Duluth/Suwanee/Johns Creek/Lawrenceville CPA: Keeping a Copy of Your Prior Tax Return Can Save You Money

Duluth/Suwanee/Johns Creek/Lawrenceville CPA: Keeping a Copy of Your Prior Tax Return Can Save You Money

Be Quick but Don’t Be in a Hurry. Though the deadline for the timely filing of Personal Returns of rapidly approaching; Be Sure You Do Them Right so you will avoid unnecessary IRS audits, liens, collections, amendments, penalties and interest. The below is a sample letter we might send to a taxpayer to ensure that a proper return is filed reflecting only their lowest legal possible tax, when a taxpayer has indicated that a copy of the prior income tax return is not available:

Are there any roll-forward issues such as a Net Operating Loss, Capital Loss Deductions, State Refunds, State Monies paid with return are a few of the major roll-forward issues, but not all.

The only way to be certain is to have a copy of the prior return or we risk your current return being incorrect for any attendant issues. Please review/advise.

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Duluth/Suwanee/Johns Creek/Lawrenceville CPA: Income Tax Preparation

Duluth/Suwanee/Johns Creek/Lawrenceville CPA: Financial Statements & Bookkeeping

Duluth/Suwanee/Johns Creek/Lawrenceville CPA: IRS Representation, Back Taxes, Offer in Compromise

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