Federal and state governments often require the results of careful research and planning to be displayed throughout tax filings.
Compliance with tax law is an exercise in risk management for high net worth individuals, business entities and trusts alike. Federal, state and local governments enact tax systems that require a strong technical knowledge and the ability to research and plan for complete and accurate tax filings. Our accredited professionals are dedicated to ensuring that each return is completed with a focus on quality, integrity and efficiency. We provide outsourced tax departments services on which businesses can rely to fulfill filing obligations and to do so with advanced preparedness. The CCA tax practice thoroughly tracks and coordinates reporting responsibilities which allows our clients and our team to approach tax compliance engagements with accuracy and assurance.
Example Engagement: Individual Tax Return Preparation
CCA was engaged to review an individual’s tax return to find various tax deductions in regards to the client’s mother’s medical expenses. The client’s mother had significant medical expenses that were a considerable amount of their adjusted gross income. By grouping all of the expenses into the current tax year, we were able to qualify our client for some additional tax benefits. We also reviewed the applicable tax laws and legislation and concluded that the expenses associated with her nursing home care could be deducted as medical expenses.