Although Tax Muscle is primarily a tax debt resolution company, our firm also specializes in a number of additional value-added services. We take great pride in being able to offer our clients personalized quality service. Below, we have listed the additional services that we offer to our clients along with a brief description of each.
Services and Descriptions
Private Letter Ruling (PLR)
A Private Letter Ruling is a written determination issued to a taxpayer for a fee in response to the taxpayer's written inquiry about the tax effects of its actions, and is made based on the information and representations made by the taxpayer in that inquiry. A taxpayer may ordinarily rely on a PLR that it has received. Although it is common for taxpayers to view PLR's as indications of the IRS's interpretation of law generally applicable in particular situations, a taxpayer may NOT rely on a PLR that is issued to another taxpayer. A PLR applies only to the taxpayer who asks for and obtains the ruling.
PLR's can be useful to taxpayers who wish to be certain of how a transaction will be taxed before proceeding with it. PLR's also allow taxpayers to avoid unexpected tax costs. Although the procedure for requesting a PLR can be quite cumbersome, sometimes requesting a ruling is the most effective way to carry out tax planning. Obtaining a PLR can earn you thousands of dollars, and potentially more, in tax savings.
Allow Tax Muscle to use our experience in meandering through the maze of the Private Letter Ruling process to generate a favorable ruling for your proposed financial transaction.
If you are uncertain about the tax ramifications of a proposed transaction, allow us to assist you through our advanced researching capabilities. The culmination of our efforts in this capacity will be a letter explaining our findings on the issue(s) and concluding that it is more likely than not that one or more significant federal tax issues would be resolved in your favor in the event of an IRS challenge.
Conduct your proposed transaction with the peace of mind that the ramifications of your tax position have been thoroghly investigated and reconciled by the tax professionals at Tax Muscle.
Estate & Trust Tax Preparation
Effective estate, trust, and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
Our experience with the taxation of U.S residents working abroad and foreign citizens working in the U.S. has provided us with an extensive base of knowledge in the area of international taxation.
Every Taxpayer Has A Right To Tax Representation
If you have been contacted by the IRS or State Taxing Agency, or are facing enforced collection action or the threat of such action, then let Tax Muscle do the heavy lifting and resolve your tax problem for good. Call 855.829.6875 today for your free 15 minute tax debt consultation.