November 5, 2016
Liberty tax outlets across the country have suffered a string of setbacks in the past few months. Federal authorities allege fraudulent tax returns were generated at several locations. Most recently, three local Liberty Tax franchise stores were shut down by federal authorities and the operator of the franchise was permanently barred from preparing tax returns.
But that is not the end of the story. Apparently, as part of a court ordered injunction, the franchise operator will have to provide to the IRS a list of all of its customers. We don’t think the IRS wants that information so it can update their holiday greeting card list. We suspect that many of those on the list can expect some type of inquiry/audit from tax authorities in the near future. And here’s a pro tip, there is no statute of limitations on tax fraud. Normally, if you have been reasonably accurate in filing your tax return you can assume that the IRS cannot and will not challenge your return after 3 years. But not so if you have filed a fraudulent return, or had one filed on your behalf. The IRS can come after you at any time in the future with no deadline or time limit. Ouch!
Even if you consider yourself a victim of unscrupulous tax return preparers and you had no idea there was anything wrong, you are ultimately responsible for everything on your tax return. You may be babe in the woods innocent, but that will not change your tax liability. You will be responsible for all of the taxes the IRS believes you owe. The good news is you may be able to convince the IRS to relieve you of some of the quite substantial penalties that may apply.
If you find that you need assistance in responding to a letter or audit from a state or federal taxing authority, whether due to the recent Liberty Tax troubles or not, please let us see how we can help you. We’ll give you an honest assessment of your situation and provide you with several steps to take to help mitigate the damage, all for no cost or obligation. If, however, you would like our assistance in responding to the letter or audit, Tax On Wheels,LLC is here to help. We will offer you a fair price, to help resolve your tax issues. Frequently we find that our prices are significantly lower than many of our competitors to obtain the exact same results.
Tax On Wheels, LLC can be reached at 803 732-4288 or toll free at 877 439-3514. Our email address is taxonwheels@att.net.