Peltier Dennis Tax Services
Tax Consultant in Roanoke, VA
I'm an Enrolled Agent - a federally licensed tax specialist. My services include tax consultation and tax preparation for both personal and businesses. If you're starting a new business, I can assist you choose the tax entity that will be most beneficial and can supply payroll and bookkeeping services. As an Enrolled Agent, I can ensure that your tax forms will be complete and accurate, and you'll have confidence and peace of mind knowing that your returns are filed correctly. I'll be there for you if the IRS were to question how your return was prepared.
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Dennis Peltier
read moreTo get directions to my office, simply enter your address in the "From:" textbox, (or the address you will be starting your trip from) and click "Get Directions!"
Dennis Peltier
read moreI can also help you properly determine what your full profit or loss is when you sell something. Are you getting the most out of properly depreciating rental or business assets? The issue of estimating your tax liability is also an area where I help you. Did you know that the IRS will penalize you if you do not pay in enough of your tax liability through withholding or estimated taxes? You're required to pay estimated taxes if you receive income from which taxes aren't withheld, including money from self employment, investments and alimony, and your tax is expected to be $1,000 or more.
Dennis Peltier
read moreMany great small businesses get into needless trouble with the IRS or other taxing agencies because they ignore those agencies. If you pretend that the IRS does not care about your small business, you will be making a huge mistake.
Dennis Peltier
read moreThe best way to choose one is to ask your friends or family who they use. If they have had good experiences with the preparer, they should be happy to recommend him or her. Also organizations like the National Association of Enrolled Agents have data bases that can help choose a qualified professional in your area. Although the Preparer signs the return, you are responsible for the accuracy of every item on your return. In addition, the preparer must give you a copy of the return. Choose a preparer that will be around to answer questions after the return has been filed.
Dennis Peltier
read moreThese are just a few of the questions you will need to answer if you try to file your taxes yourself or if you use an online "free service". Make a mistake with any of these questions, or hundreds of others, and you could pay too much to Uncle Sam. I will accurately prepare all federal individual forms and schedules. I can also prepare tax returns that are required by all states (not just Virginia) and localities. A part year return for New York is no problem. A non-resident return for Colorado is no problem.
Dennis Peltier
read moreSo what recordkeeping system should you use? According to the IRS, you may choose any recordkeeping system that clearly shows your income and expenses. I can help make this choice easier by showing you different software applications that can assist you with this task. Except in a few cases, the IRS does not require any special kind of records, nor do they endorse any particular brand of software. Another issue to be concerned with is an audit. If your business is audited, the IRS will check and make sure that you are using a consistent accounting method.
Dennis Peltier
read moreMany taxpayers are relieved when they've gotten their refund check, because they assume it means the IRS has checked over their return, everything's okay, and therefore they won't be audited. This is totally wrong. While the IRS now withholds portions of refunds due to the discovery of obviously erroneous deductions, the issuance of a refund has no bearing on whether you will be audited. If you get a notice from the IRS or other taxing agency that you are being audited you should be aware that you have certain rights.