Discussion:Figured it out--the tax resolution ads
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| Revision as of 06:56, 28 October 2009 Ksnoopytax (Talk | contribs) (You did save the) ← Previous diff |
Revision as of 11:35, 28 October 2009 Smokeytax (Talk | contribs) (I plead guilty a) Next diff → |
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| {{ForumReplyPost|UserID=Ksnoopytax|Date=28 October 2009|Text=You did save them tax. Time to bump up the bill! I could put quite an advertising campaign up too if that is how those ads work.}} | {{ForumReplyPost|UserID=Ksnoopytax|Date=28 October 2009|Text=You did save them tax. Time to bump up the bill! I could put quite an advertising campaign up too if that is how those ads work.}} | ||
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| + | {{ForumReplyPost|UserID=Smokeytax|Date=28 October 2009|Text=I plead guilty as well - I botched a partnership extension last April, client got fined ("IRS says they owe a bunch of money"), I got penalty waived under Rev Proc 84-35, now I'm the hero! | ||
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| + | That makes perfect sense, JR1. | ||
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| + | }} | ||
Revision as of 11:35, 28 October 2009
Discussion Forum Index --> Basic Tax Questions --> Figured it out--the tax resolution ads
Discussion Forum Index --> Tax Questions --> Figured it out--the tax resolution ads
| October 27, 2009 | |
| Finally figured it out. Listening to them again, wondering, ok, so how can they say this? Listen carefully. You and I separate taxes due into two categories: legit and not legit. The Not legit is the CP2000 stuff, mismatch errors, penalty notices, etc. that we regularly handle and clear. The legit debt is owed, and as we all know, there's been quite the stiffening up of actual tax resolutions the past few years, to the point where I personally don't know anyone who's even tried.
What these guys advertise are the unwitting taxpayers who don't have a legit tax debt, which the companies handle for a fee, and get knocked down to nothing. And they blow their trumpets. Well, I, too have a 100% success rate on those over 25 years of practice! Now we know. Make sense? | |
| 27 October 2009 | |
| I have had several of those then, where the IRS says the taxpayer owes $250,000 based on SFRs prepared based only on 1099-Miscs. When I prepare and the client files the correct return, the actual tax debt is often less than $8 or $10,000. When the IRS accepts the return to replace the SFR, does this mean that the IRS 'settled' for 3.2 cents on the dollar? | |
| October 27, 2009 | |
| That's exactly how they're selling it. Like I said, listen carefully. They say, "IRS says you owe a bunch of money..." Not that you actually do owe it, merely that IRS says so. Well, every piece of mail from them says that! Misleading big time. Patently false? Perhaps not. Now starting my own advertising campaign. | |
| 27 October 2009 | |
| How bout when the client forgets to give yo one of their brokerage statements and they have about $300,000 in stock sales cause they fancy themselves day traders. They get a notice stating the entire amount is taxable until after we do the amendment and add in the cost basis, sometimes even generating a refund. | |
Ksnoopytax (talk|edits) said: | 28 October 2009 |
| You did save them tax. Time to bump up the bill! I could put quite an advertising campaign up too if that is how those ads work. | |
| 28 October 2009 | |
| I plead guilty as well - I botched a partnership extension last April, client got fined ("IRS says they owe a bunch of money"), I got penalty waived under Rev Proc 84-35, now I'm the hero!
That makes perfect sense, JR1. | |
