IRS filed tax returns for a client due to a non-filing status. Once the IRS completed the filing, our client was notified of a $71k debt. Sheppard Law Offices completed the tax returns for our client and the tax debt was reduced to 21k.
Entries from January 2010
We reduced Client’s $71k debt to $21k
January 29th, 2010 · No Comments
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New Companies and startup costs… is there a deduction?
January 28th, 2010 · No Comments
Client reported startup costs as a deduction on his tax return. After investigation, deduction was disallowed due to client’s company not having a gross income for the tax year.
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Performed investigation for client & had debt removed
January 27th, 2010 · No Comments
Client received notice he owed Federal Taxes from 1992. Sheppard Law Offices called the IRS, performed an investigation of client’s tax account, and had the debt removed.
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Dont get a failure-to-file penalty
January 26th, 2010 · No Comments
If you do not file your return by the due date (including extensions) you may have to pay a failure-to-file penalty. The minimum penalty is the smaller of $135 or 100% of the unpaid tax. Call Sheppard Law Offices to avoid these fees.
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New changes for 2009 taxes… Do you know them?
January 25th, 2010 · No Comments
Plenty of changes for the taxpayer in the New Year; chances are, at least one of them will affect you. For that very reason, you should call Sheppard Law Offices for your tax preparation.
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Clients are completing 2009 now
January 22nd, 2010 · No Comments
Tax preparations for 2009 are being completed because clients understand the importance of early prep so to save the needed funds to pay taxes due
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Monthly payment of installment agreement was reduced
January 21st, 2010 · No Comments
Client hired Sheppard Law Offices to establish an installment agreement for $350.00/month. After an investigation & re-calculation of client’s tax account, the principle amount owed was reduced & an installment agreement was established for $200.00/month
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Tax return for client more than expected
January 20th, 2010 · No Comments
Prepared Federal & State tax returns for client providing a return of approximately $1500.00 more than client expected.
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Statred collections because sales taxes not being paid
January 19th, 2010 · No Comments
Called the State of Ohio to settle a back debt for income taxes to find out the state had started collection actions due to CAT and sales taxes not being paid.
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Our investigation found clients mistakes saving client money
January 18th, 2010 · No Comments
A client hired Sheppard Law Offices to resolve his tax debt for tax years 2005-2008. Due to our full investigation of tax account prior to making a settlement; it was found that our client also owed for 2000-2002. All years were included in an installment agreement saving our client collection actions taken by the IRS. [...]
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