YOU CAN SAVE THOUSANDS IN TAXES WITH A HOME BASED BUSINESS-www.4corporateservices.com
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Posted By: Douglas Burnett on September 17, 2008 W2 Wage Earners Corporate Services & Associates finds that six out of ten of our clients are not taking every legal deduction, credit, or exemption they are entitled to take. Even the ones they are currently taking they are not maximizing their legal deductions. With all of our services we conduct a post-filing review with our former IRS Tax Attorney that was assigned to the IRS Criminal Investigation Division and the High Profile Office of Chief Counsel. This team of EX-IRS professionals can go back by law and advise our clients of amended tax returns up to three years in the past by law if warranted in your situation. This one feature of our service alone puts thousands of dollars back into our clients’ disposable income. There are 7.5 million words in the nations tax code law in the 1990’s alone over 7,000 changes were made to this code. Are you taking every legal deduction, credit and exemption you are entitled to take? What is Form 1040X - Amended Tax Return? If you made a mistake on your tax return or if you find that you did not report some taxable income on your tax return, you claimed tax deductions or tax credits you should not have claimed on your tax return, you failed to claim some tax deductions or tax credits you are entitled to on your tax return, or you should have used a different filing status on your tax return, you should file an amended tax return. If you file an amended tax return shortly before the three (3) year statute of limitations expires and the amended tax return shows you owe additional tax the IRS has sixty (60) days from the date it receives the amended tax return to assess any additional tax - even if the statute of limitations has expired. The tax form you use to correct a Form 1040, 1040A, or 1040EZ you already have filed is Form 1040X, Amended U.S. Individual Income Tax Return. If you file an amended tax return and owe additional tax to the IRS, or you are assessed additional tax by the IRS, you may also owe additional state income tax. The IRS shares its information with most states, and visa versa. You may be able to avoid interest and tax penalties on your state tax return by promptly amending the state tax return. The reverse is also true if your state tax liability increases. FIND OUT FROM ONE OF OUR FORMER IRS TAX ATTORNEYS IF YOU ARE LEAVING ANY MONEYIN THE BANK AT THE IRS www.4corporateservices.com 866 595 9575 GET YOUR FREE EBOOK AND CONSULTATION TODAY!!! If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Douglas Burnett
Owner/CEO.Chairman, Corporate Services & Associates Fisk University class of 1995 Member Since July 2008 |
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