Situation
A new client comes in with three years of prior returns for us to examine for errors. Their accountant of many years had passed away and there was concern that towards the end of his life the returns may not have been done as completely or thoroughly as they could have been.
Work Done
We quickly reviewed the returns and discovered that real estate taxes on their home had been omitted, stock transactions that were at a loss had been omitted, and one of the children had been omitted as a dependent. We filed amended three years of returns with the proper data.
Outcome
We secured several thousand dollars’ worth of refunds for the client.
Situation
A client came to us who had been dealing with IRS correspondence for multiple years tax returns. The problem was that estimated taxes had been applied to the wrong years. The client had attempted to correspond directly with the IRS without success and was feeling overwhelmed by it all.
Work Done
We stepped in as an intermediary with the IRS and resolved the issue over the phone.
Outcome
The client no longer had to endure correspondence with the IRS and as a continuing client, their future estimated taxes were always applied to the correct year.
Situation
Children of a deceased mother came to our office to review their mom’s tax returns for the last few years of her life to make sure everything was in order before closing the estate. When asked for their mom’s previous three years of returns, they didn’t have them.
Work Done
Upon inquiry we found that their moths had not filed returns for the last two years of her life. We stepped in with the IRS and secured a transcript from them which helped us create the last two years tax returns.
Outcome
We secured $60,000. of refunds for her children.