e a Difference Next Tax Season ORP, OR LLC MOVES EARLY
WIN OF THE MONTH SOFTWARE ISSUES CREATE HAVOC FOR CALIFORNIA CLIENT
significant tax deduction if you itemize your taxes. Take a look at the maximum you can donate to charities tax-free! Review your retirement account contributions. Maxing out your IRA, 401(k), and other retirement accounts is one of the best ways to invest! This year, those with a 457 plan or 401(k), or who participate in the government’s Thrift Savings Plan can contribute up to $20,500.
CASE SNAPSHOT
Client: W2 Employee From California Type of IRS Issue: Unsubstantiated State Claim Tax Year in Question: 2017 IRS Claimed Liability: $85,941.81 Savings: $85,941.81
Check your withholdings. To avoid surprises when tax season rolls around, check your W-2 withholdings to ensure you’ve been withholding the correct amount of taxes. If you need to make adjustments, you can do so through your employer.
People are busy, right? When tax season comes around, you pay a visit to your accountant and drop off your documents. A little later, you return, sign your documents, and you are all set — except for when you aren’t!
Don’t forget to prepare for the upcoming tax season during this busy holiday season! For any questions or concerns, we are here to help. Give us a call today!
Our client, a W2 employee from California, came to us confused and terrified! The client had a tax bill from Pennsylvania, and the IRS wanted $85,941.81.
Prior to coming to IRS Trouble Solvers, the client revisited his accountant to see what had happened and why this enormous tax bill was coming out of Pennsylvania. After looking into it, the accountant realized that when working on the client’s returns, there was a glitch in the system. When the accountant reported the client’s investment income, it erroneously showed the clients as Pennsylvania residents. While the accountant had been putting forth some half-hearted efforts to fix the situation, too much time had elapsed. Thinking he had no other option, the client paid the balance due. But he was still baffled about why he had to pay that tax and decided to hire us to see if there were any other options available to him. Our first step was to file for an appeal, which was denied because it wasn’t timely filed. Per Pennsylvania, the case was closed. We were also informed the tax return we were presenting was not what was submitted to the state of Pennsylvania. After securing the correct return, we went to work. We decided to take a different, more unconventional approach — we reached out to the elected officials. A kind staff member felt a sense of responsibility and assisted us as we navigated the Pennsylvania tax system. They indicated that we could file for a Petition for Refund, essentially challenging the assessment. After securing our appeal hearing, we set to work and provided documentation proving our clients were residents of California, not Pennsylvania. After providing the tax return and the supporting documents, the state of Pennsylvania had no choice but to refund the full assessment, thus saving our client the full $85,941.81! What a win!
INGREDIENTS
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4 lbs pork loin
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2 red onions 3 garlic cloves
2 tsp garlic powder 2 tsp salt, divided 1 tsp black pepper
1 tbsp brown sugar
2 tbsp olive oil 2 tsp cinnamon
8 apples
3 tbsp butter, softened
DIRECTIONS
1. In a large bowl, season pork loin with garlic powder, 1 1/2 tsp salt, and pepper, then cover and place in refrigerator for 30 minutes. 2. Preheat oven to 425 F. 3. Slice apples and onions, then chop garlic cloves. Season with brown sugar, olive oil, remaining salt, and cinnamon. 4. In a 9x13-inch baking dish, place a layer of apples and onions in the pan, put pork loin on top, then place remaining apples and onions around it. 5. Break butter into small pieces and place them on the pork loin and apples. Place dish in oven and let it bake for 15 minutes. 6. Reduce the heat to 350 F, then continue to bake for 60 minutes. 7. Remove dish and stir apples and onions. 8. Increase heat to 450 F, put dish in oven, and roast for an additional 8–10 minutes.
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