Reducing Your Tax Liability

TAX RETURNS FILED OVER IRS SUBSTITUTE FOR RETURNS

Most people do not know that if you do not file a tax return the IRS will do it for you.  When the IRS files the tax return for you they do not take into account any of your standard deductions (Mortgage Interest, Spouse, Children).  If you trade stocks the brokerage only reports the total sales price not your stock basis (how much you paid for the stock.)

When our clients see this huge tax bill most of them just freeze not knowing that there are options.  If it your right as a citizen to file a true tax return over the Substitute for Return the IRS did for you.  Shown below is just how much of the debt your can wipe out by just filing proper tax returns.

Once the IRS receives your true returns they will void the ones they did for you.  The IRS will zero out the debt and recalculate the debt and penalties and interest based on your true debt.

Please see the examples of how just filing tax returns could dramatically lower your tax debt.

DEBT FROM IRS SUBSTITUTE DEBT FROM PROPER RETURN VIEW DOCUMENT $5,244.55 $507.29 $6,115.00 $3,257.50 $19,252.26 $177.69 $12,178.22 $1,395.72 $70,510.46 $17,471.95 $22,014.73 $2,464.31 $15,768.60 $1,977.67 $11,344.00 $4,9717.38 $133,320.75 $70,726.59 $240,385.10 $3,353.25

Click here to see the actual IRS documents...