CHRIS COMPTON, EA
Tax Resolution Experts
Essential Tax is your trusted partner for
Tax Resolution and Relief. We're here to represent you through the complexities of the U.S. Tax System, inform you of the rights to which you are entitled, and help resolve your tax problems.
Delinquent on your tax filings? We can get you caught up on your back taxes and bring you into compliance.
We also offer bookkeeping services specifically designed to keep Self-Employed business owners tax compliant, financially informed and Audit-Proof.
What is an Enrolled Agent (EA)?
An Enrolled Agent is a person who is federally licensed to represent taxpayers before the Internal Revenue Service. Enrolled Agent status is the highest credential the IRS awards. EAs, like attorneys and CPAs, have unlimited practice rights; however, an EA's expertise is taxation. We are unrestricted as to which taxpayers we can represent, and what types of tax matters we can handle.
Tax Resolution
Essential Tax offers effective solutions to resolve disputes and keep our clients tax compliant. We represent taxpayers in any and all matters before the IRS including:
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Audits and Tax Disputes
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Back Taxes
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IRS Collections
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Liens and Levies
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Notice of Delinquency
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Passport Revocation
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Penalties
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Wage Garnishments
Tax Relief
If you owe more than $10,000 in tax debt, and notices from the IRS are causing stress and anxiety - WE CAN HELP.
We understand these issues can cause significant stress and hardship. The IRS is the most powerful collection agency in the U.S. - you don't have to face them alone.
Call us today to schedule a free consultation.
How does Tax Relief work?
Tax Relief is a 3-Step Process:
Step 1
Investigation and Analysis
We'll conduct an investigation by pulling your IRS transcripts for a clear picture of your tax situation.
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You'll be invited to our secure online portal, where you'll complete a questionnaire and upload documents needed to complete our analysis.
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Once complete, you'll receive a follow-up consultation and detailed Tax Relief Report with options available to stop collection activities and resolve your
tax problem.
Step 2
The Game Plan
During your follow-up consultation, we’ll discuss the details of our analysis and tax relief options available along with the relevant fees. As you decide to move forward, we’ll develop a strategy based on the option you’ve selected.
Step 3
Representation
We’ll represent you before the IRS, handling the matter on your behalf in order to resolve your tax problem.
What Tax Relief options do I have?
There may be multiple options available to you based on the outcome of our analysis of your tax situation and financial circumstances, such as:
Simple Installment Agreement:
A long-term payment plan that allows you to pay off a tax debt of $50,000 or less in combined tax, penalties, and interest through monthly payments.
Non-Streamlined Installment Agreement (NSIA):
A long-term payment plan used when you cannot pay your tax debt in full immediately and owe more than the threshold for a simple installment agreement, but your financial situation shows you can pay the debt off over time.
Partial Payment Installment Agreement (PPIA):
A payment plan used when you cannot afford to pay your full tax debt before the collection period expires. In a PPIA, you'll make monthly payments based on your ability to pay, rather than the total amount of tax debt owed.
Currently Not Collectible (CNC):
A status granted by the IRS when you can demonstrate genuine financial hardship, proving you are unable to pay anything without sacrificing your ability to cover necessary basic living expenses.
Offer In Compromise (OIC):
An agreement with the IRS to settle your tax debt for less than the total amount owed, intended for your inability to pay your full tax liability or facing financial hardship considering your ability to pay, aiming to accept the highest amount the IRS can realistically collect.
Tax Compliant Bookkeeping
Affordable.
Audit-Proof.
Designed for the Self-Employed.
Essential Tax offers an affordable, Audit-Proof solution for Self-Employed business owners to stay tax compliant, and grow their ventures without the stress of managing their finances.
Self-Employed business owners often face a tough landscape, including self employment taxes, estimated tax payments, 1099 reporting, and heightened scrutiny from tax authorities.
Sorting receipts, filing 1099s for contractors, tracking business mileage, understanding allowable deductions, and preparing for tax season can be overwhelming, diverting valuable time from business growth.
Our bookkeeping service greatly benefits clients by:
SAVING TIME - Tracking your business income and expenses for you will save significant time, allowing you put it into more important things - like growing your business.
BEING INFORMED.
Monthly Profit and Loss statements will keep you informed about the performance of your business. This gives you valuable insights as to what can be improved to operate at its best.
STAYING TAX COMPLIANT.
With 24/7 secure online portal and user friendly mobile app, uploading bank statements and purchase receipts are a snap. You’ll never miss out on business expense deductions again. And because your books are organized, in the event of an audit the documentation you need to substantiate your deductions are readily available.
SAVING MONEY.
Self-Employed business owners could be paying significantly more in taxes if ANY of the following categories are not considered:
Business Use of Your Vehicle
Bank Fees
Contract Labor
Credit Card Processing Fees
Depreciation of Business Assets
Health Insurance Premiums
Home Office Deductions
Purchases of Items Used in the Business
Recurring Expenses to run the Business
Section 179 Expense Deduction
Section 199a (Deduction for Qualifying Business Income)
Utility Bills (if you have a Home Office)
Bookkeeping Service
Includes:
Income and Expense Bookkeeping
Monthly Profit and Loss Statements
Secure Online Portal with
Bank-Level Encryption and Mobile App
Digital Receipt Capture
24/7 Secure Messaging
*Automated Mileage Tracking
*End of Year 1099 Filing
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*Federal and CA State Tax Preparation and E-File with Schedule C,
Self-Employment Income/Loss
*Service fees as low as $150 per month
*Bookkeeping Service
Terms and Conditions:
*Automated mileage tracking includes one (1) vehicle. Add'l vehicles are an additional cost..
*End of year 1099 filing includes up to five (5) contractors. Add'l 1099 filings are an additional cost.
*Federal and CA State tax preparation and efile includes one (1) Federal 1040, one (1) CA State 540, and one (1) Schedule C per client, per year. Add'l fees may be required based on complexity.. Bookkeeping service subscription must be current and active.
*Service fees are $150 per month (recurring) for businesses with annual revenues of under 30k. Service fees are $225 per month (recurring) for businesses with annual revenues between 30k-60k. Service fees are $300 per month (recurring) for businesses with annual revenues of over 60k. New clients are subject to an additional, one-time $300 onboarding fee.
About Chris
An avid runner, hiker and music aficionado from beautiful Big Bear CA, Chris Compton has been involved in the tax and accounting industry since 1997. Having a measure of success as a musician himself, Chris began his tax and accounting career by building customized bookkeeping systems for musicians and talent agencies in the music industry. Later, he worked as a senior tax accountant and CFO in the medical field, designing custom insurance billing and tax compliant accounting systems tailored for their services. In 2019, recognizing a rising demand for tax resolution services, Chris founded Essential Tax and Bookkeeping, driven by his passion for helping taxpayers resolve disputes with tax authorities and ensuring self-employed individuals stay tax compliant and financially informed.
Chris Compton is an Enrolled Agent, a tax professional licensed and empowered by the U.S. Department of the Treasury and is admitted to practice before the Internal Revenue Service. He is also registered with the California Tax Education Council (CTEC ID #A335035), holds the IRS AFSP Record of Completion, and is a member of the National Association of Enrolled Agents (NAEA) and the American Institute of Professional Bookkeepers (AIPB).
Get in Touch
For questions regarding Tax Resolution, Tax Relief, or to learn more about Tax Compliant Bookkeeping for Self-Employed individuals, please complete and submit the form below. We look forward to speaking with you.
Mailing Address:
Essential Tax and Bookkeeping
472 Pine Knot Blvd, UNIT 1713
Big Bear Lake, CA 92315
Office (by appointment only)
Big Bear City, CA 92314
760-668-6676 (call or text)
Essential Tax and Bookkeeping is a licensed, bonded and insured
tax resolution firm.
Registered with the California Tax Education Council (CTEC).
CTEC ID: #A335035
Admitted to Practice Before the IRS.
Member of the National Association of Enrolled Agents (NAEA).
Member of the American Institute of Professional Bookkeepers (AIPB).