1. We help taxpayers comply with complex and changing tax laws is essential.
Tax law for ordinary taxpayers do not have tax expertise is very complicated. Over the past 20 years, the number 1040 and 1040A tax forms increased by 21% and 57%, and the most simple personal tax returns 1040EZ form is down 3%. Even before the “fiscal cliff” tax law changes since 2001 have 4,680 copies tax law changes. Tax reform can be simplified declaration, but many taxpayers will need professional tax return personnel to respond to changing tax laws.
All tax accountants need continuing education to effectively practice. Licensing professionals (certified public accountants, lawyers and registered agent) must meet annual education requirements and pass rigorous exams. If you do not declare tax officers specification, all professionals in more than half of the report has been registered with the IRS and tax table does not require continuing education or examination.
Studies have shown that tax officers did not meet educational requirements of a large number of incorrect declaration of tax returns. In the 2008 survey, financial Tax Director (TIGTA) audited 28 unlicensed, unregistered tax staff. TIGTA found that 28 of the 17 reporting is incorrect, six tax willfully or recklessly file a tax return.
2. We are critical for small business compliance.
Small businesses are the biggest challenge to voluntary compliance of tax laws. In 2012 research tax gap, the IRS estimates that small businesses too low because the declaration, the government lost $ 141 billion per year. Small businesses false positive rate of 57% IRS tax staff know 80 percent of small businesses use the paid submission of tax returns.
Due to lack of resources, the IRS can not audit voluntarily comply with the reporting of way; the IRS to audit only 1% of all tax returns. Knowledgeable tax professionals (will be reminded every year, and for small businesses effective due diligence requirements through education) a greater impact on tax compliance than the IRS auditor.