In this case, we did not prepare the original tax return for this client.
We saved their client over $20,000
The tax return preparer referred their client to us. IRS wanted a total of $20,832 in taxes and penalties.
We filed a petition with the United States Tax Court in order to find relief for this client. The IRS and the United States Tax Court reduced the income increase from $61,056 to an increase of $578. Their client now owes the IRS $255.00 tax and interest for a decrease in the amount owed of $20,577.