Owe more than you expected? We'll find out why and fix next year.
Why do you owe so much in taxes?
Answer four quick questions. Then we find out why on a free call.
Your refund turned into a bill.
Let's find out why you owe. Where can we reach you?
There's more below
How the free call works
- Four quick questionsWhat changed, how you were paid, whether estimates went in, and what you want from the call.
- Your return, on a video callBring your return or the IRS letter. We go through it with you and find the reason.
- A plan for next yearYou leave knowing why you owe, with the W-4 change or estimated payments that keep it from happening again.
Most big tax bills have a simple reason
The usual reasons are income with no tax taken out, withholding set too low, a credit that ended, a big gain, or estimated payments that came up short. Once you know which one, you know what to change.
If you can't pay it all, file on time anyway and set up an IRS payment plan. Filing late costs much more than paying late.
Steven Palmieri is a Tax CFO and the Entrepreneur's CFO. The practice is not a CPA firm, and for a surprise tax bill we are the Tax CFO alternative. Audit and assurance reports are signed by CPA firms.
Start with what changedQuestions people ask first
Can the bill I already owe be lowered?
Sometimes, if a form, a deduction or the cost of something you sold was left off. More often the bill is right, and the fix is next year's withholding or estimates. On the call, we'll tell you which.
What if I can't pay it all?
File on time anyway, pay what you can, and set up an IRS payment plan for the rest. We'll help you choose a plan you can keep.
What should I have in front of me?
Your return, or the IRS letter. You can book with only a rough memory of the year. The papers make the call specific to you.
Who will I talk to?
Steven Palmieri, a Tax CFO and the Entrepreneur's CFO. The practice is not a CPA firm, and we are the Tax CFO alternative for this kind of bill. The call is 30 minutes, on video, and free.