Duluth/Suwanee/Johns Creek/Lawrenceville CPA: Keeping a Copy of Your Prior Tax Return Can Save You Money
- February 4th, 2013
- John Dillard
- Income Tax Preparation of Corporate & Personal Income Taxes
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