Deininger, Wingfield & Corry, P.A., does not provide ongoing tax preparation or traditional Certified Public Accounting services. A CPA’s client will remain his or her client; we will only provide the specialized services required. Whether a CPA is extremely busy during tax season and needs time to handle matters for other clients, a client’s tax matter requires the protection of the attorney-client privilege, or a CPA needs assistance in determining the best course of action for resolving a client’s tax problem, Deininger, Wingfield & Corry, P.A., can help. Likewise, if a bankruptcy attorney refers a client who has tax liabilities and needs assistance prior to a bankruptcy being filed to discharge the tax liabilities, we will refer the client back to the bankruptcy attorney when it is time to file the bankruptcy proceeding. We do not wish to file the bankruptcy proceeding, but simply make sure that solution is used to the client’s best advantage.
As a law firm, we offer our clients the benefits of the attorney-client privilege, which is something that can become very important in attempting to resolve a client’s tax liability.
We assist in finding the way to best accomplish the long-term goals of the client. We can offer unique planning opportunities for businesses with large tax liabilities that require an intimate knowledge of the tax code and the procedures that may result in a minimum tax liability actually paid. We can help the professional and their clients to realize opportunities to accelerate tax liability in exchange for future deductions against future income.
We understand the intricacies of the Trust Fund Recovery Penalty and how to legitimately dispute the balances claimed due, allocate appropriate payments to minimize the liability, and how to delay collection so other responsible persons must pay the outstanding liability.
We know whether or not to contest an audit or to allow the higher assessment when taxes should be bankrupted, and how to avoid means testing in bankruptcy. Deininger, Wingfield & Corry, P.A., knows that it is important during the audit process to realize if a taxpayer has a potentially bigger problem, including collection and/or criminal issues.
Deininger, Wingfield & Corry, P.A., knows how to best utilize the Installment Agreement, Offer in Compromise and CDP processes to the client’s best benefit in anticipating the use of a bankruptcy to ultimately discharge a tax liability. We understand how to discharge taxes in bankruptcy, and how to use this tool to the client’s advantage.
Although the Internal Revenue Service and Arkansas Department of Finance & Administration are not permitted to refer taxpayers to specific attorneys and/or CPAs, we have been flattered by referrals of family members and close friends of IRS and DF&A employees, who tell us they will not reveal the names of the referring IRS and/or DF&A employees.