90% of all Real Estate Agents in New Jersey are independent contractors with their brokers. Commissions on the sale of homes and property are subject to a variety of taxes including federal income tax, self-employment taxes, and state taxes. These two things lead to “the perfect storm‘ and many Realtors find themselves with IRS issues.
Dealing with an IRS situation is painful, stressful and one of the scariest experiences for many people. Owing the IRS can be crippling, both emotionally and financially.
You don’t need to face the IRS alone.
I have experience working with real estate agents who have tax problems. My goal is to resolve your tax issues so you can focus on your business and families without the stress of looming tax trouble.
Taxpayers employ me as an Enrolled Agent for IRS representation because of my particular knowledge of the tax code, as well as my experience and expertise in resolving tax problems. To get the most favorable settlement to a tax situation, enrolled agents prepare a tax case, represent it before the IRS, and negotiate its terms.
Enrolled agents represent taxpayers before the IRS for audits, collections, and appeals. Real Estate agents who have tax-reporting obligations will receive advice, representation, as well as preparation of tax filings.
We begin with a free consultation to determine if I can help you with your tax problem. I perform discovery and analysis of your tax case and collaborate with you to find out your present financial situation. The analysis of this data lays the groundwork for the best solution.
At this point, it’s important to file the delinquent returns to get back into good standing with the IRS. After that you will be most likely to qualify for the variety of options available to resolve your tax problem.
Why Should You Hire an Enrolled Agent to Help Fix Your Tax Problem?
Gary Canonico EA is an IRS licensed Enrolled Agent providing IRS resolution people and companies. Enrolled Agents represent taxpayers before the Internal Revenue Service. The status of enrolled agent is recognized across all 50 states and is the highest credential awarded by the IRS.
Gary has over 30 years’ experience as a successful senior financial executive producing dramatic turnarounds for failing organizations. He holds a Bachelor of Science degree in accounting and is a SCORE certified mentor who holds a Business Advice Certification.
Not only can he help you resolve your current tax problem, but he can help you put a structure in place so that it won’t happen to you again.