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Tax Services

BUSINESSES

Tax Planning
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We recommend Tax Saving Strategies that help you…

  • grow and preserve assets by keeping Uncle Sam out of your pockets.
  • defer income so you can keep your money now and pay less taxes later.
  • reduce taxes on your income so you keep more of what you make.
  • reduce taxes on your estate so your family keeps more of what you have made.
  • reduce taxes on your gifts so you can give more.
  • reduce taxes on your investments so you can grow your wealth faster.
  • reduce taxes on your retirement distributions so you can retire in style.

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Tax Preparation

Sales Tax Audit Representation
Along with return preparation, JBC has experience in dealing with Wisconsin Department of Revenue sales tax audits. We can provide representation to help to limit the amount of time needed to complete the tax audit and mitigate any additional tax liability that you may have resulting from the audit.

Tax Audit Representation
Nothing strikes fear in the hearts of people more than receiving an IRS or Wisconsin Department of Revenue Audit letter in the mail. Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law.

The IRS or Wisconsin Department of Revenue leaves no stone unturned in its mission to determine the accuracy of your tax return. If you do not comply with the Auditors’ wishes, they will recalculate your tax and send you home with a hefty tax bill as your parting gift.

Many taxpayers decide to handle a tax audit themselves, and discover they may have been “penny wise,” avoiding a representative’s fee, but “pound foolish,” because they received a substantial bill for a significant tax deficiency.

You see, Auditors are trained to extract more information from you than you have a legal obligation to provide. Auditors know that most people fear them and are ignorant of their rights. As a result, they know they can use that fear and ignorance to their advantage.

Rarely do our clients even have to talk with the IRS or Wisconsin Department of Revenue. We handle it all for you so that you need not take time off of your business or job to handle the bureaucracy and paperwork of the IRS. No lost wages or business. You simply forward notification of an audit to us and we handle it from A to Z.

INDIVIDUALS

Tax Planning
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We recommend Tax Saving Strategies that help you…

  • grow and preserve assets by keeping Uncle Sam out of your pockets.
  • defer income so you can keep your money now and pay less taxes later.
  • reduce taxes on your income so you keep more of what you make.
  • reduce taxes on your estate so your family keeps more of what you’ve made.
  • reduce taxes on your gifts so you can give more.
  • reduce taxes on your investments so you can grow your wealth faster.
  • reduce taxes on your retirement distributions so you can retire in style.

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Tax Preparation
Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General Accounting Office recently, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer. Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.

Tax Audit Representation
Tax Audits can be time consuming and expensive. JBC can provide representation to limit the amount of time needed to complete the tax audit and can also help mitigate any additional tax liability that may arise from the audit.

Divorce
A divorcing couple will be faced with many important decisions and issues ranging from the type of divorce action to pursue, the timing of it, and, of course, a fair division of property and possibly payment of alimony and child support by one spouse. You should be aware that in looking at a potential property settlement or cash payments, it is important to consider the impact of taxes. They can greatly affect alimony, child support, property settlements, distributions of retirement benefits and other items that you may be addressing in your divorce or separation agreement. Finally, special considerations come into play when there are company pension and profit-sharing benefits, Keogh plan benefits, and/or IRAs to split up. Complications and tax traps can also occur when a jointly-owned business will be transferred to one spouse in connection with a divorce.

As you can see, taxes can and do play a very important role in shaping a divorce agreement. We would be happy to explore any of the above items in greater detail with you.

Bankruptcy
Your back taxes, interest and penalties can be wiped out by filing bankruptcy. If you qualify, bankruptcy can be one of the best solutions to resolve your crushing tax problems. Unfortunately, not everyone qualifies to wipe out their tax debt in bankruptcy. Certain rules have to be met first. If you file bankruptcy and don’t meet the rules, the IRS will still be in hot pursuit after your bankruptcy is over. Proper pre-bankruptcy planning is key to determining if bankruptcy is or can be a viable solution.

 

TRUSTS AND ESTATES

Tax Planning
The passage of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 has changed the trust and estate planning playing fields. Professional advisors now have the opportunity to employ new strategies for their clients based upon changed circumstances brought about by this new law. We go beyond tax compliance and proactively recommend tax saving strategies to preserve your net worth and help you eliminate or minimize any estate taxes.

Tax Preparation

Tax Audit Representation