We are proud to offer top-notch virtual tax preparation services to clients all over the world. We understand the complexities of the U.S. tax system and the challenges that come with managing a business from afar. To help you better understand our services and how we can help you remain compliant while maximizing your tax savings, please refer to the following FAQs:
Is the fee $500 inclusive of the preparation of both 1120 & 5472 and form 1040 NR?
No, the fee of $400 covers only the preparation of Proforma 1120 and 5472.
For the pricing of form 1040NR, please refer to the link provided below.
https://oandgaccounting.com/service-packages/#tax-preparation-pricing-package
It's helpful to know that the directory available at https://irs.treasury.gov/rpo/rpo.jsf contains PTIN holders who have a professional credential or have completed the Annual Filing Season Program with the IRS.
Additionally, the IRS provides PTIN holder information through their website at https://www.irs.gov/tax-professionals ptin-information-and-the-freedom-of-information-act under the Freedom of Information Act. This can be useful in finding specific PTIN holders.
If you are searching for my firm, use OWARE, ALEX AMPADU with a business name of O & G Tax and Accounting Services, LLC, and a Certified Public Accountant (CPA) credential, the following address may be helpful to include in your search:
Address: Lakewood, CO, 80226-3094
Using this information, you may be able to locate the tax preparer's PTIN and other credentials through the IRS website or by contacting the IRS directly.
No, the fee of $400 covers only the preparation of Proforma 1120 and 5472.
For the pricing of form 1040NR, please refer to the link provided below.
https://oandgaccounting.com/service-packages/#tax-preparation-pricing-package
Will I receive an engagement letter or agreement contract to sign before the start of the process?
Yes, an engagement letter will be sent to you for signature prior to the start of the process.
How long does it take to complete the process from the day I send the Excel file and LLC documents?
The process typically takes no more than 7 days from the day you send the Excel file and LLC documents.
No, the form cannot be e-filed. It must be mailed or faxed to the IRS.
Is the preparer available if the IRS contacts me?
Yes, the preparer may be available if the IRS contacts you, but only if the inquiry is specifically related to the tax returns, they prepared for you.
It means that the preparer is only responsible for the tax returns they prepared for you, and they are not obligated to assist with any IRS inquiries outside of that scope.
If the IRS contacts me regarding tax returns that my preparer prepared, what should I do?
You should contact your preparer as soon as possible and provide them with any information or documentation requested by the IRS. Your preparer can help you understand why the IRS is contacting you and assist you in responding to any inquiries.
What if the IRS inquiry is not related to the tax returns my preparer prepared for me?
If the IRS inquiry is not related to the tax returns your preparer prepared for you, they are not obligated to assist you with the inquiry. However, they may be able to assist you on a separate engagement.
Will the tax preparer deal with the IRS on my behalf and inform me, even after April 15?
No, the tax preparer's engagement is typically completed once your tax return is prepared. However, if there is an error on the preparer's part that caused the IRS to contact you, they may assist you in resolving the issue. If the error is not related to the tax return they prepared or is on your part, additional fees may apply for their services.
What does it mean when the tax preparer's engagement is completed once my tax return is prepared?
It means that the tax preparer's responsibility is to accurately prepare and file your tax return by the applicable deadline, typically April 15th. After that date, their engagement is generally considered complete unless you have made other arrangements with them.
What types of errors might cause the IRS to contact me?
The IRS may contact you for a variety of reasons, such as errors or inconsistencies on your tax return, missing or incomplete information, or questions about deductions or credits claimed.
Do you ask for expense receipts in order to prepare forms?
Not necessarily. I generally do not ask for expense receipts in order to prepare these forms. Instead, you are asked to complete an organizer truthfully and to the best of your knowledge.
My LLCs was just formed last year. No business done, but there are expenses. Should I include them?
It's important to review the instructions and guidelines provided by us to determine what expenses should be included on your return. In this case, we only need to know about related party transactions, as explained in the videos and FAQs. Therefore, you should follow the instructions and provide any information on related party transactions that is required.
Would you send the return draft for review and approval before submission to the IRS?
Yes, we send the filing to clients for review and approval before submitting it to the IRS. This ensures that clients have an opportunity to review the information and make any necessary corrections or additions before the filing is finalized.
What if I find errors or discrepancies in the filing?
If you find errors or discrepancies in the filing, you should contact us as soon as possible to discuss the issue and make any necessary corrections. It's important to resolve any issues before the filing is submitted to the IRS to avoid potential penalties or fines.
Do you include your PTIN and sign the forms?
Yes, we are paid preparers and we required by the IRS to include our Preparer Tax Identification Number (PTIN) and sign the tax forms we prepare.
Why is it important for the tax preparer to include their PTIN and signature on the tax forms?
Including the PTIN and signature helps to identify the tax preparer and ensures that they are authorized to prepare the tax forms. It also helps to establish the preparer's responsibility for the accuracy of the information on the forms.
Yes, you can request an invoice that includes the names of each separate LLC and details of the services you are paying for. We understand the importance of clear and detailed billing, and we strive to provide our clients with invoices that accurately reflect the services we have provided.
How do I make a payment for your services, through bank transfer or a secure link?
We accept many forms of payment through our payment processing platform, Stripe. Once we have received all of your documents and we are ready to move forward, we will send you a payment link to complete your transaction. Stripe is a secure and reliable payment processing platform that accepts major credit and debit cards, as well as other payment methods like Apple Pay and Google Pay.
Stripe is a secure and reliable payment processing platform that uses industry-standard security measures to protect your payment information. Your credit or debit card information is encrypted and stored securely, so you can be confident that your payment information is safe.
