Are you paying the least amount of taxes possible?
While all partners and staff are involved to a certain degree with tax planning and reporting, the increasing complexity and frequent changes in the tax laws and their implications on individuals and businesses has prompted us to provide specialization through a separate Tax Department. The role of our Tax Department is to supply technical support in the form of tax research so that our clients will be aware of the tax ramifications of their business decisions. We take particular pride in our extensive tax library and research materials which enable us to keep our clients informed of current developments in the tax area.
The services performed by our Tax Department include not only tax research, but also tax reporting and compliance, to ensure that all transactions adhere to the provisions of the Internal Revenue Code and applicable regulations. Our staff can provide the following skills to assist you:
- Planning business acquisitions
- Solving family and closely held business problems
- Planning compensation and other retirement and fringe benefits
- Reviewing life insurance programs
- Analyzing real estate investments
- Valuing closely held corporations
- Reviewing business buy-sell formulas and methods
- Consulting regarding corporate reorganizations, redemptions and liquidations
- Designing estate and gift tax plans
- Representing clients through tax audits by the Internal Revenue Service and Iowa Department of Revenue
Our Tax Department can contribute guidance to minimize your total tax liability in order to preserve more of your assets for your use.
Tax returns
As part of our effort to exceed client expectations, our firm offers the latest in electronic filing of income, payroll and sales tax returns with the Internal Revenue Service and for all 50 states. Electronic filing is safe and secure through our computer network in communication with the IRS and state taxation authorities. You can choose to receive a paper copy of your returns or an electronic version. Know, though, that Hogan - Hansen will always retain a copy for safe keeping as long as you are a client!
