From West Palm Beach
A few weeks ago we were contacted by an elderly lady from West Palm Beach who had a tax issue. She had just received a “scary” letter from the IRS, and her sister encouraged her to call us for help.
For many years this lady had been using the same CPA Firm to prepare her tax returns, so she never expected a problem. Then one day she received a letter from the IRS saying she owed about $30,000 from from a prior year tax return. The CPA who had prepared the tax return looked at the letter and told her she should pay it, that the IRS was “probably” correct and it would just be a waste of time to fight the IRS. (He didn't care, is wasn't his money.)
She sent us a copy of the letter she received from the IRS, a copy of her tax return, and all of the documents used to prepare the tax return. While doing a quick review we noticed a couple things that needed a little more “digging.” After talking further with the lady and getting more facts, we prepared an amended tax return along with a letter of explanation and sent the amended tax return to the IRS.
A few weeks later we received another letter from the IRS. They accepted all of the changes we made, and this brought the tax she owed down from the $30,000 to $11,000; so, a savings of $19,000.
Whether you have a tax problem or not, please consider having us prepare your tax return this year. We will do it right the first time – and our fees among the lowest you will find anywhere. And, if you do encounter a tax issue and get an IRS notice, don’t wait, call us immediately. Tax problems do not go away and do not take care of themselves; they only get worse with age.
For many years this lady had been using the same CPA Firm to prepare her tax returns, so she never expected a problem. Then one day she received a letter from the IRS saying she owed about $30,000 from from a prior year tax return. The CPA who had prepared the tax return looked at the letter and told her she should pay it, that the IRS was “probably” correct and it would just be a waste of time to fight the IRS. (He didn't care, is wasn't his money.)
She sent us a copy of the letter she received from the IRS, a copy of her tax return, and all of the documents used to prepare the tax return. While doing a quick review we noticed a couple things that needed a little more “digging.” After talking further with the lady and getting more facts, we prepared an amended tax return along with a letter of explanation and sent the amended tax return to the IRS.
A few weeks later we received another letter from the IRS. They accepted all of the changes we made, and this brought the tax she owed down from the $30,000 to $11,000; so, a savings of $19,000.
Whether you have a tax problem or not, please consider having us prepare your tax return this year. We will do it right the first time – and our fees among the lowest you will find anywhere. And, if you do encounter a tax issue and get an IRS notice, don’t wait, call us immediately. Tax problems do not go away and do not take care of themselves; they only get worse with age.
From Clearwater, FL
Several months ago a couple came to us with a letter they had received from the IRS regarding a tax return filed a couple of years ago. The letter said after reviewing the tax return, the IRS had "disallowed" nearly all of the deductions they had claimed, and as a result, the IRS had determined that this couple owed additional tax of $31,617, plus penalties of $8,630 and interest of $2,902 for a total of $43,149.
The tax return was a little complicated and the man had prepared the tax return himself in order to save a few dollars.
We took his documentation, organized the documents by category, and then numbered and labeled each document, which came to nearly 100 pages. We then prepared a summary sheet explaining each document and why we believed each deduction was legitimate and justified. Then we wrote a short, concise cover letter, explaining what was included in the package, how we organized the documents, and our reason for requesting that the IRS take another look at the tax return.
A few weeks later we received another letter from the IRS saying they had reviewed the information we sent and they accepted our reasoning. The letter said because of the information we sent, the couple now owes no additional tax, and all penalties and interest have been removed......this couple was unbelievably happy that we got the entire amount, tax, penalties, and interest, reversed. We believe we have a new client for life!!
Always use an Enrolled Agent, a tax professional licensed by the IRS, to prepare your tax return. If this couple had used us to prepare their tax return, they likely would have avoided the months of stress, worry, and sleepless nights after receiving a notice from the IRS saying they owed $43,149.
If you or someone you know is having an issue with the IRS, is late in filing prior year tax returns, or just needs someone to prepare their tax return, please call us at Florida Tax Resolution LLC, at 727-535-0450.
Helping people with tax issues is what we do!
The tax return was a little complicated and the man had prepared the tax return himself in order to save a few dollars.
We took his documentation, organized the documents by category, and then numbered and labeled each document, which came to nearly 100 pages. We then prepared a summary sheet explaining each document and why we believed each deduction was legitimate and justified. Then we wrote a short, concise cover letter, explaining what was included in the package, how we organized the documents, and our reason for requesting that the IRS take another look at the tax return.
A few weeks later we received another letter from the IRS saying they had reviewed the information we sent and they accepted our reasoning. The letter said because of the information we sent, the couple now owes no additional tax, and all penalties and interest have been removed......this couple was unbelievably happy that we got the entire amount, tax, penalties, and interest, reversed. We believe we have a new client for life!!
Always use an Enrolled Agent, a tax professional licensed by the IRS, to prepare your tax return. If this couple had used us to prepare their tax return, they likely would have avoided the months of stress, worry, and sleepless nights after receiving a notice from the IRS saying they owed $43,149.
If you or someone you know is having an issue with the IRS, is late in filing prior year tax returns, or just needs someone to prepare their tax return, please call us at Florida Tax Resolution LLC, at 727-535-0450.
Helping people with tax issues is what we do!