Duluth/Gwinnett CPA: Personal Returns Are Due October 15th.

Be Sure You Do Them Right

Though Personal Returns Are Due October 15th; 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 critiquing the data they originally forwarded to ensure that a proper return is filed reflecting only their lowest legal possible tax:

For your returns I need:

For Your Personal Income Tax Return

Your daughter’s birth-date

Any Interest Income, Dividends, Capital Gains/Stock/Investment Sales

Property or cash contributions to Charity

Mortgage Interest

Property Taxes on personal cars

For your Corporate Return

What/How much is medical insurance premiums.

Although You did forward the amortization schedules they are not posted current nor were all payments listed for the three notes in the auto expense categories. Please get to me confirmation from the bank what the debt the company owes at 12/31/09.

Find a CPA who is not transaction oriented. Anyone can do what you ask or perhaps even file your returns for a few years while striving to keep your tax bill as low as legally possible. You will want to find a CPA whose ambition matches that of your own including your zeal and temperament and one who is a forward thinker. His practice and focus should be forward thinking and insightful, while consistently giving advice focusing on the future of your business and not solely an interpreter of its past. No CPA can change what has already transpired but a wise and sage CPA can help you and your business avoid pitfalls which will befall you otherwise. A CPA can help strengthen your management team, if used wisely and often, and can help guide you through many of business most thought provoking issues while offering counsel to both maximize your time and efforts.

John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.hiscpa.com/ 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/Gwinnett CPA: Personal Returns Are Due 10-15-13

Be Sure You Do Them Right

Though Personal Returns Are Due 10-15-13; 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:

Before you mail the data please make the below changes to the spreadsheet you forwarded and then resend to me.

For the spreadsheet:

Please list your total revenue for your LLC on the Profit and Loss Statement.

Please set up a separate category for fixed assets and put all individual purchases of items over $1000 each (such as office chairs, computers etc.) in that category.

If the amount you list as a deposit has not yet been earned by the payee, please take it off your profit and loss schedule as it would still be an asset for your business and not deductible until/if the monies are earned by the payee.

Take prescriptions off the recap of your LLC data, as they are personal, but be sure to list the total in the items that you forward for your personal return.

Please separate out Meals & Entertainment and set up a separate account for them.

For your medical insurance please list the total paid for both you and your family out of your LLC.

Please forward me everyone in your families birth-date.

Please do not hesitate to call might you have any questions.

John Dillard, CPA of His CPA, PC (An Atlanta CPA firm) 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.hiscpa.com/ To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304

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.

Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!

Atlanta CPA Saves Metro Atlanta Client $120,000 in Payroll Tax Penalties

One of the tax cases we personally handled involved an Atlanta Based client who had not paid almost three years of payroll tax returns, specifically IRS Forms 940 and Form 941.During this time the company collected but did not remit to the IRS the Federal Withholding Taxes, FICA, and Medicaid taxes. Also the company did not pay the matching taxes due as well as the Federal Unemployment taxes due and payable. For payroll taxes due and payable at the corporate level the IRS and Georgia both take a very dim view of business owners who will take and withhold taxes from their employees and then not remit these monies over to the taxing authorities.

Failure to pay to the Internal Revenue Service or to Georgia withheld payroll taxes is essentially the violation of the trust and responsibility to fulfill their fiduciary responsibility. To these end both the IRS and Georgia can assess a 100% Liability to all responsible business officers, owners and check signors who were responsible for and failed to remit to taxing authorities monies withheld from an employee’s paycheck. This is commonly referred to as the 100% Penalty. Having been an Atlanta CPA for decades, this is one area where I have personally witnessed several companies fall into “a financial abyss.”

However there is hope. There are three primary options when you get behind in your taxes to work with the IRS to resolve them including getting on an Installment Plan, Submitting an Offer in Compromise or paying the tax and interest in full while asking for abatement of the penalties. In the above referred to case the IRS had assessed approximately $210,000 of taxes, $12,000 of interest and $120,000 of penalties. By working closely with our client they were able to source funds from other sources to pay the taxes and interest in full, while asking that the IRS abate the $120,000 of assessed penalties. Though the case took several more months of work and negotiation than anticipated and we had to involve the Atlanta Taxpayer Advocate Office/Service, we were ultimately successful in saving the client $120,000 of penalties. To read more about the IRS and how best to deal with “taxing issues” take a look at these articles:

Surviving an IRS Audit

How Audits are Selected
Learning about how audits are selected is the first step to discovering how to overcome the emotional and financial distress that normally occurs as part of the audit process. Lifting this veil will help keep you on an even keel in learning how to deal with the IRS audit. http://www.hiscpa.com/irs-selection.html

When the IRS Notice Arrives
Rather than beginning the process in fear, discover how you can better prepare yourself so that you are not surprised at the audit process and its ultimate results. By seeing through to the other side you can best ready yourself to close your audit with no adjustments and no additional monies due. http://www.hiscpa.com/irs-audit.html

Working with the IRS

Solving IRS Tax Issues
Don’t fight the IRS but work with them to resolve your tax problems. Discover a myriad of legal ways the IRS is eager and willing to work with you to resolve any unpaid debts, penalties, and interest. http://www.hiscpa.com/working-with-the-irs.html

Paying Your Taxes – Withholding and Extensions
Paying your taxes made easy. This section will enable you to quickly grasp the general guidelines of tax law requiring that you pay taxes as you earn money. As well, extensions and their uses and limitations are disclosed and discovered. http://www.hiscpa.com/paying-taxes.html

How to Avoid an IRS Audit
Discover simple steps that you can do to help prevent an IRS audit. Though the tax code is at times very difficult to understand and comply, these basic simple steps will help you avoid an IRS audit. http://www.hiscpa.com/avoiding-audits.html

Solving IRS Tax Problems: Submitting an Offer in Compromise
When all else fails and if you qualify, the IRS and Georgia both have a program which will enable you to work to solve the severest tax problems. http://www.hiscpa.com/offer-in-compromise.html

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Offering Corporate and Personal Income Tax Returns, Offer in Compromise, Tax Advocacy, Tax Mitigation and Tax Compliance, Back Taxes, IRS Representation, IRS Appeals, IRS Collections, IRS Installment Plans & IRS Wage Levies

Lawrenceville/Snellville/Norcross CPA on Keeping Your Tax Returns Simple

Pay Only Your Lowest Legal Possible Tax

The first page of Form 1040 is used to calculate the taxpayer’s adjusted gross income. While many people think of their income as what is reported on form W-2, there are some other additions (and possibly some deductions) that have to be made as well. Itemizing deductions on your personal return can result in paying a smaller tax. However the rules on what can be deducted and what can’t are fairly strict. Using a guide/CPA and a tax checklist are your first step to ensuring that an accurate fair and just return and to ensure that you pay only your lowest legal possible tax. Below is letter we might utilize to help a client ensure their returns are both complete and correct:

To complete your return I need for you to use the tax form I have on the contact page of my website to reflect your corporate data and make the below changes.

You did not show the $40K of Gross Wages on your recap that is on your personal W-2.

You did not show the beginning checkbook balance off of last year’s tax return of $7,000.

Please be sure to show your year-end checkbook balance while being sure that deposits plus beginning cash less expenditures equals the year end checkbook balance.

Please list the Tax you paid if payroll taxes as payroll taxes, otherwise please identify as to what it is.

Please put bank charges into office supplies. Keeping your chart of accounts current, up to date and usable are essential to good business & tax management.

There is no need to give me totals by individual month, just the totals for the year.

ASAP after I get the above I will complete the returns.

Please note I still need your husband’s W-2′s and copies of your cash contributions/tithing statements.

Personal Income Tax Returns 101: Understanding the Basics

Top Mistakes Taxpayers Make
Avoidance of these common mistakes will greatly assist you in the proper preparation of your tax return, will help you avoid unnecessary IRS tax penalties and interest, and help you keep your tax bill as low as legally possible. See http://www.hiscpa.com/tax-top-ten.html

Determining Filing Status and Dependents
The first step in filing your personal Federal tax return is to determine your correct filing status and the number of deductions you can claim. It sounds simple, but it can make a difference in the amount of tax you pay. Visit http://www.hiscpa.com/personal-returns.html

Determining Your Adjusted Gross Income (AGI)
The first page of Form 1040 is used to calculate the taxpayer’s adjusted gross income. While many people think of their income as what is reported on form W-2, there are some other additions (and possibly some deductions) that have to be made as well. See http://www.hiscpa.com/agi.html

Claiming Itemized Deductions on Your Tax Return
Itemizing deductions on your personal return can result in paying a smaller tax. However the rules on what can be deducted and what can’t are fairly strict. Use this guide to determine what’s deductible. See http://www.hiscpa.com/itemized-deductions.html

How Long Should I Save Tax Records?
Lift up the veil and discover how long and what types of records you should retain and for how long are often the point of consternation for many taxpayers. Learn what you need to keep so that you are never unduly surprised if ever asked to reproduce documents. Visit http://www.hiscpa.com/tax-records.html

John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.hiscpa.com/ To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304

His CPA PC…A Christian Atlanta CPA Firm: Never Underestimate the Long-Term Benefits

Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!

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, Offer in Compromise, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Duluth/Suwanee CPA: Setting up an Installment Plan with the IRS and Recording Internal Data/ Bookkeeping Issues

Attached is a recent note we received from a potential client However, extreme caution should be exercised by taxpayers to ensure that they retain the services of a CPA who is experienced with tax representation issues and matters.

Thanks John. I enjoyed hearing what you had to say. I am definitely looking forward to getting some order in my business and life. I know I am in for a tough road in the beginning because of my disobedience but I believe I can get through it by God’s grace and your help.

I will work on getting together those things you asked me such as my latest return, my first few months bank statements and checkbooks, and my QuickBooks downloaded to my laptop. I will plan on giving you a call the week.

Also, I wanted to ask you another question. I told you I had filed my prior tax return but I hadn’t paid anything yet. I filed it before the October 15th deadline this year after an extension but didn’t pay anything unfortunately. I was going to set up a payment plan like I did the last time I owed. They sent me a letter saying it was due Dec. 1st. I didn’t set up a payment plan when I filed because I knew I wanted to talk to you first. Can you guide me in this when I see you or do I need to call them and set something up before I meet with you? Thanks,

Below is our response:

I will be happy to help.

I suggest you call the IRS and tell them you are going to retain me and the date and request they extend your time to respond for thirty and that we work to ASAP address this return as well as your 2009 tax issues. Time is the enemy in dealing with IRS Representation issues so if you can get with me ASAP we can plan the best course of action tailored to your particular circumstance.

To learn more about IRS Representation issues see:

How Audits are Selected
Learning about how audits are selected is the first step to discovering how to overcome the emotional and financial distress that normally occurs as part of the audit process. Lifting this veil will help keep you on an even keel in learning how to deal with the IRS audit. Visit http://www.hiscpa.com/irs-selection.html

When the IRS Notice Arrives
Rather than beginning the process in fear, discover how you can better prepare yourself so that you are not surprised at the audit process and its ultimate results. By seeing through to the other side you can best ready yourself to close your audit with no adjustments and no additional monies due. See http://www.hiscpa.com/irs-audit.html

Solving Atlanta IRS Tax Issues
Don’t fight the IRS but work with them to resolve your tax problems. Discover a myriad of legal ways the IRS is eager and willing to work with you to resolve any unpaid debts, penalties, and interest. To learn more http://www.hiscpa.com/working-with-the-irs.html

Paying Your Taxes – Withholding & Extensions for Metro Atlanta Taxpayers
Paying your taxes made easy. This section will enable you to quickly grasp the general guidelines of tax law requiring that you pay taxes as you earn money. As well, extensions and their uses and limitations are disclosed and discovered. Visit http://www.hiscpa.com/paying-taxes.html

How to Avoid an IRS Audit for Atlanta Taxpayers
Discover simple steps that you can do to help prevent an IRS audit. Though the tax code is at times very difficult to understand and comply, these basic simple steps will help you avoid an IRS audit. See http://www.hiscpa.com/avoiding-audits.html

Solving IRS Tax Problems: Submitting an Georgia Offer in Compromise
When all else fails and if you qualify, the IRS and Georgia both have a program which will enable you to work to solve the severest tax problems. Visit http://www.hiscpa.com/offer-in-compromise.html

Utilizing IRS Installment Plans for Metro Atlanta Taxpayers to Pay Your Past Due Taxes
The IRS has long been in the business of helping taxpayers get back into the system to ensure that taxpayers are able to pay their taxes over time. For those who do not qualify for an Offer in Compromise or to pay the taxes and interest in full, while seeking penalty abatement, an Installment Plan is a prudent and wise choice and alternative to get your past taxes due paid and current. See http://www.hiscpa.com/installment-plans.html

John Dillard is an Christian Speaker/Author and Certified Public Accountant in Duluth, GA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11′s: Job’s Journey and a Voice of One: Nehemiah’s Prayer or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!

Contact HIS CPA PC (A Christian CPA Firm) today.

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, Offer in Compromise, Back Taxes, Bookkeeping.

Atlanta CPA Shows How to Resolve IRS Back Tax Issues

IRS rules are set out to assist those who are attempting to comply and to encourage all of us, either willingly or not, to file and pay our just and fair taxes. Tax laws, though complicated to the lay person, are often confusing. A CPA can help people navigate through the tax maze by making the complicated easier to understand. By seeking and following the advice of a trusted professional we are able to comply with tax law with the least amount of pain and aggravation. By not filing returns, not paying amounts owed when due, and attempting to tackle complex tax issues, we do not have the skill or wisdom to adequately address, many fall prey to our general inability to understand all of the nuances involved. A Good CPA can help address and solve tax issues.

Tax Problems

The best first issue is to review the reasons for the assessment. Many times during this process it is discovered that it is not a payment issue but the original returns filed need to be amended. After the determination of a just and fair tax, one can begin to adequately assess and make arrangements for the monies due. Great care should also be taken during this time to ensure that all payments and credits have been properly applied to the balance owed

Trust Fund Monies

In the event your business has employees or collects sales tax, the monies withheld from payroll and sales taxes collected are technically withheld “in trust.” As such they have legal exposure to both the company for payment, as well as those personally responsible parties who knew about and controlled such payments. A responsible party is generally defined as those who were most/responsible for payments that would well extend to check signers, accounts payable, officers, and financial staff. This assessment is for one personally who collected trust monies which they unduly did not remit to the appropriate taxing/legal authority. As these monies are withheld in trust, they do not belong to the company/business. Both the IRS and individual states take a very dim and stern view of all those who unduly use their money. A 100% penalty may be assessed to the responsible parties making them personally responsible for any collected and unpaid trust fund monies.

If a business is not able to pay its staff payroll taxes/remit collected sales taxes as due, it is a clear warning side that the business model is upside down. Though most times it would indicate that the margins of a business are not adequate to support the business’ present staffing levels and overhead, it could also be an indicator that the business is not properly leveraged/financed.

Installment Agreements

The IRS will work with taxpayers to pay the monies owed over time. This option requires the taxpayer to file a form requesting that a specified amount be paid monthly over time. The IRS then has to accept the plan prior to it becoming effective. Though this is a practical way to address a larger balance over time it does not stop the assessment of penalties and interest which will continue to accrue until all monies are paid in full. Thus, it is most advantageous to consider procuring the funds from other sources as these finance/carrying charges are usually much less than that of the Internal Revenue Service.

Failure to File Penalties

Failure to File Penalties are assessed in addition to normal penalties and interest for those who do not make their payment and filings on a timely basis. Please be reminded that an extension does not allow a taxpayer to pay at a later date, as income taxes are generally due and payable as they are earned. However, a situation is greatly exasperated when a taxpayer does not file their taxes on a timely basis. Thus it is financially most advantageous to file a return even if a taxpayer does not have the monies to pay a return as the monies become due.

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Suwanee, Lawrenceville, Snellville, Lilburn, Duluth, Norcross, Peachtree Corners, Atlanta, Gwinnett, Johns Creek, Roswell, Forsyth, Flowery Branch, Buford, Dunwoody, Grayson, Alpharetta, Roswell, Sandy Springs & Tucker as a Faith Based CPA

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Offering Corporate and Personal Income Tax Returns, Offer in Compromise, Tax Advocacy, Tax Mitigation and Tax Compliance, Back Taxes, IRS Representation, IRS Appeals, IRS Collections, IRS Installment Plans & IRS Wage Levies

Atlanta CPA: Addressing Back Taxes for Atlanta Taxpayers

The first thing we look to do when we meet with a client is to work to get their old back taxes filed. As soon as the back taxes are filed and we have worked with the taxpayer to ensure their present tax obligations are current. Then we can begin to address working with the taxpayer and the IRS to see what can be done to either pay the taxes and interest in full, while requesting penalty abatement by showing/proving reasonable cause as to why returns/taxes were late paid. Frequently this winds up being the best obligation as many/most taxpayers do not qualify to have an Offer in Compromise accepted as the process is much more involved and restricted. However we have great success at both.

How to Submit an Offer in Compromise: Which Tax Forms to Use

If you have a large tax bill owed to either the IRS or Georgia, there is a tax process called the Offer in Compromise which may be well suited to help you get beyond the mountain of tax debt and to negotiate a fair and just settlement with the IRS. The process requires you to be current on all of your tax filings and payments, thus the Internal Revenue Service or Georgia will first need to be able to verify that all of your respective corporate and personal income taxes, payroll taxes, and sales tax reports have been appropriately filed. If you are a corporate taxpayer or have been a proprietorship and have a payroll, the IRS will need to be able to ascertain and confirm that you are current on these payments and filings as well. If you are doing an Offer in Compromise to the state of Georgia then having your payroll reports, income taxes and payments current as well as any applicable sales tax reports will also be a pre-requisite to submitting an Offer.

Submission of an Offer in Compromise. Filing of the Offer Form (Form 656), the Collection Information Statement for Wage Earners and Self-Employed Individuals (Form 433-A), and the Collection Information Statement for Businesses (Form 433B) are the core paperwork to be initially submitted with the Offer in Compromise. Attendant with this filing is wide host of required documentation which needs to be submitted with the Offer to validate the deductions claimed.

Form 656: Offer in Compromise. This form is the actual Offer itself. The Offer when submitted to the Internal Revenue Service needs to include a check for $150 along with a check for at least twenty percent of the amount you are proposing to settle your total outstanding taxes. On the Form you will also indicate how the balance of the monies will be paid after an Offer in Compromise is accepted. Generally the best option is to pay the balance within thirty days of acceptance of the Offer, although by law the IRS can extend a payment schedule for up to two years.

Form 433A: The Collection Information Statement for Wage Earners and Self-Employed Individuals. This form is used by all taxpayers who are filing an Offer in Compromise for tax monies, which they personally owe. Accordingly for all those who receive a paycheck with payroll withholding or have a business proprietorship will utilize this form to file along with Form 656. This form will list all of a taxpayers (and if a joint offer, their spouse as well) assets, liabilities, credit lines, insurance values, retirement plan balances, monthly cash inflow and outgo in accordance with prescribed IRS criteria. Attendant to the forms instructions there is a wide host of documentation which also should be attached including monthly pay stubs, bank statements, billings/statements, and proof of expenditures.

Form 433B: Collection Information Statement for Businesses. If you are submitting an Offer in Compromise for your business for either payroll taxes withheld and not paid or for unpaid income taxes if a C Corporation, then you will use Form 433B for the submission. This schedule will also list all of the assets and liabilities of the business along with a profit and loss showing the year to date profit for the current year. Most of this information can be obtained from the company’s internal books and records (i.e., their balance sheet and profit and loss). Details of where the company banks, account numbers, loans, loan numbers, offsetting balances, monthly payments are examples of the additional information which will also need to be supplied. Copies of items such as the last three monthly bank statements, open accounts receivable and accounts payable detail will also need to be provided.

Generally an Offer in Compromise will take at least a year to process and it is not a task you will want to take on without the skill of a good Atlanta CPA to guide you along the way.

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Suwanee, Lawrenceville, Snellville, Lilburn, Duluth, Norcross, Peachtree Corners, Atlanta, Gwinnett, Johns Creek, Roswell, Forsyth, Flowery Branch, Buford, Dunwoody, Grayson, Alpharetta, Roswell, Sandy Springs & Tucker as a Faith Based CPA

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Offering Corporate and Personal Income Tax Returns, Offer in Compromise, Tax Advocacy, Tax Mitigation and Tax Compliance, Back Taxes, IRS Representation, IRS Appeals, IRS Collections, IRS Installment Plans & IRS Wage Levies

Duluth/Johns Creek/Cumming CPA: Atlanta Bookkeeping Services…What Clients of John Dillard CPA Have to Say

What clients of John Dillard, CPA have to say…

Dear John,

This is a “thank you” note. You’ve been taking care of me and my company for close to four years now, and without thinking real hard, I can come up with about $400,000 you’ve saved me: Personally, you got me a tax refund of $3,000 that I didn’t expect, plus you got the IRS to waive $15,000 worth of penalties. Your advice on estate planning will save me and my heirs at least $200,000. For my company, you established a $35,000 credit line at a great rate because you managed to get three banks clamoring for our account. And, best of all, you converted this company to an S Corporation, saving us $150,000 in taxes this year.

You’ve answered all my questions in English, in a way I could understand. You’ve talked to me as a person with a business, not a client with a checkbook. You’ve taken the time to get to know me, my business, and the way it all fits together. You’ve removed my burden of paperwork and form filing and unbalanced ledgers and allowed me to concentrate all my energy on product development and increasing our sales. In short, your thoughtful attention to this company has made it possible for us to grow.

Again, thank you for your guidance. We really couldn’t have done it without you!

Sincerely,

Kim Burn
Business Manager
Jeanette Crews Designs, Inc

Dear John,

There are not enough words to properly thank you for your time and efforts concerning my husband’s Offer and Compromise.

I had worked for nearly 2 1/2 years with a “Brand X” CPA until I was referred to you. Boy am I ever thankful for that referral. You were able to clear up the income tax problem within nine to twelve months which is the time table that you had anticipated. With your recommendations and guidance, we were able to settle the Offer and Compromise saving $57,000, not even including penalties and interest.

We often jest that you must be a “demi-force” but I think you are just one hell of an accountant who knows the system and understands the needs of his clients.

Thank you once again as I look forward to working with you on all of our business and personal returns. I also look forward to telling everyone what a wonderful job you did. But I especially appreciate that we are out of purgatory and may now venture forward with our life.

Respectfully,

D. Jackson

Dear John,

I wanted to express my thanks for all your tax advice and strategies you have provided my firm. I always feel comfortable and assured when you perform for my firm.

I appreciate you setting up my business as an S Corporation. In this way I both avoid the double taxation of a C Corporation as well as legally avoid Medicaid and FICA taxes by taking shareholder distributions. As a layman I was not aware that so much could be done to legally limit my tax liability as well as giving me the additional protection of a corporation.

I also appreciate your representation of myself in submitting an offer in compromise. You have allowed me to get back into the tax system while saving me $62,000. I feel as if your services are outstanding and truly appreciate your professionalism and abilities.

Sincerely,

J. Allen
Allied Building Supplies

More Testimonials

“We appreciate the fact that you were able to get the IRS to waive its 75 day rule of filing for an S Corporation by over 600 days. I know you worked on this with the IRS over a period of several months, but this issue above has saved us approximately $22,000.00 in taxes.”

American Lenders Service Co.

“John, I really appreciate the work you’ve done on my behalf. You literally saved me thousands of dollars by going back to the prior years and “carrying back” my current year taxes. You can be sure I won’t forget that or hesitate to recommend you to others. I had been hoping to find a good accountant that I could trust and rely on to help me with my business and the Lord filled my need when he brought us together through the Chamber of Commerce.”

Beverly A. Anderson
Anderson Realty, Inc.

“Lately we had felt that our company had grown to a stage where we needed to dramatically upgrade our accounting services. You promised to be as aggressive as legally possible and have helped us get: S-Election back dated by the IRS, saving us $16,000; and a refund for 1995 taxes paid as a result of a poor cutoff by our prior accountant, saving us $12,000.”

Alan Carson
Carolina Microwave

“Thank you for talking with our students at DeKalb College on Monday, March 7, 1994. Many factors affect the difficult career decisions our students must make. Personal contact with a practicing professional in the field is helpful because it makes the idea of being an accountant real and human. Your willingness to share your knowledge and insights certainly indicates your commitment to the accounting profession and the advancement of understanding of the field.”

Ingrid R. Torsay, Assistant Professor of Accounting
Dekalb College

“At the beginning of my particular situation, I truly felt all was hopeless. But you wouldn’t let me quit, gave me the needed support when I floundered with despair, and gave me the incentive to continue on. Well, you were right. We did win.”

Linda Maxwell

“Your work on my tax issues has saved me money, made me money, and allowed me to focus on the every day of running my business. You aren’t just a CPA, you’re a ‘business partner’ with your clients.”

Robert C. Smith
Lumina

“Thank you for the financial consulting that you have provided my company. Your initial suggestion and help in obtaining a line of credit for the company will make the balancing act with cash flow much easier. I would also like to thank you for your suggestion and referral to a paycheck company to help us off-load some of the routine business matters that takes time better spent elsewhere.”

Scott J. Wilson, PhD
Media Magic

“Actually, the Offer In Compromise, was only the beginning of a continuing flow of pertinent information and expert advice from you concerning my business and tax affairs. It has helped me tremendously knowing that you understand my financial needs and that you always follow through.”

Michael Durkee

“We commend you on a great job, and through your efforts and knowledge saved us a great deal of money.”

Isaac and Gloria Powell
Powell’s Learning & Development Center, Inc.

“The presentation you made on Financial Management at our July 21st Chapter meeting has to rank with the top of all we have had in the recent past. It was informative, covered the subject, the audience was interested from beginning to end and, above all, added to the knowledge of our counselors to make us better equipped to offer assistance to our clients.”

Leonard J. Seligman, Chapter Chairman
SCORE

“Congratulations on being chosen the Small Business Administration as the Accountant Advocate of the Year. It’s always nice to be recognized for good work and we know you have earned the accolade. Thanks too, John for the work you do for SCORE, we appreciate it.”

Fred J. Macfee, Chairman
SCORE

“Thank you so much for the work you do with small business. It is this hard work that has resulted in your being selected as the 1999 Accountant Advocate of the Year for the State of Georgia. Please accept my sincere congratulations.”

Charles E. Anderson, District Director
US Small Business Administration, Georgia District Office

“Just a short note to congratulate you on being named the Accountant Advocate of the Year by the U.S. Small Business Administration.”

Paul D. Coverdell
United States Senate

Then Judas, the one who would betray him, said, “Surely not I, Rabbi?” Jesus answered, “Yes, it is you.” While they were eating, Jesus took bread, gave thanks and broke it, and gave it to his disciples, saying, “Take and eat; this is my body.” Then he took the cup, gave thanks and offered it to them, saying, “Drink from it, all of you. This is my blood of the covenant, which is poured out for many for the forgiveness of sins. I tell you, I will not drink of this fruit of the vine from now on until that day when I drink it anew with you in my Father’s kingdom.”

When they had sung a hymn, they went out to the Mount of Olives. Then Jesus told them, “This very night you will all fall away on account of me, for it is written: ” ‘I will strike the shepherd, and the sheep of the flock will be scattered.’ But after I have risen, I will go ahead of you into Galilee.” Peter replied, “Even if all fall away on account of you, I never will.”

Matthew 6 25:33

John Dillard, CPA of His CPA, PC, 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.HisCPA.com/

Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!

www.HisCPA.com Atlanta Bookkeeping Services…What Clients of John Dillard CPA Have to Say

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Offering Corporate and Personal Income Tax Returns, Offer in Compromise, Tax Advocacy, Tax Mitigation and Tax Compliance, Back Taxes, IRS Representation, IRS Appeals, IRS Collections, IRS Installment Plans & IRS Wage Levies

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Suwanee, Lawrenceville, Snellville, Lilburn, Duluth, Norcross, Peachtree Corners, Atlanta, Gwinnett, Johns Creek, Roswell, Forsyth, Flowery Branch, Buford, Dunwoody, Grayson, Alpharetta, Roswell, Sandy Springs & Tucker as a Faith Based CPA

His CPA (a Christian CPA firm)

Duluth/Suwanee CPA Proudly Serving Gwinnett for 30 Years and our Comprehensive List of Services

Contact John Dillard CPA at 770 814 9304 and let’s get started today.

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http://www.hiscpa.com/comparing-tax-methods.html Gwinnett CPA on National Sales & Flat Tax

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http://www.hiscpa.com/about_us.htm Providing Accounting and Tax Services to Georgia Businesses for Over Thirty Years

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for Small Business and Individuals

http://www.hiscpa.com/small_business_plans.htmlWriting Georgia Business Plans for Over 30 Years

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John Dillard is an author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (a Christian CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey.

“Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!”

Preparing the S Corporation Income Tax Return K-1 A Guide How to Guide to Prepare a K-1

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Suwanee, Lawrenceville, Snellville, Lilburn, Duluth, Norcross, Peachtree Corners, Atlanta, Gwinnett, Johns Creek, Roswell, Forsyth, Flowery Branch, Buford, Dunwoody, Grayson, Alpharetta, Roswell, Sandy Springs & Tucker as a Faith Based CPA

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Offering Corporate and Personal Income Tax Returns, Offer in Compromise, Tax Advocacy, Tax Mitigation and Tax Compliance, Back Taxes, IRS Representation, IRS Appeals, IRS Collections, IRS Installment Plans & IRS Wage Levies

Duluth/Suwanee/Lawrenceville CPA Teaches Having Sufficient Documentation to Prepare Your Personal Income Tax Return

Failing to Prepare is Preparing to Fail. When preparing your data to present to your CPA, it is one of the best times to ensure that you have all of the required documentation as well as to ensure that every legal, an no illegal, deductions are claimed. On the contact page of our web-site at http://www.hiscpa.com/newclient.html   there is a checklist for you to use to ensure that you have all the tax items needed. Though the list is not intended to cover all items for all taxpayers, it is written in a thought provoking matter to lead taxpayers and preparers alike to be sure to report and consider all income and all legal tax deductions. Of course, the first best place to go is a copy of the prior year’s tax return, if prepared by a good CPA, to determine the recent past history of a client, while being sensitive to current changes in taxpayers home state, filing status, types of income, itemized deductions etc. Below is a sample of a letter we might send to a taxpayer to help them prepare the required data to ensure a return’s accuracy and completeness:

Please be sure to get to me copies of all income and deduction items that you have listed over $1000.  By having in my file copies of these receipts/year-end statements in a file, a CPA can have a substantive percentage of the major deduction items that might be required in the event of an audit of a taxpayer’s personal return.

Frequently taxpayers inadvertently list items twice or fail to turn in an expense report for valid business items. Accordingly I remind taxpayers to please be sure to turn in expense reports for any business expenses listed such as business use portion of Mobile phone, CPA fees or auto lease. I believe the Life Insurance was already deducted on the corporate return. If not please turn in an expense report if business related. Please be reminded that tax law only allows to deduct premiums to pay for up to $50,000 of face value. Also the health insurance premiums your forwarded was already deducted on the corporate return, thus not allowable again on the personal return.

Also please note I will not need Auto Insurance, Home Insurance, or HOA fees as I have long understood you had corporate vehicle. FYI tax law does not allow a legal tax deduction for personal items.

Finding (and Tracking) Business Tax Deductions Whether you are a new business owner or have owned your company for years, missed business deductions are a consistent cause of concern. Discover new ways and methods to improve your business tracking skills. To learn more visit http://www.hiscpa.com/maximizing-deductions.html

Business Expense Documentation Business expenses and their adequate documentation is key to running a successful business.  Learning the ins and outs of what is required will both raise the efficiency of how you run your business and ensure that you always have proper documentation in the event of an audit. To learn how best to track and record valid business deductions visit http://www.hiscpa.com/business-expenses.html

Contact HIS CPA PC (A Christian CPA Firm) today.

To learn more about tax entities and the taxation thereof visit http://www.hiscpa.com/article2.html  There you will also discover a wide host of resources for Atlanta Entrepreneurs.

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