Professional services available:
Professional Tax Return Planning & Preparation…
Professionally prepared federal and state income tax returns for new clients require a $800.00 nonrefundable retainer. Before accepting new clients we need to review your prior year’s tax return. Telephone or email to talk about your concerns. Your payment may be made by credit card using the order form or send a check payable to “Colin M. Cody, CPA” with your paperwork. For the additional paperwork & other information required please review this listing. Preparation of additional, separate, entities may require an additional $800 deposit.
General fee guidelines are listed here
Can’t find your question answered on our free web site?
Personal telephone consultations are available from May through December. $150.00 for up to a 30 minute session. Send a short outline of your main question to us and we’ll get back to you if we feel we can be of assistance to you, before requiring any payment to be sent.
New Entity Tax Consulting – Business Formation and Incorporation Tax Consulting Services…
S-Corporations, multi-member LLCs and other legal entities as well as Partnerships, Joint Ventures, Joint Accounts and Certain Joint Undertakings with Fellow Traders or Family Members may be effectively used for trading vehicles. email us or telephone us to discuss your particular needs.
You can do it yourself, using TraderStatus.com’s assistance with the income tax aspects. We can assist you and your lawyer with LLC and S-Corp or C-Corp entity’s in all 50 States. Before accepting new clients we need to briefly review your goals to make sure you are ready to make the step in this direction. Your LLC or S-Corp can be up and running in as little as a few days with expedited service (in those States that offer expedited service), or a few weeks with the State’s regular service. We require a $800.00 nonrefundable retainer to become a client from which our $500 flat fee for income tax advice on forming and planning your entity is drawn.
Use your own credit card to directly charge the other fees (Secretary of State fee, etc.) Your retainer payment may also be made by credit card using the order form or send a check payable to “Colin M. Cody, CPA.” Telephone or email us to talk about your concerns.
IRS Audit Representation…
IRS audits are a fact of life. And more common now are IRS mailed inquiries that can lead to additional taxes and penalties and interest being assessed. If you are just starting with the IRS or even if you’re already in the middle of an IRS audit, the most important thing you can do is immediately get out of the line of fire by signing a power of attorney (IRS Form 2848) to have a professional representative deal with the IRS on your behalf.
Once you are selected for audit, do not make the mistake thinking that you merely need to provide some supporting details and other documentation to the IRS with with a smile. The IRS examiner will likely not have a clue what “Trader Status” is, and will disallow the tax benefits taken on the tax return, whether documented or not.
If you (or your entity) have received your first IRS notice and have not yet responded, then a retainer of $1,500 along with copies of your tax returns and the initial audit correspondence is necessary.
If you are already in two-way communications with the IRS a retainer of $2,500 is necessary for us to step into your shoes.
If we find that your tax return has errors and an amended tax return needs to be prepared, this can be done usually for a flat-fee charge of $350 per tax year touched, after consulting with you about the error or problem uncovered. Not all errors result in preparing an amended tax return.
Whether you use us for audit representation or not, we implore you to immediately get out of the line of fire and retain a CPA, a tax attorney or other tax professional to represent you. Most taxpayers are likely to be causing their case irreparable damage the longer they wait.