Disclaimer: With regard to references to specific case results, each legal matter depends on a variety of factors unique to each case. Past case results to not guarantee or predict a similar result in any future case.
Filing Back Returns:
Ray had been too busy to file tax returns and was surprised when the IRS sent him a notice saying he owed $16,453. This wake-up call prompted action and just by filing, which entitled him to itemize his deductions, he was able to claim refunds in excess of $10,233. Quite a Reversal!
Release of Garnishment:
The IRS was garnishing Greg’s wages because he owed $7, 340 in taxes, making it tough to get by. Greg was depressed and afraid he would lose his job. By applying for a hardship exemption, the IRS agreed to release the garnishment. One year later, Greg’s financial condition improved and he agreed to make voluntary payments to the IRS on his terms. What a difference a year makes!
Norma’s tax return was selected for Audit and she wasn’t sure whether to consent to the proposed assessment of $13,545 or fight. By recategorizing some of her deductions disallowed by the IRS on Schedule C to Schedule A, she was able to save $4,345 in taxes and avoid hefty penalties. She was glad she called!
CP 2000 Notice:
Rita received an IRS notice in the mail because she failed to include an IRA distribution on her return, resulting in taxes and penalties of $7,234. By taking advantage of a provision in the law that exempts the early IRA distribution from tax, she was able to save $2,310. She was glad she emailed me!