Tax Services

How can Eagle River Professional Tax Services help my business?

Eagle River Professional Tax Services handles a variety of tax matters for clients from tax planning to tax compliance to taxpayer representation before the IRS.  The firm’s owner, Harry B. Carawan III, practices tax law in Alaska under his Virginia law license.

Choice of entity planning is important for small business owners because the Internal Revenue Code taxes businesses according to the form in which they are conducted.  ERAKPROTAX can help you choose how to conduct your business for desired tax results.

Once an enterprise is a going concern, it must remain in compliance with state and federal tax laws.  A business should have a tax attorney it can contact should it have questions about staying in compliance with tax laws or if situations arise that warrants tax planning.  ERAKPROTAX recommends that advice be sought prior to consummating any material transactions so as to enable maximum flexibility for tax planning purposes.

Finally, when an owner is ready to cease involvement in the business, there are several options available. A sale of the business can be arranged, or the business can be dissolved and sold in parts. It is important for a business owner to consider the consequences of whatever course of action he or she decides to take, including the tax effects of the decision.

Harry, an attorney licensed in Virginia since 2004, advises corporations, partnerships, limited liability companies, trusts, S corporations and others on the tax consequences of domestic and international transactions. He also helps high-net worth clients develop tax planning strategies for their international investments, businesses and estates.

Harry’s unique combination of accounting and legal experience makes him particularly qualified to offer a broad range of deep tax expertise to ERAKPROTAX’s clients. Call ERAKPROTAX for a FREE in-office initial consultation with Mr. Carawan at the firm’s Eagle River office. Availability may be limited.

Eagle River Professional Tax Services provides tax planning, tax return preparation, and tax representation services. ERAKPROTAX is equipped to handle virtually all types of tax problems, tax collection matters; non-filed tax return situations; and avoiding, reducing, or abating tax, penalty, and interest assessments.

What services does Eagle River Professional Tax Services offer?  If the word “Tax” is associated with a need or service in any way, Eagle River Professional Tax Services can do it well.  Eagle River Professional Tax Services is equipped to handle just about any tax situation for which you are looking for solutions, including:

  • Income tax consulting
  • Simple and complex tax return preparation (US federal and all states for all years)
  • Unfiled tax returns and other tax delinquencies
  • IRS, Virginia, and other state representation
  • Tax audits & appeals
  • United States Tax Court representation
  • Offers in compromise & installment agreements
  • Estate tax planning
  • Financial planning & business consulting
  • Foreign Investment in Real Property Tax Act
  • 1031 Exchanges
  • Mergers and acquisitions tax planning
  • Succession planning
  • International tax matters
  • Tax collection matters;
  • Reviewing computation of assessments of tax, penalties and interest.
  • Tax Treaty questions

If you are in a situation where you have an outstanding federal or state tax liability, there are many things to consider.

Managing the Collections Process

The Federal and states tax debt collection processes can be managed to secure a favorable outcome for your situation. Possible solutions include correcting prior assessments, amending prior returns, arranging an installment agreements with the IRS and the state tax departments to pay off the liability or to manage the collection process until the statutory time period for collections has expired, having the debt declared not collectible. In certain circumstances an offer in compromise will be accepted by the IRS and most states. Taxpayers should seek consultation with ERAKPROTAX to discuss the best options for their situation.

Eagle River Professional Tax Services has a fully qualified tax attorney on staff to analyze your particular tax and financial situation and to recommend and implement the best solution for your unique circumstances.  Because ERAKPROTAX understand that your tax situation is individual and unique, before the solution of your situation is determined, ERAKPROTAX conducts a comprehensive financial analysis in which ERAKPROTAX obtain the full tax status and history of any problems for the IRS and states involved.

…Your Interests
ERAKPROTAX will develops and discusses all practical solutions with you, and then ERAKPROTAX will recommend the direction for proceeding that appears to best fit your circumstances. It is ERAKPROTAX policy to put decision making in your hands; ERAKPROTAX is committed to fully informing you and then allowing you to ultimately decide which alternative to pursue. ERAKPROTAX also assists you in determining whether it will be you or the firm who will be the main force in implementing the solution.

ERAKPROTAX can assist you or your business with:

Tax Planning:  ERAKPROTAX provides tax consulting services to individuals, trusts, estates and businesses.  ERAKPROTAX can do everything from answering your tax questions to structuring your business to advising on transactions to ensure tax efficiencies are maximized.

Preparation of Tax Returns: ERAKPROTAX prepares taxes from any year and from any state for individuals, corporations, S corporations, partnerships, limited liability companies, non-profits, estates, and trusts.

Unfiled Tax Returns: ERAKPROTAX can assist you in the process of correcting your standing with both the IRS and state tax departments. ERAKPROTAX can help evaluate proposals for management and resolution of tax liabilities.

Tax Offers in Compromise & Installment Payment Plans: Some who possess tax debt may qualify for certain plans designed for those with financial hardships. The IRS defines an Offer in Compromise as an option that “settles the taxpayer’s tax liabilities for less than the full amount owed.” ERAKPROTAX can help you determine whether you qualify for an offer in compromise or for an installment payment plan.

Wage Garnishments and Levies: If you have received notice of a wage garnishment or bank account levy from the IRS or the state, ERAKPROTAX can work to prevent or release the garnishment. In the situation of a garnishment or levy, it is extremely important that an individual takes action quickly in order to avoid unnecessarily losing funds.

Tax Audits: Tax audits can be complicated and intimidating matters. ERAKPROTAX assists clients in gathering correct and necessary information to present to tax auditors in order to resolve tax examinations.

Tax Appeals: If you believe that the IRS has incorrectly assessed your tax liability, ERAKPROTAX can assist you in approaching the IRS to resolve these errors.

Tax Court: If you have disputed an audit and lost an appeal, you may consider filing a petition in tax court. Harry has assisted and represented clients in this process.

Services At A Glance:
  • Tax Planning
  • Preparation of Tax Returns
  • Unfiled Tax Returns
  • Tax Offers in Compromise & Installment Payment Plans
  • Wage Garnishments and Levies
  • Tax Audits
  • Tax Appeals
  • Tax Court