Tax Return 

Individual

The Internal Revenue Code and the Treasury Regulations expand each year which requires all tax preparers to devote additional time and effort just to remain current as to new changes.  Wells Tax Consulting provides the necessary knowledge and skill to prepare a timely and accurate filing while freeing the individual client from the hassle that comes from reading and deciphering the changing forms and instructions.   Some taxpayers rely on their tax return software to keep them abreast of changes, but the widely available software does not always ask the right questions. Leave this to us.

Corporate and Partnership

Wells Tax Consulting has experienced preparers that can efficiently handle the preparation of C corporation and S corporation federal and state income tax returns as well as partnership returns.

Information Returns

All businesses are typically subject to a number of additional information returns as a consequence of doing business.  Wells Tax Consulting (WtC) can help with generating the various forms, including Form 1099-MISC (Miscellaneous Income), Form 1099-C (Cancellation of Indebtedness, Form 1098-E (Student Loan Interest Statement) as well as many others.  The IRS reviews many of these forms and generates automatic proposed notices that include penalties for numerous alleged deficiencies, e.g., bad tax identification number or missing tax identification.  The notices are generally referred to as "B" notices after the filing copy forwarded to the IRS by the issuer. These penalties may be abated upon application by the taxpayer and a showing of good faith.  WtC can help your business investigate whether you are eligible for abatement and assist securing the penalty abatement.