Case Study # 114: Ex-Attorney Settles $40,000 Tax Debt for Less Than $3,000 Single individual taxpayer CC fails to file prior years tax returns and is assessed around $40,000 in back taxes. CC was previously an attorney and investor earning over $300,000 annually during better times. After several years of success, CC suffered a serious decline due to drug dependence, thereby causing her to lose her job, her position in the community, all... Read More 
Mitch Helfer 
21/12/2012
Mitch Helfer 21/12/2012 Case Study # 113: Tax Relief for over $10,000 in Income Taxes Where Taxpayer Failed to Make a Valid S Corporation Election Without appropriate professional advice, entrepreneurial taxpayer, BB, decided to form a Company, go into business and strike out on his own. The good news is that the taxpayer made it big – everything he touched turned to gold. The bad news is that he failed to timely file a subchapter S election for his new Company – an election which... Read More Mitch Helfer 21/12/2012
Mitch Helfer 21/12/2012 Case Study #112: Deceased Father Leaves Apartment Building to Wife and Children in a Trust Deceased father leaves 2 children and spouse an apartment building in trust approximating $2 million. The entire appreciation in the building, originally purchased far below market value escapes taxation on the transfer. Our clients, the recipients of the trust, bring us prior tax returns and trust documents to review and prepare current year tax returns. No recipient of the trust... Read More Mitch Helfer 21/12/2012
Mitch Helfer 21/12/2012
Mitch Helfer 21/12/2012 Case study # 106 – Realtor Owing Over $40,000 Gets Tax Payment Plan for Under $150 a Month When times are good, they’re really good. And when times are bad, there just appears to be no hope in sight. That’s what DD thought when he came to see us with no money, no prospects of money and over $40,000 in tax debt. DD is a typical victim of today’s troubled economy. Owing more than $40,000 in tax debt... Read More Mitch Helfer 14/12/2012
Mitch Helfer 14/12/2012 Cae Study #105 – Short Sales With Over $2.2 Million Cancellation of Indebtedness KW is a married, real estate developer that was looking at over $675,000 in income taxes on the cancellation of indebtedness associated with the abandonment of various real estate properties that received various 1099-COD or 1099-SA tax forms for 2009. Recent enacted tax legislation provided economic relief where a taxpayer can attribute the debt cancellation to his primary residence, or... Read More Mitch Helfer 14/12/2012
Mitch Helfer 14/12/2012
Mitch Helfer 14/12/2012 Case Study #101 – Small business owner owing $75,000 in back taxes JA is a married, successful IT consultant with 3 kids. His wife is a realtor and housewife. Throughout the years, JA formed a company to provide IT services in addition to wages and other self-employment income he receives. JA had not filed his individual tax returns for over 3 years and was being assessed approximately $75,000 in back taxes from... Read More Mitch Helfer 07/12/2012
Mitch Helfer 07/12/2012
