How to Recover Unclaimed Tax Credits
Filing taxes is difficult. There is the fear of an IRS Tax Audit and confirming that your taxes are organized, compliant and accurate. Then there is the rush to meet the deadline that at one point seems so far away, but in all actuality it creeps up on you rather quickly. And then, there is the hope that you may receive a credit, and just as equally, the dread that you may owe, a lot. BenefitMall wants to help make your tax season less stressful and identify the tax credits you are indeed eligible for claiming.
BenefitMall has teamed up with TaxBreak, LLC, a comprehensive tax credit recovery service, to bring you the best in receiving your unclaimed tax credits. As we already mentioned, filing taxes is not necessarily a simple task. With so many rules and regulations, certain tax credit opportunities are easy to oversee. Nearly 15% of all new hires miss the chance for tax credits both concerning both federal taxes and state taxes.
Those tax credits include:
- Work Opportunity Tax Credits (WOTC)
- Welfare to Work
- Empowerment Zones
- Renewal Community
- Native American Credits
- Disabled Access Credits
- Employer Social Security Credits.
So how does it work?
This service comes at no cost to BenefitMall’s PowerPayroll and PayLoad clients, unless funds are recovered. Credits can result in dollar-for-dollar reduction of taxes due to the IRS. TaxBreak will carefully review the following with a fine-tooth comb to see if there are any errors, ways to reduce rates and opportunities for lowering expenses.
- Leased space
- Accounts payable
- Real and property tax
- State income tax
- Sales and use tax
- Pharmacy management
- Paid health claims
BenefitMall offers many products available to our benefits and payroll clients. Our objective is to help simplify your job so that you can focus on your business, goals and employees. If TaxBreak is something that interests you, please click here to complete the form on the right-hand side of the screen and an experienced sales representative will contact you shortly.