- Industry: Communication
- Service: QBO Cleanup Project, Monthly Bookkeeping & Professional Tax Preparation & Amendments for Unfiled Tax Returns + Incorrectly Filed Tax Returns
What Happened:
Business client filed his own 1120S tax returns using incorrect financials and without accounting expertise. This resulted in two of the owners owing $157,996+ in taxes for two years. Due to inability to pay this amount, the owner did not file taxes for several years out of fear. The IRS eventually sent notices to seize property unless this was resolved. Actual amounts owed to the IRS for 7 years of unfiled or incorrectly filed tax returns were amended and filed really amounted to $21,928 + penalties & interest.
Our Client’s Words:
coming soon …
