Tax Resolution Service in Las Cruces, NM

Get your accounting questions answered by CPAs who CARE!

About Marcus, Fairall, Bristol + CO., PLLC

Marcus, Fairall, Bristol + CO., LLC has been in the accounting business for over 30 years. We are a full-service Certified Public Accountant firm located in El Paso, Texas. Our team of accountants is licensed by the Texas Board of Accountancy and the New Mexico Public Accounting Board. Our professionals are members of the American Institute of Certified Public Accountants. We have helped individuals, businesses, and non-profit organizations in El Paso, TX, and Las Cruces, NM with their accounting issues including tax resolution and IRS negotiation.

Tax Resolution Service in Las Cruces, NM

When it’s time to seek professional advice, Marcus, Fairall, Bristol + Co., PLLC is your answer to your tax-related issues. Our company offers Tax resolution services in El Paso, Texas as well as in Las Cruces, NM. We are experienced and affordable and provide discreet services. Put an end to your misery that IRS and state tax can put you through. 

Tax Relief Support Las Cruces

Tax relief is a tax reduction or a tax credit that can be available to a wide variety of people and companies however it is also unavailable in certain situations. Tax relief is important because it lowers your tax bill and this will lessen your burden in paying taxes. Marcus, Fairall, Bristol + Co., PLLC is a CPA firm that has an office at Las Cruces that will assist you in applying for tax relief, making sure which deduction and credits apply for every year. Don’t hesitate to call us and inquire about our service. We will gladly answer your inquiries.

Tax Resolution Experts in Las Cruces, NM

Marcus, Fairall, Bristol + Co., PLLC are experts in tax resolution that you’ve been wanting to work with because we treat our clients professionally and have the analytical skills that are perfect for this job. We have two offices available for clients: One is located in El Paso, TX and the other is in Las Cruces, NM

Tax Resolutions in Las Cruces, NM

If you want to inquire about tax resolution in Las  Cruces, Marcus, Fairall, Bristol + Co., PLLC is a tax resolution firm with certified and licensed professionals that can handle tax resolution issues swiftly.   

If you are an individual or a business owner with outstanding tax balances due and can face penalty charges from the Internal Revenue Services that might start a financial crisis, tax resolution would be the best option for you. Tax resolutions are designed to help taxpayers go through a complicated task of resolving tax problems For tax resolutions, you need the services of a tax resolution firm.

1. How do tax resolution firms work?

Tax resolution firms use an IRS procedure which is known as an offer of compromise in an effort to reduce the client’s tax dues. Tax resolution firms work in a similar way as with the debt settlement business. These firms would claim that their tax experts are former employees of IRS who claim to miraculously reduce your tax liability. 

Tax resolution firm will promise their client to send their experts to the IRS to negotiate on your behalf to persuade the agency to accept a smaller amount as payment, but in reality, this is impossible to do. 

So you can not persuade the agency to accept payment in smaller amounts but instead would perhaps give you an extension of time to pay off your debts. 

2. What's the difference between an exemption, credit, and deduction in taxes?

Tax deductions are your claimed items to reduce your tax liability while exemptions are people you claim to reduce liability such as your dependents Exemptions are relating to people such as your spouse, children, or anyone you claim as your dependent in your tax return. Deductions, however, work in a different manner. Taxpayers who itemize can claim certain expenses as deductions on their tax declaration. Both are used to reduce your tax liability.

However, a tax credit directly reduces the amount of taxes you owe. Most tax credits will not have tax refund checks because it is not refundable. One tax credit that is applicable to many taxpayers is the Earned Income Tax Credit which issues a credit that is based on the number of children you have and the income you get from your employment. 

3. What are the tax filing mistakes I should avoid?

The following are the tax filing mistakes that you should avoid to have updated payments you might be receiving in your taxes.

  • Name change and wrong address 
  • Incorrect bank account numbers
  • Failure to report all your income
  • Incorrect filing status
  • Credits or deductions
  • Unsigned forms

4. How Can I Get a Bigger Tax Refund?

If you want to get a bigger tax refund on the next tax filing season, you can lessen your tax liability to get large refunds by taking advantage of any possible tax breaks. 

  • You can consider your filing status because there are some situations that you can file separately if you are married and this will increase your chance of getting a larger refund. 
  • Claim your credits as some credits may even be refundable
  • For the deductions, always make it a point to decide whether to file it as a standard deduction or itemize. 

5. Will I Pay Less if My Spouse and I File taxes jointly, or separately?

When married couples file their taxes it is almost always filed jointly. However, there are situations where you should consider filing separately. For medical or business-related issues, filing separately reduces your adjusted gross income and increases the deducted amount.

If you’re experiencing frustration with tax resolution, financial fraud, or have accounting questions, reach out to one of our accountants and we’ll make sure you get the best and most relevant information. Contact us if you need a CPA firm in Las Cruces, NM

Have Any Financial Questions?

We’ll answer any and all of your tax, small business accounting, or general accounting questions and ensure you can make the best financial decision(s) possible. If you have any urgent questions please call (915) 775-1040

tax resolution experts in las cruces nm

MARCUS, FAIRALL, BRISTOL + CO., PLLC

230 Thunderbird Dr Ste G, El Paso, TX 79912

Phone: (915) 775- 1040

Full-Service CPA Firm in El Paso

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