license info: Certified Public Accountant
I'm extremely thrilled for a client we represented in an IRS audit.
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We got the result of the audit back yesterday and what could have resulted in a $43,295 tax assessment got reduced to about $10,207.
That's about $33,088 in tax savings for using a professional to represent his case in an IRS audit.
Looking forward to the 2017 audit result. He's being audited for tax years 2016 and 2017.
If you operate a business, make sure you segregate your business transactions from your personal accounts.
It is extremely important that you open a separate account for your business and keep all personal transactions away from your business accounts.
This client filed a Schedule C return for the audited years and commingled his personal and business transactions.
IRS summoned all his personal bank accounts from the banks and proposed all his personal non-business related deposits MUST be taxable.
Yes, you read right. If you commingled funds, your non-business related deposits could be added to your income and become taxable in an audit.
This audit has been a year-long battle with the IRS and I am extremely pleased with the result. $33k in tax savings is huge for so many small businesses. I can't wait to get the 2017 audit result.
Call today to resolve your tax problems @240.463.9019 or email: firstname.lastname@example.org
Or copy and paste this link to schedule your free consultation call: www.bernicehassancpa.org/calendar
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Past Due Tax Returns
Bernice Hassan CPA
240.463.9019 or email: email@example.com
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post id: 7147625864
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