Knott, Richartz & Co., CPAs, PLLC provides a wide range of services to individuals and businesses in a variety of industries. At Knott, Richartz & Co., CPAs, PLLC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:

Tax Preparation

Preparing your own income tax return can be a task that leaves you with more questions than answers. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.

With Knott, Richartz & Co., CPA's, PLLC your tax return will be checked and rechecked by our experienced staff of professionals. In addition, our computer software assists in identifying potential problems and reviews the math to limit unnecessary IRS contact. Your tax return will be filed electronically so you will receive your refund quicker.

If you own a small business and haven't kept up your bookkeeping, we can assist you with that as well. We'll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year for when you bring in your records to have your return prepared.

Litigation Support and Forensic Accounting

Knott, Richartz & Co., CPAs, PLLC litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, and business and marital dissolutions. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line. Once the analysis is completed and a report of findings is prepared when necessary, we also provide expert witness services to testify to our findings. We have the courtroom experience necessary to provide objective, independent and impartial testimony on the subject at hand.

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Knott, Richartz & Co., CPAs, PLLC can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

Audit Representation before the IRS and State Taxing Authorities

Clients find us through a multiple of avenues. They are often referred to us by word of mouth from other individuals, businesses, law firms, or other certified public accountants we have helped over the years. In our practice we have found that many accounting firms are not comfortable dealing with federal and state taxing authorities. They also want to be sure their clients are in the best hands when being audited by the IRS and State Department of Taxation. These firms will refer the representation of their clients to our firm. There is a trust relationship between our firm and theirs. It is always understood that these clients will remain with the firm that referred them to us. We have never taken a client from another firm at the conclusion of an audit.

Representation before the IRS and State Appellate Division

There are times when audits cannot be resolved at the agent level requiring an appeal of the agents findings. Collection actions by the IRS resulting in the imposition of tax liens and levies are often appealed to prevent the seizure of client assets until a satisfactory resolution of the matter can be attained. We specialize in the handling of these types of matters.

Abatements of Assessments of Taxes and Penalties

The IRS and States assess penalties for a variety of reasons. The imposition of these penalties oftentimes does not consider that the client may have reasonable cause for the non-imposition of these penalties. Our firm will gather the facts and when warranted will appeal these penalties often saving our clients thousands of dollars.

Collection Cases and Installment Payment Agreements

When money is owed to the IRS or State there are various options for repayment. Our goal is to assist clients with getting a fair monthly repayment amount that will enable them to carry on with their lives. In some cases we recommend the client make an Offer in Compromise for an amount less than the balance due the government. Regardless of the approach taken, the objective is to resolve the problem in the best interests of our clients in the most cost efficient manner.

Innocent Spouse Claims

Most often married couples file their tax returns jointly. However with the divorce rate in excess of 50% and many spouses maintaining separate business and personal finances, tax controversies will often arise between these parties in a divorce situation. Furthermore, an IRS or State audit may bring to light tax issues arising out of the financial misconduct of either of the spouses. In that case, the IRS provides Innocent Spouse relief to the party who had limited or no responsibility for the additional taxes assessed upon audit. Our firm has been successful representing clients and resolving Innocent Spouse Claims.

Representation of Non-Filers

Clients who fall behind in filing and paying their taxes often would like to get back into compliance but fear dealing with the IRS and the possible repercussions of not filing. The services we provide will allay many of these clients concerns. By coming forward voluntarily and acting in good faith we can arrange for the preparation and filing of back tax returns.

Representation in Criminal Tax Cases

Practice before the IRS Criminal Tax Division is unlike any other type of criminal prosecution case. Our services are directed toward our clients immediately obtaining the best legal counsel available to represent them before the IRS Criminal Investigation Division. We then assist their attorney to provide support services to ensure that their rights are protected during the investigative process and throughout the trial phase of the case.

Financial Planning

For information on the availability of business and personal investment advisory services, please visit

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Knott, Richartz & Co., CPAs, PLLC
1430 Commonwealth Drive, Suite 200, Wilmington, NC 28403
T: 910-509-3806 F: 910-509-3805 E:
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