Here at Team Bridges, we love cutting income taxes for
you, just so you can keep a LOT more of your hard-earned
money.
And we also love helping individuals and businesses
that have run afoul of the IRS, for whatever reason. We
make no judgement of anyone that requests our help,
because, well, nobody is perfect.
Very often people end up in trouble though no fault of
their own. And occasionally, we get referred a case where
someone purposely caused trouble for a taxpayer.
We mentioned this case recently, and we are
proud as a peacock to tell you the result.
First, the details:
Our client is a business owner. He had an
ex-girlfriend, to whom he was paying child
support.
She got greedy and took him back to court for
additional child support. However, when we prepared his
current 4 years of tax returns, a different picture
emerged.
They would have resulted in a decrease in child support
if she followed through.
His ex-girlfriend went into a rage.
To get even with our client, she set fire to
the shed at his home that contained all of his tax
records.
That was bad enough. But, then she did the
unthinkable.
She made a fraudulent whistle-blower call to
the IRS, telling them that he had substantially understated
his income for 2013 through 2016. And that he had no
documentation whatsoever.
He contacted us and shared this disgusting chain of
events. When he forwarded the audit letter to us from the
IRS, it was obvious to me that this was a
whistle-blower audit.
They wanted documentation for
everything!
After disallowing all his business expenses for
all four years, they had him owing $161,000.
He had precious few records that we were able to get
from third party sources. Nonetheless, we appealed their proposed
assessment, which required the most creative,
outside-the-box effort that we have ever made in appealing
an audit assessment.
This was truly a team effort.
We were hoping for at least a modest reduction in the
fat tax bill they had saddled him with, from his ex’s
horrific actions.
When we received the reduction notice from IRS, we were
almost afraid to open it, knowing that it was very possible
they made no reduction at all.
We couldn’t believe our eyes:
They cut his IRS bill down to $66,000! A huge
cut of more than $95,000!
There were tears of joy around our office. Okay, I
admit, I got choked up too.
When Sierra reached our client to give him the
amazing news, it was as if the weight of the world has been
lifted from his shoulder!
And there’s even more good news — we can
now appeal for an even further reduction!
We are seriously hoping to get the ultimate settlement
down to maybe $24,000 or even less. And this final amount
he can actually pay over several years.
Our entire team is basking in the joy and
satisfaction of restoring one person’s hope. And
transforming his life.
It’s at times like these that we
know we’re where we’re meant to be…
Restoring people’s lives, their finances and
most of all, their hope.
Who do you know that’s hanging on by the barest of
threads?
Chances are, you know someone that’s trying to feel
their way through a broken relationship, a substance issue
or even cancer, or a severe financial hardship.
If we can help one of your friends with a
severe (or minor) IRS problem, or just offer a word of hope
and encouragement, we’d love to help!
December 7th, 2013
December 7th, 2013
December 7th, 2013
December 7th, 2013
E. Dennis Bridges, CPA | 234 Creekstone Ridge,
Woodstock, GA 30188 | (770) 984-8008
© Copyright 2014 – E. Dennis Bridges, CPA – All Rights Reserved