Tax Resolution & Business Advisory

Tax Resolution & Business Advisory

IRS representation, back-tax resolution, and financial planning for businesses and individuals throughout Park City, the Snyderville Basin, and Summit County.

Resolving Tax Issues and the Process Behind Them

A tax notice or back-tax issue is often a sign of a gap in financial process, not just a one-time problem. This page covers both resolving the immediate issue and addressing what caused it, so the same situation doesn’t come back next year.

Resolution

Tax Resolution & IRS Representation

Tax resolution work follows a specific sequence. It starts with a review of the notice or assessment itself, to confirm exactly what the IRS or state is claiming and why. Next is a statute-of-limitations check — confirming which tax years are still open for collection or assessment, since that affects which resolution options apply. From there, documentation is assembled: prior returns, income records, and the supporting schedules needed to respond accurately. Representation before the IRS or a state tax authority follows, communicating directly with the agency rather than leaving a client to respond alone. Depending on the situation, resolution options include an installment agreement, an offer in compromise, or penalty abatement — each has specific eligibility requirements, and part of the work is determining which option actually fits the client’s financial picture rather than defaulting to the first one available.

Planning

Forecasting, Budgeting & Financial Planning

For a business client, this typically means a monthly cash-flow model — projected income and expenses by month, updated as actual numbers come in — so an owner can see two or three months ahead rather than reacting to the current bank balance. It also includes hiring or expansion scenarios: modeling what a new hire, a lease, or a second location does to monthly cash flow before the commitment is made, not after.

Advisory

Ongoing Business Advisory

Ongoing advisory work includes a periodic entity-structure review — checking whether an LLC, S-corp, or other structure still fits the business as it has grown, since that decision affects both tax treatment and liability exposure — along with regular check-ins tied to the business’s own calendar (before a slow season, before a major purchase, before year-end) rather than a single annual meeting.

Background

Corporate Financial Planning, Applied to Local Business

The forecasting and budgeting methods used at large companies apply directly to protecting and growing a local business. The size of the business doesn’t change the value of having a documented budget, a cash-flow forecast, and a clear entity structure — it changes the scale at which those tools are built and maintained.

Fit

Who This Is For

Park City and Summit County business owners with an open tax issue; growing businesses that have outgrown a bookkeeper-level relationship; owners who want a financial planning partner rather than a once-a-year preparer. This also applies to individuals with a personal back-tax issue — unfiled returns, a wage garnishment notice, or an audit — not only business owners.

Process

How This Works

Learn More

Ongoing tax, nonprofit, and advisory services are provided through Park City Tax Pro.

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