All transactions entered into QuickBooks Assign all transactions to the appropriate income and expense accounts Reconciliation of Bank Statements: Your bank statements can be emailed directly to R & R Tax and Bookkeeping for reconciliation. Financial Statements: R & R and Associates will provide monthly financial statements for your review as part of our basic bookkeeping services packages: Profit & Loss Balance Sheet Bank Reconciliation Summary General Ledger Year End Reports for your Accountant: We will provide your accountant with the information they need to quickly and inexpensively prepare your taxes Bank Reconciliation Detail Trail Balance Cash Disbursements Journal Cash Receipts Journal 1 hr with bookkeeper or tax advisor monthly Up to 124 Transactions

All Silver features plus: A/R Aging Summary Collections Report Accounts Payable: We prepare your checks for signature and send them to you to sign and mail out Accounts Receivable: R&R will invoice your customers and manage collection as necessary. R&R can receive your payments and deposit them directly into your bank account Assist with Cash Management: We will prepare collection letters for you to sign and send to your customers, and we will Make sure your bills are paid on time, but no earlier than necessary Vendor and Customer Files: We will maintain vendor and customer files for all those you do business with Cash Flow Forecast 1.5 hr with bookkeeper or tax advisor monthly Up To 199 Transactions

All Gold features plus: Profits & Loss Budget Performance Payroll Summary. Journal Entries Entered Monthly Sales Graph Monthly Income and Expenses Graph Monthly Budget vs. Actual Graph Monthly Net Worth Graph Monthly Aging A/R Graph Custom-Designed Reports: We will prepare custom-designed reports that provide you with the information you need to manage your business better Some reports we can provide include: Budget vs. Actual: We can provide you with a monthly budget vs. actual report so you can see how you are doing against your projections. Customer Reports: We can provide reports to help you identify your most and least profitable customers Breakout of Expenses. Rolling Forecast Employee Reports 2 hrs with tax advisor or bookkeeper monthly 200 + Transactions

With the R&R University Income Tax Course, you can learn how to prepare taxes like a pro. Go to disclaimer for more details. Classes are offered in our Virtual Classroom that can be accessed from the privacy of your own home. Your tax preparation career starts here.

Filing Requirements Qualifying Dependents & Support Wages & Income Interest & Dividend Income Capital Assets Deductions & Credits Itemized Deductions Self-Employment Income Depreciation Penalties & Amended Returns Retirement Contributions & Distributions Tax Planning State Fundamentals

The course comprises 60 hours of instruction, featuring instructor-led online training and practice sessions. The amount of homework outside of class will vary for each student. The introductory tax preparation course begins with fundamental tax theory, with concepts that build progressively. Students are encouraged to engage actively in classroom discussions to grasp concepts and ideas early on. Any issues with foundational topics should be resolved before advancing to subsequent topics. Basic computer skills and reliable internet access are essential.

Individual sessions (beginning and advanced) are $199. If purchasing both sessions, the cost is $349. Course materials are offered for free via an e-book download. The printed course materials are available for an additional $25 plus tax if applicable.

Course materials are offered for free via an e-book download. The printed course materials are available for an additional $25 (per course) plus tax if applicable.

Classes meet twice per week for 3 hours.

Session 1 (Beginner / Intermediate) begins Aug 27, 2024, and ends Oct 10, 2024. Session 2 (Advanced) begins Oct 15, 2024, and ends Nov 21, 2024.

Classes are held from 6:00 pm to 9:00 pm central standard time to allow participants to work around their daytime work schedules.

Classes are held on weekday evenings twice a week. All classes are held in the Virtual Classroom and will be recorded. Students will have access to class recordings that may have been missed during the course of the instruction.

Our general attendance policy requires that participants do not miss or fail to complete more than 8 hours of any sessions.

Enrollment is allowed up to and including the first week of class. Once the class has met three times, it is no longer possible to meet the attendance requirements, and registration at that time will not be allowed.

Session 1 covers basic tax preparation and gives you the foundation needed to prepare a tax return. Session 2 covers more advanced tax topics and areas of special interest.

Sorry, no credit is offered for previous education or training.

No, a college degree is not required to complete either course.

You must be at least 18 years of age at the time of enrollment in R&R University.

A student must successfully complete the course and pass the final exam with a score of 80% or greater to be eligible to apply for a position as a tax pro with R&R and Associates.

An IRS levy is a legal seizure of your property to satisfy a tax debt. It can include garnishing wages, freezing bank accounts, or seizing assets.

The exact time frame depends on the specific situation, but here's a breakdown: There is a 21-day window: For a bank levy, the bank must hold your funds for 21 days before sending them to the IRS. This provides a critical window to contact the IRS and resolve the issue.

If you haven't filed a federal tax return in years, it's a serious matter, but it's not too late to take action and get back on track. Here's a breakdown of what to expect: · Penalties and Interest · Loss of Refunds and Credits · Substitute for Return (SFR) · Collection Actions · Potential Legal Issues

Yes, you can amend taxes from multiple years, but you need to file a separate Form 1040-X for each year you want to amend

Yes, we can intervene to potentially stop or reduce wage garnishments and help negotiate with the IRS.

Typically, the IRS takes 8–12 weeks to process amended returns, but timelines can vary.

There’s no penalty for filing an amendment, but it's important to do it correctly and as soon as errors are discovered.

Bring any IRS letters, tax returns, notices of levy or garnishment, and proof of income or hardship.

Possibly. Through programs like Offer in Compromise, you may qualify to settle for less, depending on your financial situation.

Yes, you’ll receive written confirmation once the levy is released

We offer a free consultation to assess your situation and determine the best resolution strategy.

Yes, we offer flexible payment plans to make getting help affordable and accessible.

Absolutely. Your privacy and trust are critical—we maintain full confidentiality with all client information.