Why Contact CB Tax Accounting?

Minimizing your taxes requires a year round effort. The following events will have an impact on your tax liability. In most cases, proper tax planning can minimize any negative tax consequences. Whenever a situation on this list occurs, call Cecil Buxo, EA. Here are some of the top reasons to contact our office:

  • Buying, selling or exchanging any real property (land or building), including converting your residence to a rental; selling securities.
  • Changing your marital status (marriage, divorce).
  • Adopting a child
  • Changing jobs with an existing 401(k), 403(b) or other plan
  • Contemplating filing for bankruptcy
  • IRS intends to levy your bank account, wages or other financials
  • Your creditor forgave an outstanding debt you owed
  • You received a Form 1099-C showing Cancelled Debt
  • You were forced to foreclose on your property
  • Making gifts to any one person totaling more than $14,000 in any calendar year.
  • Taking out a loan while using your home or other real property as security.
  • Going into business for yourself.
  • Expecting a significant change in your income and/or deductions.
  • You receive correspondence from the IRS or your state taxing authority.
  • Making contributions to or receiving distributions from retirement plans.
  • Making charitable contributions to¬†your favorite church or charity.
  • You incur substantial medical expenses.
  • You started a business and need advice on tax planning.
  • You want to dissolve your business with minimum tax consequences.
  • Receiving an inheritance.
  • Changing jobs or retiring.

These are just a few of the topics we can definitely help you with, but go ahead and give us a call. We are available year round to assist you!

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Pursuant to US Treasury Department Regulations, you are advised that any information and advice, including any attachments and enclosures, may not be used for the purpose of (i) avoiding any tax liabilities and or penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to any other person(s) any tax-related matters addressed herein.