penalty is normally 5 % of the unpaid taxes for each month or part of a month that a tax return is late. It saves not to be late!

Document Retention Guide

How long should I keep my documents for? The answer may vary depending on what type of document you are referring to

what to know

Past due and non-filed income tax returns

Filing the delinquent returns as soon as possible stops the failure to file penalty from accumulating (5% per month, up to 25%). Once all returns are filed, the taxpayer may be eligible to set up a payment plan for unpaid tax amounts, which may include the abatement of interest and penalties. In some instances an offer in compromise may allow the tax debt to be settled for less than the amount owed. There is hope!

Once you start the process of dealing with your unfiled income tax returns that queasy feeling you have whenever you think about the subject will start to go away.

If you’d like to get current with your tax filings but have no idea where to start, give us a call. Robert Loe & Associates can assist you in obtaining years of missing data, prepare delinquent tax returns, and work with the IRS on your behalf to achieve the most positive possible outcome. Because we’re sure you have better things to do.

Once you start the process of dealing with your unfiled income tax returns that queasy feeling you have whenever you think about the subject will start to go away.

The IRS doesn’t care why you didn’t file. Filing the returns before the IRS becomes aware of your delinquent situation is easier than waiting until they do.
Expecting a refund? The right to claim it, along with other credits, expires after three years.
It may prevent the IRS from filing a substitute return on a your behalf, which will not reflect exemptions or deductions that you may be entitled to, and will not stop interest and penalties from accruing. This substitute return allows the IRS to start the process of collecting the unpaid tax, interest, and penalties, which can result in levies on wages, other income, bank or retirement accounts, as well as seizure of assets. Criminal penalties may be up to one year in jail—for each unfiled tax return. Yikes! This is something you want to avoid.
Failure to file income tax returns will result in lower Social Security benefits upon retirement.
Timely filing of income tax returns will result in your greater ability to obtain mortgages, business loans or financial aid for higher education.
The IRS assesses penalties for failure to file and failure to pay, and charges interest on any unpaid tax balance.

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